Schonfeld Strategic Advisors LLC Has $2.52 Million Stock Position in ArcelorMittal S.A. (NYSE:MT)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of ArcelorMittal S.A. (NYSE:MT - Free Report) by 78.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,736 shares of the basic materials company's stock after selling 402,397 shares during the period. Schonfeld Strategic Advisors LLC's holdings in ArcelorMittal were worth $2,515,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in ArcelorMittal by 89.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company's stock worth $26,000 after buying an additional 536 shares during the period. GAMMA Investing LLC raised its position in shares of ArcelorMittal by 68.5% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock worth $34,000 after acquiring an additional 595 shares during the last quarter. US Bancorp DE lifted its stake in shares of ArcelorMittal by 5.0% in the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company's stock worth $349,000 after acquiring an additional 717 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in ArcelorMittal by 9.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company's stock valued at $221,000 after acquiring an additional 797 shares during the last quarter. Finally, United Capital Financial Advisors LLC increased its position in ArcelorMittal by 11.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company's stock valued at $253,000 after purchasing an additional 1,129 shares during the period. Institutional investors own 9.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MT. Jefferies Financial Group downgraded shares of ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price target on the stock. in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of ArcelorMittal in a research report on Monday, April 14th. Morgan Stanley lowered ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded ArcelorMittal from a "neutral" rating to a "buy" rating and upped their target price for the company from $29.00 to $31.70 in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.95.

ArcelorMittal Trading Up 3.2 %

MT opened at $30.64 on Monday. The company has a fifty day moving average price of $29.21 and a two-hundred day moving average price of $26.35. ArcelorMittal S.A. has a 1-year low of $20.52 and a 1-year high of $34.90. The company has a market cap of $25.10 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 0.14 and a beta of 1.60. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17.

ArcelorMittal (NYSE:MT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.33. ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. The business had revenue of $14.80 billion for the quarter, compared to the consensus estimate of $15.11 billion. During the same period in the prior year, the business earned $1.16 EPS. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. Analysts predict that ArcelorMittal S.A. will post 3.72 EPS for the current fiscal year.

ArcelorMittal Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a $0.275 dividend. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal's payout ratio is currently 30.07%.

About ArcelorMittal

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.

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