Schwab Charles Investment Management Inc. raised its holdings in shares of Haynes International, Inc. (NASDAQ:HAYN) by 27.1% during the third quarter, Holdings Channel reports. The fund owned 81,733 shares of the basic materials company’s stock after buying an additional 17,403 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Haynes International were worth $2,936,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Alliancebernstein L.P. grew its holdings in shares of Haynes International by 5.5% in the second quarter. Alliancebernstein L.P. now owns 13,433 shares of the basic materials company’s stock worth $488,000 after purchasing an additional 700 shares during the last quarter. Boston Partners grew its holdings in shares of Haynes International by 141.8% in the third quarter. Boston Partners now owns 295,230 shares of the basic materials company’s stock worth $10,602,000 after purchasing an additional 173,120 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Haynes International by 1,968.2% in the third quarter. Wells Fargo & Company MN now owns 191,428 shares of the basic materials company’s stock worth $6,875,000 after purchasing an additional 182,172 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Haynes International by 799.6% in the second quarter. JPMorgan Chase & Co. now owns 18,064 shares of the basic materials company’s stock worth $656,000 after purchasing an additional 16,056 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Haynes International by 9.0% in the third quarter. Gamco Investors INC. ET AL now owns 130,795 shares of the basic materials company’s stock worth $4,697,000 after purchasing an additional 10,800 shares during the last quarter.

In other Haynes International news, Director Dawne S. Hickton purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $31.50 per share, with a total value of $63,000.00. Following the completion of the purchase, the director now directly owns 5,300 shares of the company’s stock, valued at approximately $166,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.41% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on HAYN. BidaskClub upgraded shares of Haynes International from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. KeyCorp restated a “hold” rating on shares of Haynes International in a report on Thursday, November 16th. Finally, Zacks Investment Research upgraded shares of Haynes International from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.50.

Haynes International, Inc. (NASDAQ HAYN) opened at $35.39 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 6.49 and a debt-to-equity ratio of 0.02. Haynes International, Inc. has a fifty-two week low of $28.97 and a fifty-two week high of $43.95. The stock has a market cap of $443.09, a P/E ratio of -42.64 and a beta of 1.48.

Haynes International (NASDAQ:HAYN) last issued its earnings results on Thursday, November 16th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.06). Haynes International had a negative return on equity of 3.05% and a negative net margin of 2.58%. The firm had revenue of $100.80 million during the quarter, compared to the consensus estimate of $100.19 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. research analysts forecast that Haynes International, Inc. will post 0.28 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/16/schwab-charles-investment-management-inc-acquires-17403-shares-of-haynes-international-inc-hayn.html.

About Haynes International

Haynes International, Inc (Haynes) is a producer of nickel- and cobalt-based alloys in flat product forms, such as sheet, coil and plate forms. The Company also produces its products as seamless and welded tubulars, and in slab, bar, billet and wire forms. It focuses on developing, manufacturing, marketing and distributing alloys, which are sold in the aerospace, chemical processing and industrial gas turbine industries.

Want to see what other hedge funds are holding HAYN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Haynes International, Inc. (NASDAQ:HAYN).

Institutional Ownership by Quarter for Haynes International (NASDAQ:HAYN)

Receive News & Ratings for Haynes International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haynes International and related companies with MarketBeat.com's FREE daily email newsletter.