Oct 23, 2023

Banco Bilbao Vizcaya Argentaria S.A. Sells 30,871 Shares of ArcelorMittal S.A. (NYSE:MT)

Banco Bilbao Vizcaya Argentaria S.A. cut its holdings in ArcelorMittal S.A. (NYSE:MT - Free Report) by 67.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,929 shares of the basic materials company's stock after selling 30,871 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in ArcelorMittal were worth $450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of ArcelorMittal during the 3rd quarter valued at $28,000. Financial Management Professionals Inc. bought a new position in shares of ArcelorMittal during the 1st quarter valued at $30,000. Clear Street Markets LLC bought a new position in shares of ArcelorMittal during the 4th quarter valued at $40,000. Captrust Financial Advisors lifted its holdings in shares of ArcelorMittal by 166.1% during the 1st quarter. Captrust Financial Advisors now owns 1,381 shares of the basic materials company's stock valued at $44,000 after buying an additional 862 shares during the period. Finally, Penserra Capital Management LLC lifted its holdings in shares of ArcelorMittal by 199.0% during the 4th quarter. Penserra Capital Management LLC now owns 5,139 shares of the basic materials company's stock valued at $134,000 after buying an additional 3,420 shares during the period. 5.24% of the stock is owned by institutional investors.

NYSE:MT opened at $26.41 on Wednesday. ArcelorMittal S.A. has a one year low of $19.25 and a one year high of $32.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.63 and a quick ratio of 0.68. The firm has a market capitalization of $21.27 billion, a price-to-earnings ratio of 5.41 and a beta of 1.89. The business has a fifty day moving average price of $27.45 and a 200-day moving average price of $28.21.

ArcelorMittal (NYSE:MT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.39. ArcelorMittal had a return on equity of 9.88% and a net margin of 5.77%. The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $17.41 billion. During the same quarter in the prior year, the business posted $4.24 EPS. ArcelorMittal's revenue for the quarter was down 16.0% compared to the same quarter last year. Sell-side analysts forecast that ArcelorMittal S.A. will post 5.3 EPS for the current year.

Separately, started coverage on ArcelorMittal in a research note on Thursday, May 18th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, ArcelorMittal has a consensus rating of "Moderate Buy" and an average price target of $28.68.

View Our Latest Research Report on MT

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. 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.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider ArcelorMittal, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ArcelorMittal wasn't on the list.

While ArcelorMittal currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

ArcelorMittalWant to see what other hedge funds are holding MT?(Ad)(Ad)