Published on 4 Dec 2023 on Simply Wall St. via Yahoo Finance
TimkenSteel Corporation (NYSE:TMST) is favoured by institutional owners who hold 79% of the company
Key Insights
Institutions' substantial holdings in TimkenSteel implies that they have significant influence over the company's share priceThe top 10 shareholders own 51% of the company Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
Every investor in TimkenSteel Corporation (NYSE:TMST) should be aware of the most powerful shareholder groups. With 79% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.