Texas Permanent School Fund Increases Holdings in TimkenSteel Co. (NYSE:TMST)

Texas Permanent School Fund grew its holdings in shares of TimkenSteel Co. (NYSE:TMSTGet Rating) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,993 shares of the basic materials company’s stock after purchasing an additional 837 shares during the quarter. Texas Permanent School Fund owned approximately 0.06% of TimkenSteel worth $561,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TMST. State Street Corp grew its stake in shares of TimkenSteel by 30.4% during the 1st quarter. State Street Corp now owns 3,715,946 shares of the basic materials company’s stock worth $81,305,000 after acquiring an additional 865,868 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of TimkenSteel by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,888,906 shares of the basic materials company’s stock worth $63,209,000 after acquiring an additional 43,865 shares during the period. Invesco Ltd. grew its stake in shares of TimkenSteel by 26.7% during the 1st quarter. Invesco Ltd. now owns 1,399,149 shares of the basic materials company’s stock worth $30,614,000 after acquiring an additional 294,913 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TimkenSteel during the 1st quarter worth $23,874,000. Finally, Renaissance Technologies LLC grew its stake in shares of TimkenSteel by 30.6% during the 1st quarter. Renaissance Technologies LLC now owns 537,446 shares of the basic materials company’s stock worth $11,759,000 after acquiring an additional 125,881 shares during the period. 80.61% of the stock is owned by hedge funds and other institutional investors.

TimkenSteel Stock Up 0.3 %

Shares of NYSE TMST opened at $18.98 on Tuesday. TimkenSteel Co. has a 52 week low of $12.67 and a 52 week high of $26.23. The business has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $18.12. The company has a market cap of $844.02 million, a P/E ratio of 6.54 and a beta of 1.74.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on TimkenSteel in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

TimkenSteel Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for TimkenSteel (NYSE:TMST)

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