American International Group Inc. decreased its holdings in TimkenSteel Co. (NYSE:TMST – Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,110 shares of the basic materials company’s stock after selling 751 shares during the quarter. American International Group Inc. owned 0.05% of TimkenSteel worth $498,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in TimkenSteel by 148.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the basic materials company’s stock worth $29,000 after buying an additional 941 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in TimkenSteel by 58.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 3,067 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,135 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in TimkenSteel during the 1st quarter worth approximately $81,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in TimkenSteel during the 2nd quarter worth approximately $84,000. Finally, UBS Group AG grew its position in TimkenSteel by 27.4% during the 4th quarter. UBS Group AG now owns 9,581 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 2,061 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of TimkenSteel in a research report on Thursday, October 5th. They set a “hold” rating on the stock.
TimkenSteel Stock Performance
NYSE TMST opened at $20.84 on Friday. TimkenSteel Co. has a twelve month low of $15.59 and a twelve month high of $23.49. The stock has a market cap of $899.35 million, a price-to-earnings ratio of 30.65, a PEG ratio of 0.76 and a beta of 1.75. The firm’s 50 day moving average price is $20.65 and its two-hundred day moving average price is $20.41.
TimkenSteel Company Profile
TimkenSteel Corporation engages in manufacture and sale of 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. Its 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.
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