GAMMA Investing LLC increased its stake in shares of Worthington Steel, Inc. (NYSE:WS - Free Report) by 1,317.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,656 shares of the company's stock after buying an additional 18,269 shares during the quarter. GAMMA Investing LLC's holdings in Worthington Steel were worth $498,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WS. Anchor Investment Management LLC acquired a new stake in Worthington Steel in the fourth quarter valued at about $32,000. Tower Research Capital LLC TRC lifted its position in shares of Worthington Steel by 82.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the company's stock valued at $132,000 after acquiring an additional 1,883 shares during the period. Voleon Capital Management LP acquired a new stake in shares of Worthington Steel during the 4th quarter valued at approximately $213,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Worthington Steel during the 4th quarter valued at approximately $220,000. Finally, Bank of Montreal Can lifted its position in shares of Worthington Steel by 6.0% during the 4th quarter. Bank of Montreal Can now owns 8,848 shares of the company's stock valued at $282,000 after acquiring an additional 497 shares during the period. Hedge funds and other institutional investors own 45.41% of the company's stock.
Worthington Steel Price Performance
Shares of WS stock traded up $0.57 during midday trading on Monday, reaching $25.06. 262,166 shares of the company traded hands, compared to its average volume of 255,134. The firm's 50 day simple moving average is $25.72 and its two-hundred day simple moving average is $28.07. Worthington Steel, Inc. has a 1-year low of $21.30 and a 1-year high of $47.19. The firm has a market cap of $1.27 billion, a PE ratio of 11.71 and a beta of 1.65.
Analyst Upgrades and Downgrades
Separately, KeyCorp reduced their price target on shares of Worthington Steel from $41.00 to $34.00 and set an "overweight" rating for the company in a research report on Friday, March 7th.
View Our Latest Research Report on WS
Worthington Steel Company Profile
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Free Report)
Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.
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