Geode Capital Management LLC raised its position in shares of Timken Steel Corporation (NYSE:TMST) by 10.6% during the first quarter, Holdings Channel reports. The fund owned 300,327 shares of the basic materials company’s stock after buying an additional 28,666 shares during the period. Geode Capital Management LLC’s holdings in Timken Steel Corporation were worth $5,679,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of Timken Steel Corporation by 209.4% in the first quarter. Acrospire Investment Management LLC now owns 8,090 shares of the basic materials company’s stock worth $153,000 after buying an additional 5,475 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Timken Steel Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company’s stock worth $172,000 after buying an additional 596 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Timken Steel Corporation during the first quarter worth approximately $256,000. Marshall Wace North America L.P. acquired a new stake in shares of Timken Steel Corporation during the first quarter worth approximately $256,000. Finally, Capital One National Association acquired a new stake in shares of Timken Steel Corporation during the first quarter worth approximately $285,000. Institutional investors own 74.71% of the company’s stock.

Timken Steel Corporation (NYSE:TMST) traded down 4.69% during mid-day trading on Friday, reaching $15.24. 134,609 shares of the company were exchanged. Timken Steel Corporation has a one year low of $8.36 and a one year high of $23.00. The stock’s market capitalization is $677.02 million. The stock has a 50 day moving average of $15.48 and a 200-day moving average of $16.26.

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A number of brokerages recently commented on TMST. BidaskClub cut shares of Timken Steel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company set a $23.00 price target on shares of Timken Steel Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. ValuEngine upgraded shares of Timken Steel Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, May 26th. TheStreet cut shares of Timken Steel Corporation from a “c-” rating to a “d+” rating in a research note on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.83.

Timken Steel Corporation Company Profile

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.

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Institutional Ownership by Quarter for Timken Steel Corporation (NYSE:TMST)

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