JPMorgan Chase & Co. cut shares of Haynes International Inc. (NASDAQ:HAYN) from an overweight rating to a neutral rating in a research note released on Wednesday morning.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Haynes International from a hold rating to a strong sell rating in a report on Wednesday, October 5th. Rosenblatt Securities cut shares of Haynes International from a buy rating to a neutral rating and set a $39.00 target price for the company. in a report on Monday, August 29th.

Haynes International (NASDAQ:HAYN) traded up 0.26% during mid-day trading on Wednesday, reaching $37.94. 41,807 shares of the company’s stock traded hands. Haynes International has a 1-year low of $25.53 and a 1-year high of $43.22. The firm has a 50 day moving average of $35.63 and a 200 day moving average of $34.78. The firm has a market cap of $473.91 billion, a PE ratio of 8.86 and a beta of 1.53.

Several large investors have recently bought and sold shares of the stock. Credit Suisse AG increased its stake in Haynes International by 52.0% in the third quarter. Credit Suisse AG now owns 16,247 shares of the company’s stock worth $604,000 after buying an additional 5,559 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Haynes International during the third quarter worth $327,000. Citadel Advisors LLC increased its stake in Haynes International by 64.3% in the third quarter. Citadel Advisors LLC now owns 33,202 shares of the company’s stock worth $1,232,000 after buying an additional 12,992 shares during the last quarter. Morgan Stanley increased its stake in Haynes International by 835.2% in the third quarter. Morgan Stanley now owns 5,611 shares of the company’s stock worth $208,000 after buying an additional 5,011 shares during the last quarter. Finally, 1492 Capital Management LLC bought a new stake in Haynes International during the third quarter worth $217,000.

Haynes International Company Profile

Haynes International, Inc produces nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company operates through the segment of design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries.

5 Day Chart for NASDAQ:HAYN

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