The 136,602 Shares in ArcelorMittal SA (MT) Acquired by Capital Fund Management S.A.

The 136,602 Shares in ArcelorMittal SA (MT) Acquired by Capital Fund Management S.A.

Several other large investors also recently made changes to their positions in the stock. Wetherby Asset Management Inc. raised its stake in shares of ArcelorMittal SA by 1.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 37,767 shares of the basic materials company’s stock valued at $276,000 after buying an additional 399 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of ArcelorMittal SA by 0.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 80,959 shares of the basic materials company’s stock valued at $591,000 after buying an additional 466 shares in the last quarter. Bank of Montreal Can increased its stake in shares of ArcelorMittal SA by 7.8% in the first quarter. Bank of Montreal Can now owns 22,020 shares of the basic materials company’s stock valued at $184,000 after buying an additional 1,599 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of ArcelorMittal SA by 15.8% in the fourth quarter. Baird Financial Group Inc. now owns 16,715 shares of the basic materials company’s stock valued at $122,000 after buying an additional 2,286 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of ArcelorMittal SA by 2.5% in the first quarter. Capstone Asset Management Co. now owns 148,211 shares of the basic materials company’s stock valued at $1,238,000 after buying an additional 3,680 shares during the last quarter. Hedge funds and other institutional investors own 3.46% of the company’s stock.

Capital Fund Management S.A. purchased a new stake in shares of ArcelorMittal SA (NYSE:MT) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 136,602 shares of the basic materials company’s stock, valued at approximately $1,141,000.

ArcelorMittal SA (MT) opened at 21.12 on Monday. The firm’s 50-day moving average price is $22.72 and its 200 day moving average price is $24.03. ArcelorMittal SA has a 12-month low of $12.54 and a 12-month high of $28.11. The stock has a market cap of $21.54 billion, a PE ratio of 7.00 and a beta of 2.06.

A number of brokerages recently commented on MT. TheStreet upgraded ArcelorMittal SA from a “c” rating to a “b-” rating in a report on Monday, May 15th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of ArcelorMittal SA in a report on Friday, February 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $31.50 price objective on shares of ArcelorMittal SA in a report on Thursday, February 16th. Bank of America Corp upgraded ArcelorMittal SA from a “neutral” rating to a “buy” rating in a report on Friday, February 10th. Finally, Credit Suisse Group AG set a $45.00 target price on ArcelorMittal SA and gave the stock a “buy” rating in a research note on Saturday, March 25th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. ArcelorMittal SA presently has an average rating of “Buy” and a consensus price target of $26.39. About ArcelorMittal SA

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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