Callan Capital LLC Has $730,000 Holdings in ArcelorMittal S.A. (NYSE:MT)

Callan Capital LLC boosted its position in ArcelorMittal S.A. (NYSE:MT) by 53.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,555 shares of the basic materials company’s stock after buying an additional 11,042 shares during the quarter. Callan Capital LLC’s holdings in ArcelorMittal were worth $730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in ArcelorMittal by 89.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock valued at $26,000 after buying an additional 536 shares during the last quarter. GAMMA Investing LLC grew its position in ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 595 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in ArcelorMittal in the 4th quarter worth $212,000. Janney Montgomery Scott LLC acquired a new stake in ArcelorMittal in the 4th quarter worth $233,000. Finally, Atria Investments Inc acquired a new stake in ArcelorMittal in the 3rd quarter worth $244,000. 9.29% of the stock is currently owned by institutional investors and hedge funds.

ArcelorMittal Price Performance

Shares of ArcelorMittal stock opened at $27.78 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. The firm’s 50-day simple moving average is $24.54 and its 200-day simple moving average is $24.25. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $29.38. The firm has a market cap of $22.76 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.14 and a beta of 1.74.

ArcelorMittal (NYSE:MT) last issued its earnings results on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. As a group, research analysts expect that ArcelorMittal S.A. will post 3.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley lowered shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Bank of America upgraded shares of ArcelorMittal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $30.00 to $32.90 in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.17.

ArcelorMittal Profile

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.