Mechel PAO (MTL) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System grew its holdings in shares of Mechel PAO (NYSE:MTL) by 23.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,292,420 shares of the basic materials company’s stock after purchasing an additional 249,170 shares during the period. California Public Employees Retirement System owned approximately 0.62% of Mechel PAO worth $6,682,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Mechel PAO by 17,150.3% during the third quarter. JPMorgan Chase & Co. now owns 247,369 shares of the basic materials company’s stock worth $1,269,000 after acquiring an additional 245,935 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Mechel PAO by 23.7% during the second quarter. Parametric Portfolio Associates LLC now owns 1,133,098 shares of the basic materials company’s stock worth $5,246,000 after acquiring an additional 216,999 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Mechel PAO by 288.7% during the second quarter. BNP Paribas Arbitrage SA now owns 62,863 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 46,692 shares during the period. Dimensional Fund Advisors LP grew its holdings in Mechel PAO by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 422,249 shares of the basic materials company’s stock worth $1,955,000 after acquiring an additional 44,888 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Mechel PAO during the second quarter worth about $160,000. 8.74% of the stock is currently owned by institutional investors.
Separately, Canaccord Genuity reaffirmed a “hold” rating and set a $16.50 target price on shares of Mechel PAO in a report on Thursday, December 14th.
Mechel PAO (NYSE MTL) opened at $5.48 on Thursday. Mechel PAO has a 12 month low of $4.00 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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