Force Capital Management Exits Position in Timkensteel Corp (TMST)

Timkensteel Corp (TMST) : Force Capital Management has sold out all of its stake in Timkensteel Corp during the Q4 period, according to the information disclosed to the SEC. The investment management company has sold out 235,448 shares of Timkensteel Corp which is valued at $2.2 Million. Other Hedge Funds, Including , Perkins Investment Management sold out all of its stake in TMST during the fourth quarter. The investment firm sold 824,257 shares of TMST which is valued $7.6 Million.Van Eck Associates Corp reduced its stake in TMST by selling 4,052 shares or 8.01% during the fourth quarter. The Hedge Fund company now holds 46,505 shares of TMST which is valued at $427,381. Bogle Investment Management L P De added TMST to its portfolio by purchasing 407,075 company shares during the Fourth Quarter which is valued at $3.7 Million. Timkensteel Corp makes up approx 0.27% of Bogle Investment Management L P De’s portfolio. Cortina Asset Management sold out all of its stake in TMST during the fourth quarter. The investment firm sold 171,367 shares of TMST which is valued $1.6 Million.Blackrock Institutional Trust Company N.a. boosted its stake in TMST during the Q4 period, The investment management firm added 16,020 additional shares and now holds a total of 931,099 shares of Timkensteel Corp which is valued at $8.6 Million. On the company’s financial health, Timkensteel Corp reported $-0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $-0.68. The company had revenue of $206.60 million for the quarter, compared to analysts expectations of $191.33 million. The company’s revenue was down -49.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 EPS. Many Wall Street Analysts have commented on Timkensteel Corp. Shares were Reiterated by Cowen on Feb 3, 2016 to “Market Perform” and Lowered the Price Target to $ 8 from a previous price target of $12 .Timkensteel Corp was Downgraded by Jefferies to ” Hold” on Jan 13, 2016. Timkensteel Corp closed down -0.44 points or -4.78% at $8.77 with 4,65,137 shares getting traded on Monday. Post opening the session at $9.24, the shares hit an intraday low of $8.73 and an intraday high of $9.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red. TimkenSteel Corporation manufactures alloy steel as well as carbon and micro-alloy steel with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition it supplies machining and thermal treatment services and manages raw material recycling programs which are used as a feeder system for the Company’s operations. Its customers are companies in the market sectors including oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture and power generation. The Company’s steels are featured in a variety of end products including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts and anti-friction bearings among others.