TimkenSteel Co. (NYSE:TMST) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its holdings in TimkenSteel Co. (NYSE:TMST – Get Rating) by 516.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,581 shares of the basic materials company’s stock after purchasing an additional 8,864 shares during the quarter. Tower Research Capital LLC TRC’s holdings in TimkenSteel were worth $158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners boosted its holdings in shares of TimkenSteel by 69.9% during the third quarter. Boston Partners now owns 19,942 shares of the basic materials company’s stock valued at $299,000 after acquiring an additional 8,202 shares during the period. South Dakota Investment Council boosted its holdings in shares of TimkenSteel by 34.3% during the third quarter. South Dakota Investment Council now owns 180,775 shares of the basic materials company’s stock valued at $2,710,000 after acquiring an additional 46,137 shares during the period. Cambria Investment Management L.P. boosted its holdings in shares of TimkenSteel by 82.9% during the third quarter. Cambria Investment Management L.P. now owns 55,424 shares of the basic materials company’s stock valued at $831,000 after acquiring an additional 25,114 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of TimkenSteel by 17.4% during the third quarter. Mutual of America Capital Management LLC now owns 8,185 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 1,216 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of TimkenSteel by 3.8% during the third quarter. New York State Common Retirement Fund now owns 67,554 shares of the basic materials company’s stock valued at $1,013,000 after acquiring an additional 2,459 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

TimkenSteel Stock Performance

Shares of TMST opened at $18.74 on Thursday. TimkenSteel Co. has a 1 year low of $14.09 and a 1 year high of $26.23. The company has a market cap of $822.69 million, a price-to-earnings ratio of 17.35 and a beta of 1.73. The firm has a fifty day moving average of $19.10 and a 200-day moving average of $17.74.

TimkenSteel (NYSE:TMST – Get Rating) last posted its quarterly earnings data on Friday, February 24th. The basic materials company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.16. TimkenSteel had a net margin of 4.90% and a return on equity of 14.83%. The business had revenue of $245.40 million during the quarter, compared to the consensus estimate of $321.40 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was down 27.5% compared to the same quarter last year. Analysts predict that TimkenSteel Co. will post 1.25 EPS for the current year.

About TimkenSteel

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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.