Dynamic Technology Lab Private Ltd purchased a new position in Mechel PAO (NYSE:MTL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,726 shares of the basic materials company’s stock, valued at approximately $160,000.

Other large investors have also recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its stake in shares of Mechel PAO by 23.7% in the second quarter. Parametric Portfolio Associates LLC now owns 1,133,098 shares of the basic materials company’s stock valued at $5,246,000 after acquiring an additional 216,999 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Mechel PAO by 24.1% during the 1st quarter. California Public Employees Retirement System now owns 1,063,050 shares of the basic materials company’s stock worth $5,655,000 after purchasing an additional 206,400 shares during the last quarter. State Street Corp raised its position in shares of Mechel PAO by 5.3% during the 2nd quarter. State Street Corp now owns 641,907 shares of the basic materials company’s stock worth $2,972,000 after purchasing an additional 32,119 shares during the last quarter. Bank of America Corp DE raised its position in shares of Mechel PAO by 11.9% during the 1st quarter. Bank of America Corp DE now owns 479,856 shares of the basic materials company’s stock worth $2,553,000 after purchasing an additional 50,980 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Mechel PAO by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 422,249 shares of the basic materials company’s stock worth $1,955,000 after purchasing an additional 44,888 shares during the last quarter. Institutional investors own 8.30% of the company’s stock.

Shares of Mechel PAO (MTL) opened at $4.87 on Friday. The company has a debt-to-equity ratio of -0.04, a quick ratio of 0.06 and a current ratio of 0.13.

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Several research analysts recently issued reports on MTL shares. BidaskClub upgraded Mechel PAO from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. ValuEngine downgraded Mechel PAO from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

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.

Institutional Ownership by Quarter for Mechel PAO (NYSE:MTL)

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