Ergoteles LLC Makes New $267,000 Investment in TimkenSteel Co. (NYSE:TMST)

Ergoteles LLC bought a new position in shares of TimkenSteel Co. (NYSE:TMSTGet Rating) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,790 shares of the basic materials company’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of TimkenSteel by 107.4% in the third quarter. Russell Investments Group Ltd. now owns 156,005 shares of the basic materials company’s stock valued at $2,337,000 after purchasing an additional 80,786 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of TimkenSteel by 75.6% in the third quarter. Pacer Advisors Inc. now owns 613,717 shares of the basic materials company’s stock valued at $9,200,000 after purchasing an additional 264,203 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of TimkenSteel by 26.0% in the third quarter. Brown Advisory Inc. now owns 92,850 shares of the basic materials company’s stock valued at $1,392,000 after purchasing an additional 19,162 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of TimkenSteel in the third quarter valued at about $166,000. Finally, Fox Run Management L.L.C. bought a new stake in TimkenSteel during the second quarter worth about $615,000. 81.38% of the stock is currently owned by institutional investors.

TimkenSteel Stock Performance

TMST opened at $19.73 on Monday. TimkenSteel Co. has a 52-week low of $14.09 and a 52-week high of $26.23. The firm has a market capitalization of $866.15 million, a PE ratio of 18.27 and a beta of 1.73. The business’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $17.71.

TimkenSteel (NYSE:TMSTGet Rating) last released its earnings results on Friday, February 24th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.16. TimkenSteel had a return on equity of 14.83% and a net margin of 4.90%. The business had revenue of $245.40 million for the quarter, compared to analyst estimates of $321.40 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. TimkenSteel’s revenue was down 27.5% on a year-over-year basis. On average, research analysts forecast that TimkenSteel Co. will post 1.25 earnings per share for the current year.

TimkenSteel Company Profile

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TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. The firm’s products includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels.

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Institutional Ownership by Quarter for TimkenSteel (NYSE:TMST)

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