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Stock impact report

With 60% ownership of the shares, Algoma Steel Group Inc. (NASDAQ:ASTL) is heavily dominated by institutional owners [Yahoo! Finance]

Algoma Steel Group Inc. (ASTL) 
Company Research Source: Yahoo! Finance
50% of the business is held by the top 10 shareholders Recent sales by insiders Every investor in Algoma Steel Group Inc. ( NASDAQ:ASTL ) should be aware of the most powerful shareholder groups. With 60% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's delve deeper into each type of owner of Algoma Steel Group, beginning with the chart below. Check out our latest analysis for Algoma Steel Group Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major Show less Read more
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