Deutsche Bank AG cut shares of Mechel OAO (NYSE:MTL) from a hold rating to a sell rating in a report published on Tuesday morning.

Mechel OAO (NYSE:MTL) opened at 5.58 on Tuesday. The stock has a 50 day moving average of $4.80 and a 200 day moving average of $2.69. The firm’s market capitalization is $1.16 billion. Mechel OAO has a 12-month low of $1.23 and a 12-month high of $6.74.

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Hedge funds have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. increased its stake in Mechel OAO by 10.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 293,597 shares of the company’s stock valued at $840,000 after buying an additional 27,732 shares in the last quarter. BlackRock Group LTD increased its stake in Mechel OAO by 4.8% in the third quarter. BlackRock Group LTD now owns 52,563 shares of the company’s stock valued at $150,000 after buying an additional 2,417 shares in the last quarter. Albert D Mason Inc. purchased a new stake in Mechel OAO during the third quarter valued at about $170,000. Parametric Portfolio Associates LLC increased its stake in Mechel OAO by 19.5% in the second quarter. Parametric Portfolio Associates LLC now owns 807,891 shares of the company’s stock valued at $1,357,000 after buying an additional 131,996 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Mechel OAO by 24.3% in the second quarter. Van ECK Associates Corp now owns 624,403 shares of the company’s stock valued at $1,049,000 after buying an additional 122,231 shares in the last quarter. 7.06% of the stock is owned by institutional investors.

Mechel OAO 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.

5 Day Chart for NYSE:MTL

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