TimkenSteel Corporation (NYSE:TMST) is on recovery track with 2.8% gain from a 1-year low price of $12.48. The company lost -13.95% to attain the price of $12.83 on 12/06/2017. Throughout the recent session, the prices were hovering between $12.54 and $14.37. These shares are 53.31% off its target price of $19.67 and the current market capitalization stands at $567.21M. The recent change has given its price a -18.15% deficit over SMA 50 and -44.22% deficit over its 52-week high. The stock witnessed -12.06% declines, -15.7% declines and -7.83% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TMST’s volatility during a week at 6.23% and during a month it has been found around 4.41%.TimkenSteel Corporation (TMST) Top Holders
Institutional investors currently hold around $495 million or 81% in TMST stock. Look at its top three institutional owners. Blackrock Inc. owns $77.91 million in TimkenSteel Corporation, which represents roughly 13.73% of the company’s market cap and approximately 15.74% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 3,313,132 shares of the stock are valued at $49.4 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $48.24 million worth of this stock and that ownership represents nearly 8.5% of its market capitalization.
At the end of 09/30/2017 reporting period, 73 institutional holders increased their position in TimkenSteel Corporation (NYSE:TMST) by some 2,643,730 shares, 78 decreased positions by 4,072,788 and 36 held positions by 26,472,524. That puts total institutional holdings at 33,189,042 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 534,512 shares while 15 institutional investors sold out their entire positions totaling 332,103 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 Beskid Tina M has sold 2,548 shares of TimkenSteel Corporation (TMST) in trading session dated Nov. 17, 2017. These shares are worth $34,857 and were traded at $13.68 each. The SEC filing shows that Rice Ronald A performed a purchase of 10,000 shares. The Director added these shares by way of transaction on Feb. 28, 2017. The company’s shares were assimilated at $21.35 per share worth to an investment of some $213,500 on account of Rice Ronald A.
President, CEO, Chairman, Timken Ward J Jr, purchased 20,000 common shares of TimkenSteel Corporation (TMST) in the open market. In a transaction dated May. 25, 2016, the shares were bought at an average price of $9, giving away a sum of $180,000. After this purchase, 323,846 common shares of TMST are directly owned by the insider, with total stake valued at $4,154,944.
In the transaction dated May. 10, 2016, the great number of shares acquired came courtesy the Director; Rice Ronald A added a total of 5,000 shares at an average price of $11.13, amounting to approximately $55,650. The insider now directly owns 23,593 shares worth $302,698.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.