Dimensional Fund Advisors LP grew its holdings in Mechel PAO (NYSE:MTL) by 11.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,249 shares of the basic materials company’s stock after buying an additional 44,888 shares during the quarter. Dimensional Fund Advisors LP owned about 0.20% of Mechel PAO worth $1,955,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Mechel PAO by 288.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 62,863 shares of the basic materials company’s stock valued at $291,000 after buying an additional 46,692 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Mechel PAO by 26.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 169,874 shares of the basic materials company’s stock valued at $903,000 after buying an additional 35,364 shares during the period. Bank of America Corp DE lifted its holdings in shares of Mechel PAO by 11.9% in the 1st quarter. Bank of America Corp DE now owns 479,856 shares of the basic materials company’s stock valued at $2,553,000 after buying an additional 50,980 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Mechel PAO by 23.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,133,098 shares of the basic materials company’s stock valued at $5,246,000 after buying an additional 216,999 shares during the period. 8.74% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on MTL. ValuEngine cut Mechel PAO from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Mechel PAO from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $16.50 price target on shares of Mechel PAO in a report on Thursday.
Mechel PAO (NYSE MTL) traded down $0.28 during midday trading on Friday, reaching $4.22. The company had a trading volume of 1,292,100 shares, compared to its average volume of 224,286. Mechel PAO has a 12-month low of $4.16 and a 12-month high of $6.83. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of -0.07.
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Mechel PAO Company Profile
Mechel PAO, formerly Mechel OAO, is a holding company. The Company operates in the mining, steel and power industry segments. Its segments include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power segments, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining segments, and also sells a portion of electricity and heat power to third parties.
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