Posted by admin on Aug 18th, 2022
Qube Research & Technologies Ltd acquired a new stake in shares of TimkenSteel Co. (NYSE:TMST – Get Rating) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 49,070 shares of the basic materials company’s stock, valued at approximately $1,074,000. Qube Research & Technologies Ltd owned approximately 0.11% of TimkenSteel as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TMST. Aigen Investment Management LP acquired a new stake in TimkenSteel in the first quarter valued at approximately $248,000. Boston Partners boosted its stake in TimkenSteel by 55.1% in the fourth quarter. Boston Partners now owns 16,054 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 5,702 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in TimkenSteel by 856.2% in the fourth quarter. First Eagle Investment Management LLC now owns 44,672 shares of the basic materials company’s stock valued at $737,000 after acquiring an additional 40,000 shares in the last quarter. Rhumbline Advisers boosted its stake in TimkenSteel by 0.9% in the fourth quarter. Rhumbline Advisers now owns 123,295 shares of the basic materials company’s stock valued at $2,034,000 after acquiring an additional 1,062 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of TimkenSteel by 5.1% in the first quarter. New York State Teachers Retirement System now owns 85,880 shares of the basic materials company’s stock worth $1,879,000 after buying an additional 4,173 shares during the last quarter. 75.88% of the stock is currently owned by institutional investors.
Shares of TimkenSteel stock opened at $16.71 on Thursday. TimkenSteel Co. has a 1 year low of $12.04 and a 1 year high of $26.23. The firm has a fifty day moving average price of $18.65 and a 200 day moving average price of $19.57. The stock has a market cap of $772.42 million, a PE ratio of 4.05 and a beta of 1.76.
A number of research firms have issued reports on TMST. StockNews.com cut shares of TimkenSteel from a “buy” rating to a “hold” rating in a report on Monday, August 8th. KeyCorp reduced their target price on shares of TimkenSteel from $27.00 to $24.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th.
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets, as well as supplies machining and thermal treatment services. The company's products are used in gears; hubs; axles; crankshafts and connecting rods; oil country drill pipes; bits and collars; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.
Receive News & Ratings for TimkenSteel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TimkenSteel and related companies with MarketBeat.com's FREE daily email newsletter.
Hawthorn Bancshares, Inc. (NASDAQ:HWBK) Sees Large Decrease in Short Interest
Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by Chemistry Wealth Management LLC