Stratos Wealth Partners LTD. lowered its stake in TimkenSteel Co. (NYSE:TMST) by 46.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,233 shares of the basic materials company’s stock after selling 9,000 shares during the period. Stratos Wealth Partners LTD.’s holdings in TimkenSteel were worth $120,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in TMST. Metropolitan Life Insurance Co NY lifted its position in shares of TimkenSteel by 34.0% in the first quarter. Metropolitan Life Insurance Co NY now owns 13,135 shares of the basic materials company’s stock worth $142,000 after buying an additional 3,331 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of TimkenSteel by 11.7% in the third quarter. Van ECK Associates Corp now owns 31,655 shares of the basic materials company’s stock worth $112,000 after buying an additional 3,320 shares during the last quarter. Fruth Investment Management lifted its position in shares of TimkenSteel by 142.4% in the fourth quarter. Fruth Investment Management now owns 40,850 shares of the basic materials company’s stock worth $190,000 after buying an additional 24,000 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of TimkenSteel by 115.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 214,026 shares of the basic materials company’s stock worth $1,000,000 after buying an additional 114,726 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of TimkenSteel in the fourth quarter worth about $161,000. 58.85% of the stock is owned by institutional investors.
TMST stock opened at $14.46 on Wednesday. TimkenSteel Co. has a 1-year low of $2.53 and a 1-year high of $15.50. The firm has a market cap of $659.40 million, a P/E ratio of -4.85 and a beta of 1.91. The business’s 50 day moving average is $11.69 and its 200-day moving average is $7.35. The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 0.04.
Several research firms recently weighed in on TMST. Zacks Investment Research cut TimkenSteel from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp boosted their price objective on TimkenSteel from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, TheStreet raised TimkenSteel from a “d+” rating to a “c-” rating in a research report on Wednesday, April 21st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.83.
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company operates in SBQ Steel Bar, Seamless Mechanical Steel Tubes, and Billets; and Value-added Precision Products and Services segments. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets, as well as supplies machining and thermal treatment services.
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