Hedge Funds Now Own 84.1% Of TimkenSteel Corporation (TMST)

TimkenSteel Corporation (NYSE:TMST) has made a 96.59% comeback from a 12-month low price of $9.385. It was seen 4.95% higher, changing the price to $18.45, when the closing bell rang on 10/24/2017. At recent session, the prices were hovering between $17.6 and $18.51. This company shares are 6.61% off its target price of $19.67 and the current market capitalization stands at $810.69M. The recent change has given its price a 17.88% lead over SMA 50 and -19.78% deficit over its 52-week high. The stock witnessed 17.74% gains, 14.17% gains and 12.23% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TMST’s volatility during a week at 3.29% and during a month it has been found around 3.25%.

TimkenSteel Corporation (TMST) Top Holders

Institutional investors currently hold around $607 million or 84.1% in TMST stock. Look at its top three institutional owners. Blackrock Inc. owns $87.01 million in TimkenSteel Corporation, which represents roughly 10.73% of the company’s market cap and approximately 14.33% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 3,444,679 shares of the stock are valued at $60.56 million. The third largest holder is Vanguard Group Inc, which currently holds $58.59 million worth of this stock and that ownership represents nearly 7.23% of its market capitalization.

TimkenSteel Corporation 13F Filings

At the end of 06/30/2017 reporting period, 75 institutional holders increased their position in TimkenSteel Corporation (NYSE:TMST) by some 3,175,191 shares, 81 decreased positions by 2,703,188 and 38 held positions by 28,634,037. That puts total institutional holdings at 34,512,416 shares, according to SEC filings. The stock grabbed 13 new institutional investments totaling 517,242 shares while 30 institutional investors sold out their entire positions totaling 1,139,060 shares.

TimkenSteel Corporation (NYSE:TMST) Insider Trades

Multiple company employees have indulged in significant insider trading. TimkenSteel Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Rice Ronald A has acquired 10,000 shares of TimkenSteel Corporation (TMST) in trading session dated Feb. 28, 2017. These shares are worth $213,500 and were traded at $21.35 each. The SEC filing shows that Timken Ward J Jr performed a purchase of 20,000 shares. The President, CEO, Chairman added these shares by way of transaction on May. 25, 2016. The company’s shares were assimilated at $9 per share worth to an investment of some $180,000 on account of Timken Ward J Jr.

Director, Rice Ronald A, purchased 5,000 common shares of TimkenSteel Corporation (TMST) in the open market. In a transaction dated May. 10, 2016, the shares were bought at an average price of $11.13, giving away a sum of $55,650. After this purchase, 23,593 common shares of TMST are directly owned by the insider, with total stake valued at $435,291.

In the transaction dated Nov. 24, 2015, the great number of shares acquired came courtesy the President, CEO, Chairman; Timken Ward J Jr added a total of 10,000 shares at an average price of $9.84, amounting to approximately $98,400. The insider now directly owns 304,290 shares worth $5,614,151.

TimkenSteel Corporation (TMST) Analyst Guide

Several analysts have released their opinion on TimkenSteel Corporation (NYSE:TMST), with 2 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.

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