Knights of Columbus Asset Advisors LLC Has $151,000 Stake in ArcelorMittal (NYSE:MT)

Knights of Columbus Asset Advisors LLC decreased its position in shares of ArcelorMittal (NYSE:MT) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,008 shares of the basic materials company’s stock after selling 774 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in ArcelorMittal were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MT. Maverick Capital Ltd. bought a new position in shares of ArcelorMittal during the second quarter worth $36,000. Advisory Services Network LLC bought a new stake in ArcelorMittal during the 2nd quarter worth about $47,000. Arkadios Wealth Advisors lifted its position in ArcelorMittal by 401.8% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,671 shares of the basic materials company’s stock worth $50,000 after buying an additional 1,338 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in ArcelorMittal during the 2nd quarter worth about $107,000. Finally, Fieldpoint Private Securities LLC lifted its position in ArcelorMittal by 147.0% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 3,989 shares of the basic materials company’s stock worth $143,000 after buying an additional 2,374 shares in the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Bank of America cut their price target on shares of ArcelorMittal from €47.00 ($53.41) to €45.00 ($51.14) and set a “buy” rating on the stock in a research report on Friday, November 26th. They noted that the move was a valuation call. UBS Group restated a “buy” rating on shares of ArcelorMittal in a research note on Thursday, November 4th. Zacks Investment Research lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $34.00 price objective on the stock. in a research note on Monday, October 18th. Morgan Stanley restated an “overweight” rating on shares of ArcelorMittal in a research note on Wednesday, September 29th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of ArcelorMittal from $55.00 to $52.00 in a research note on Monday, January 10th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $40.65.

Shares of ArcelorMittal stock opened at $37.22 on Friday. The company has a 50 day moving average of $31.35 and a 200-day moving average of $32.03. ArcelorMittal has a 1-year low of $20.50 and a 1-year high of $37.87. The company has a current ratio of 1.42, a quick ratio of 0.61 and a debt-to-equity ratio of 0.13. The company has a market cap of $36.58 billion, a PE ratio of 3.53, a price-to-earnings-growth ratio of 2.40 and a beta of 2.09.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings results on Wednesday, November 10th. The basic materials company reported $4.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.17 by ($0.01). The firm had revenue of $20.23 billion for the quarter, compared to the consensus estimate of $22.44 billion. ArcelorMittal had a return on equity of 25.32% and a net margin of 17.32%. During the same period last year, the company posted ($0.15) EPS. Research analysts forecast that ArcelorMittal will post 13.02 earnings per share for the current year.

ArcelorMittal Profile

ArcelorMittal SA is a holding company, which engages in steelmaking and mining activities. It operates through the following business segments: NAFTA, Brazil, Europe, Africa and Commonwealth of Independent States (ACIS), Mining, and Others. The NAFTA segment consists of flat products such as slabs, hot-rolled coil, cold-rolled coil, coated steel, and plate.

See Also: Why are percentage gainers important?

Want to see what other hedge funds are holding MT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ArcelorMittal (NYSE:MT).

Institutional Ownership by Quarter for ArcelorMittal (NYSE:MT)

Receive News & Ratings for ArcelorMittal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ArcelorMittal and related companies with MarketBeat.com's FREE daily email newsletter.