Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mechel PAO (NYSE:MTL) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 414,877 shares of the basic materials company’s stock after purchasing an additional 62,079 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.20% of Mechel PAO worth $2,182,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MTL. California Public Employees Retirement System increased its position in shares of Mechel PAO by 23.9% during the third quarter. California Public Employees Retirement System now owns 1,292,420 shares of the basic materials company’s stock worth $6,682,000 after acquiring an additional 249,170 shares during the last quarter. BlackRock Inc. increased its holdings in Mechel PAO by 4.0% in the fourth quarter. BlackRock Inc. now owns 1,246,815 shares of the basic materials company’s stock valued at $6,558,000 after buying an additional 47,430 shares during the last quarter. State Street Corp increased its holdings in Mechel PAO by 5.3% in the second quarter. State Street Corp now owns 641,907 shares of the basic materials company’s stock valued at $2,972,000 after buying an additional 32,119 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Mechel PAO by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 422,249 shares of the basic materials company’s stock valued at $1,955,000 after buying an additional 44,888 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Mechel PAO by 17,150.3% in the third quarter. JPMorgan Chase & Co. now owns 247,369 shares of the basic materials company’s stock valued at $1,269,000 after buying an additional 245,935 shares during the last quarter. Institutional investors and hedge funds own 6.21% of the company’s stock.
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.
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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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