90,618 Shares in Metallus Inc. $MTUS Purchased by Orchard Capital Management LLC

Key Points

• Orchard Capital Management acquired 90,618 shares of Metallus (NYSE:MTUS) in Q3 — about $1.5M — making the stake 1.3% of the fund and leaving Orchard with ~0.22% ownership; institutional investors now own 77.58% of the company.
• Metallus missed its most recent quarter (EPS $(0.18) vs $0.05 estimate; revenue $267.3M vs $290.8M), has a negative P/E, and analysts’ consensus rating is Reduce with a $24 target.
• Company insiders have been net sellers — COO Kristopher R. Westbrooks sold 2,128 shares on Feb 4 and insiders disposed of 16,104 shares over the past three months, leaving insiders with 3.60% ownership.

Orchard Capital Management LLC acquired a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 90,618 shares of the company's stock, valued at approximately $1,498,000. Metallus makes up about 1.3% of Orchard Capital Management LLC's portfolio, making the stock its 23rd biggest position. Orchard Capital Management LLC owned approximately 0.22% of Metallus at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in Metallus by 4.2% in the second quarter. American Century Companies Inc. now owns 1,501,577 shares of the company's stock worth $23,139,000 after purchasing an additional 60,251 shares during the period. Donald Smith & CO. Inc. bought a new stake in shares of Metallus during the 2nd quarter valued at $8,575,000. Systematic Financial Management LP boosted its holdings in shares of Metallus by 7.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company's stock valued at $21,620,000 after buying an additional 94,455 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Metallus in the 2nd quarter worth about $1,138,000. Finally, Strs Ohio increased its stake in shares of Metallus by 235.1% in the 3rd quarter. Strs Ohio now owns 38,200 shares of the company's stock worth $631,000 after acquiring an additional 26,800 shares in the last quarter. Institutional investors own 77.58% of the company's stock.

Insider Activity at Metallus

In other news, COO Kristopher R. Westbrooks sold 2,128 shares of the business's stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the transaction, the chief operating officer owned 189,076 shares in the company, valued at $4,023,537.28. The trade was a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 16,104 shares of company stock valued at $328,592. 3.60% of the stock is currently owned by company insiders.

Metallus Stock Performance

Shares of NYSE MTUS opened at $17.79 on Friday. The firm's 50 day moving average price is $19.29 and its 200-day moving average price is $17.75. The company has a market cap of $742.38 million, a PE ratio of -592.80, a P/E/G ratio of 1.24 and a beta of 1.43. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $21.73.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.23). Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. The firm had revenue of $267.30 million for the quarter, compared to the consensus estimate of $290.83 million. On average, analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MTUS shares. Zacks Research lowered shares of Metallus from a "hold" rating to a "strong sell" rating in a research note on Monday. Wall Street Zen cut Metallus from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Metallus in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Metallus presently has an average rating of "Reduce" and a consensus target price of $24.00.

Metallus Profile

Metallus, Inc NYSE: MTUS is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.

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