Algoma Steel Group Inc. (ASTL) reported first-quarter 2026 results with revenues of $213.6 million, down 55.1% year-over-year, and a gross loss of $91.1 million.
Cash flow and balance sheet highlights show pressure on liquidity while liabilities remain elevated:
Cost of sales remained substantial at $304.6 million, reflecting continued margin pressure. Following the release, the stock moved lower, with shares down about 6.0% since market close.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Algoma Steel Group Inc. Hedge Fund Activity
We have seen 51 institutional investors add shares of Algoma Steel Group Inc. stock to their portfolio, and 65 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MAPLE ROCK CAPITAL PARTNERS INC. added 4,000,000 shares (+38.3%) to their portfolio in Q4 2025, for an estimated $16,399,999
- MMCAP INTERNATIONAL INC. SPC added 3,409,033 shares (+42.2%) to their portfolio in Q4 2025, for an estimated $13,977,035
- CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 2,264,863 shares (+inf%) to their portfolio in Q4 2025, for an estimated $9,285,938
- J. GOLDMAN & CO LP removed 2,263,011 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $9,278,345
- CONTRARIAN CAPITAL MANAGEMENT, L.L.C. removed 2,037,686 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $8,354,512
- TD ASSET MANAGEMENT INC added 1,571,184 shares (+1351.7%) to their portfolio in Q4 2025, for an estimated $6,441,854
- AYAL CAPITAL ADVISORS LTD removed 1,467,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $6,014,699
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
