Teton Advisors Inc. increased its holdings in shares of Timkensteel Corp (NYSE:TMST) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,000 shares of the basic materials company¡¯s stock after purchasing an additional 4,564 shares during the period. Teton Advisors Inc. owned 0.71% of Timkensteel worth $4,699,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Gamco Investors INC. ET AL boosted its stake in shares of Timkensteel by 5.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,647,276 shares of the basic materials company¡¯s stock worth $24,495,000 after purchasing an additional 83,809 shares during the last quarter. Investment Partners LTD. acquired a new stake in shares of Timkensteel during the 3rd quarter worth about $934,000. Northern Trust Corp boosted its stake in shares of Timkensteel by 1.2% during the 2nd quarter. Northern Trust Corp now owns 925,266 shares of the basic materials company¡¯s stock worth $15,128,000 after purchasing an additional 10,813 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Timkensteel during the 2nd quarter worth about $211,000. Finally, Luminus Management LLC boosted its position in shares of Timkensteel by 14.9% in the second quarter. Luminus Management LLC now owns 981,708 shares of the basic materials company¡¯s stock worth $16,051,000 after acquiring an additional 127,668 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company¡¯s stock.
TMST has been the topic of several research analyst reports. ValuEngine cut shares of Timkensteel from a ¡°hold¡± rating to a ¡°sell¡± rating in a research report on Monday, September 24th. Zacks Investment Research cut shares of Timkensteel from a ¡°hold¡± rating to a ¡°sell¡± rating in a research report on Thursday, September 27th. Finally, Jefferies Financial Group reissued a ¡°hold¡± rating and issued a $17.00 target price on shares of Timkensteel in a research report on Friday, July 27th.
Shares of TMST stock opened at $11.38 on Tuesday. The company has a market cap of $516.74 million, a price-to-earnings ratio of -11.38 and a beta of 1.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 2.53. Timkensteel Corp has a fifty-two week low of $10.84 and a fifty-two week high of $20.24.
Timkensteel (NYSE:TMST) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts¡¯ consensus estimates of ($0.06) by $0.09. The firm had revenue of $409.90 million for the quarter, compared to analysts¡¯ expectations of $422.82 million. Timkensteel had a negative net margin of 1.71% and a negative return on equity of 4.55%. As a group, equities research analysts anticipate that Timkensteel Corp will post 0.18 earnings per share for the current fiscal year.
