Teton Advisors Inc. increased its holdings in shares of Timkensteel Corp (NYSE:TMST) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,000 shares of the basic materials company’s stock after purchasing an additional 4,564 shares during the period. Teton Advisors Inc. owned 0.71% of Timkensteel worth $4,699,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Gamco Investors INC. ET AL boosted its stake in shares of Timkensteel by 5.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,647,276 shares of the basic materials company’s stock worth $24,495,000 after purchasing an additional 83,809 shares during the last quarter. Investment Partners LTD. acquired a new stake in shares of Timkensteel during the 3rd quarter worth about $934,000. Northern Trust Corp boosted its stake in shares of Timkensteel by 1.2% during the 2nd quarter. Northern Trust Corp now owns 925,266 shares of the basic materials company’s stock worth $15,128,000 after purchasing an additional 10,813 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Timkensteel during the 2nd quarter worth about $211,000. Finally, Luminus Management LLC boosted its position in shares of Timkensteel by 14.9% in the second quarter. Luminus Management LLC now owns 981,708 shares of the basic materials company’s stock worth $16,051,000 after acquiring an additional 127,668 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.

TMST has been the topic of several research analyst reports. ValuEngine cut shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Zacks Investment Research cut shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $17.00 target price on shares of Timkensteel in a research report on Friday, July 27th.

Shares of TMST stock opened at $11.38 on Tuesday. The company has a market cap of $516.74 million, a price-to-earnings ratio of -11.38 and a beta of 1.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 2.53. Timkensteel Corp has a fifty-two week low of $10.84 and a fifty-two week high of $20.24.

Timkensteel (NYSE:TMST) last announced its quarterly earnings results on Thursday, October 25th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $409.90 million for the quarter, compared to analysts’ expectations of $422.82 million. Timkensteel had a negative net margin of 1.71% and a negative return on equity of 4.55%. As a group, equities research analysts anticipate that Timkensteel Corp will post 0.18 earnings per share for the current fiscal year.