Municipal Employees Retirement System of Michigan Buys New Holdings in Haynes International, Inc. (HAYN)

Municipal Employees Retirement System of Michigan bought a new position in shares of Haynes International, Inc. (NASDAQ:HAYN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,530 shares of the basic materials company’s stock, valued at approximately $93,000.

Several other hedge funds have also bought and sold shares of the stock. Boston Partners grew its holdings in Haynes International by 41.7% in the 4th quarter. Boston Partners now owns 516,290 shares of the basic materials company’s stock valued at $13,630,000 after buying an additional 151,884 shares in the last quarter. BlackRock Inc. grew its holdings in Haynes International by 5.5% in the 3rd quarter. BlackRock Inc. now owns 1,827,333 shares of the basic materials company’s stock valued at $64,869,000 after buying an additional 94,812 shares in the last quarter. Renaissance Technologies LLC grew 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 buying an additional 38,400 shares in the last quarter. Vanguard Group Inc grew 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 buying an additional 36,334 shares in the last quarter. Finally, Vanguard Group Inc. grew 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 buying an additional 36,334 shares in the last quarter. 99.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ HAYN opened at $33.46 on Friday. The company has a current ratio of 5.98, a quick ratio of 1.35 and a debt-to-equity ratio of 0.03. Haynes International, Inc. has a one year low of $24.46 and a one year high of $44.10. The firm has a market capitalization of $423.22 million, a price-to-earnings ratio of -478.00 and a beta of 1.79.

Haynes International (NASDAQ:HAYN) last issued its quarterly earnings data on Thursday, January 31st. The basic materials company reported ($0.13) EPS for the quarter, meeting analysts’ consensus estimates of ($0.13). Haynes International had a positive return on equity of 0.02% and a negative net margin of 0.18%. The firm had revenue of $107.07 million for the quarter, compared to analyst estimates of $104.63 million. Equities analysts forecast that Haynes International, Inc. will post 1.39 earnings per share for the current fiscal year.

A number of research analysts have commented on HAYN shares. BidaskClub raised Haynes International from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Zacks Investment Research raised Haynes International from a “strong sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, ValuEngine raised Haynes International from a “sell” rating to a “hold” rating in a report on Monday, March 25th.

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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, 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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