Two Sigma Advisers LP Lowers Holdings in Haynes International, Inc. (HAYN)

Two Sigma Advisers LP lessened its stake in shares of Haynes International, Inc. (NASDAQ:HAYN) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,954 shares of the basic materials company’s stock after selling 5,297 shares during the period. Two Sigma Advisers LP owned 0.21% of Haynes International worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Haynes International by 45.5% in the 3rd quarter. Renaissance Technologies LLC now owns 122,800 shares of the basic materials company’s stock valued at $4,359,000 after acquiring an additional 38,400 shares during the last quarter. Vanguard Group Inc. raised its holdings in Haynes International by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,687 shares of the basic materials company’s stock valued at $45,323,000 after acquiring an additional 36,334 shares during the last quarter. Arizona State Retirement System raised its holdings in Haynes International by 6.1% in the 4th quarter. Arizona State Retirement System now owns 19,256 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 1,110 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in Haynes International by 46.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,741 shares of the basic materials company’s stock valued at $346,000 after acquiring an additional 3,088 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in Haynes International by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 1,276,687 shares of the basic materials company’s stock valued at $45,323,000 after acquiring an additional 36,334 shares during the last quarter. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Shares of Haynes International stock traded up $0.03 during mid-day trading on Friday, hitting $33.01. The stock had a trading volume of 43,500 shares, compared to its average volume of 52,166. Haynes International, Inc. has a 12-month low of $24.46 and a 12-month high of $44.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.57 and a quick ratio of 1.48. The stock has a market cap of $406.11 million, a price-to-earnings ratio of -469.71 and a beta of 1.75.

Haynes International (NASDAQ:HAYN) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.11). The firm had revenue of $127.47 million during the quarter, compared to analysts’ expectations of $119.64 million. Haynes International had a net margin of 0.58% and a return on equity of 1.12%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company earned ($0.17) EPS. Equities analysts expect that Haynes International, Inc. will post 1.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, May 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.67%. Haynes International’s payout ratio is currently -1,257.14%.

A number of research firms have commented on HAYN. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Finally, ValuEngine raised shares of Haynes International from a “sell” rating to a “hold” rating in a research note on Monday, March 25th.

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About Haynes International

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

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