Two Sigma Investments LP bought a new position in Haynes International, Inc. (NASDAQ:HAYN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,081 shares of the basic materials company’s stock, valued at approximately $266,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in HAYN. Bank of New York Mellon Corp boosted its holdings in shares of Haynes International by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 201,069 shares of the basic materials company’s stock worth $7,138,000 after buying an additional 6,834 shares during the period. BlackRock Inc. boosted its holdings in shares of Haynes International by 5.5% in the third quarter. BlackRock Inc. now owns 1,827,333 shares of the basic materials company’s stock worth $64,869,000 after buying an additional 94,812 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Haynes International by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,052,529 shares of the basic materials company’s stock worth $37,365,000 after buying an additional 8,396 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Haynes International in the third quarter worth about $235,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Haynes International in the third quarter worth about $355,000. Institutional investors own 99.22% of the company’s stock.
HAYN stock opened at $33.93 on Monday. The company has a quick ratio of 1.35, a current ratio of 5.98 and a debt-to-equity ratio of 0.03. The company has a market cap of $424.80 million, a P/E ratio of -484.71 and a beta of 1.79. Haynes International, Inc. has a 52 week low of $24.46 and a 52 week high of $44.10.
Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Thursday, January 31st. The basic materials company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). The business had revenue of $107.07 million during the quarter, compared to analysts’ expectations of $104.63 million. Haynes International had a negative net margin of 0.18% and a positive return on equity of 0.02%. As a group, analysts anticipate that Haynes International, Inc. will post 1.39 earnings per share for the current year.
Several brokerages have commented on HAYN. Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Thursday, January 24th. BidaskClub upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, ValuEngine upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a report on Monday, March 25th.
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Haynes International Profile
Haynes International, Inc develops, manufactures, markets, and distributes nickel and cobalt-based alloys in sheet, coil, and plate forms in the United States, Europe, Asia, and internationally. The company offers high-temperature resistant alloys (HTA) and corrosion-resistant alloys (CRA). Its HTA products are used by manufacturers of equipment, including jet engines for the aerospace market; gas turbine engines for power generation and waste incineration; and industrial heating equipment.
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