Huntington National Bank maintained its position in shares of TimkenSteel Corp. (NYSE:TMST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,715 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in TimkenSteel Corp. were worth $152,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new position in shares of TimkenSteel Corp. during the first quarter worth approximately $3,265,000. IFP Advisors Inc increased its position in shares of TimkenSteel Corp. by 20.9% in the first quarter. IFP Advisors Inc now owns 17,098 shares of the company’s stock worth $156,000 after buying an additional 2,954 shares during the last quarter. Virginia Retirement System bought a new position in shares of TimkenSteel Corp. during the first quarter worth approximately $491,000. Goldman Sachs Group Inc. increased its position in shares of TimkenSteel Corp. by 394.8% in the first quarter. Goldman Sachs Group Inc. now owns 282,479 shares of the company’s stock worth $2,571,000 after buying an additional 225,386 shares during the last quarter. Finally, Bogle Investment Management L P DE increased its position in shares of TimkenSteel Corp. by 29.4% in the first quarter. Bogle Investment Management L P DE now owns 526,641 shares of the company’s stock worth $4,792,000 after buying an additional 119,566 shares during the last quarter. Hedge funds and other institutional investors own 60.50% of the company’s stock.
Shares of TimkenSteel Corp. (NYSE:TMST) traded up 0.88% during mid-day trading on Friday, hitting $10.31. The stock had a trading volume of 261,977 shares. The stock’s market cap is $455.92 million. The firm’s 50-day moving average price is $9.69 and its 200 day moving average price is $10.11. TimkenSteel Corp. has a 12-month low of $3.69 and a 12-month high of $14.66.
TimkenSteel Corp. (NYSE:TMST) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.02. TimkenSteel Corp. had a negative return on equity of 11.76% and a negative net margin of 9.13%. The company earned $223.10 million during the quarter, compared to the consensus estimate of $234.22 million. During the same quarter last year, the company earned ($0.54) EPS. The company’s quarterly revenue was down 19.8% on a year-over-year basis. Equities analysts forecast that TimkenSteel Corp. will post ($1.23) EPS for the current fiscal year.
TMST has been the subject of a number of analyst reports. Cowen and Company upgraded TimkenSteel Corp. from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Thursday, August 11th. Zacks Investment Research upgraded TimkenSteel Corp. from a “sell” rating to a “hold” rating in a research report on Friday, September 9th. Finally, Jefferies Group reduced their price target on TimkenSteel Corp. from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, July 29th.
TimkenSteel Corp. Company Profile
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution.
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