Geode Capital Management LLC Acquires 5,767 Shares of Haynes International, Inc. (NASDAQ:HAYN)

Geode Capital Management LLC grew its holdings in shares of Haynes International, Inc. (NASDAQ:HAYN) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,479 shares of the basic materials company’s stock after acquiring an additional 5,767 shares during the quarter. Geode Capital Management LLC’s holdings in Haynes International were worth $17,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gabelli Funds LLC raised its stake in Haynes International by 29.5% in the second quarter. Gabelli Funds LLC now owns 179,371 shares of the basic materials company’s stock valued at $10,529,000 after purchasing an additional 40,904 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Haynes International by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,923 shares of the basic materials company’s stock worth $9,446,000 after buying an additional 4,153 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Haynes International by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 39,983 shares of the basic materials company’s stock worth $2,347,000 after buying an additional 1,245 shares during the last quarter. Anson Funds Management LP purchased a new stake in shares of Haynes International during the 3rd quarter valued at $1,445,000. Finally, Cornercap Investment Counsel Inc. bought a new stake in shares of Haynes International during the 2nd quarter worth $526,000. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Haynes International Stock Up 0.0 %

Shares of NASDAQ:HAYN opened at $60.99 on Friday. The stock has a market capitalization of $779.45 million, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 0.85 and a beta of 1.39. The stock’s 50-day moving average price is $60.78 and its 200-day moving average price is $59.84. The company has a current ratio of 7.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.22. Haynes International, Inc. has a 12-month low of $47.69 and a 12-month high of $61.01.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Haynes International in a research note on Saturday. They set a “hold” rating for the company.

Haynes International Company 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, China, and internationally. The company offers high-temperature resistant alloys used by manufacturers of equipment, including jet engines for the aerospace market, gas turbine engines for power generation, and industrial heating equipment.