Bank of New York Mellon Corp Invests $4.30 Million in Metallus Inc. $MTUS

Key Points

• Bank of New York Mellon Corp. bought 230,297 Metallus shares worth approximately $4.30 million in the second quarter, giving it a 0.55% stake. Institutional investors and hedge funds collectively own 77.58% of the company.
• Analysts maintain a cautious outlook, with three firms rating Metallus “Hold” and the stock carrying an average “Hold” rating from MarketBeat.
• Metallus reported quarterly EPS of $0.26, exceeding estimates of $0.24, but revenue of $261.4 million fell short of the $330.85 million consensus forecast. Shares opened at $19.92, within a 52-week range of $14.19 to $22.58.

Bank of New York Mellon Corp purchased a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 230,297 shares of the company's stock, valued at approximately $4,304,000. Bank of New York Mellon Corp owned 0.55% of Metallus as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MTUS. OpenArc Corporate Advisory LLC bought a new position in Metallus in the 4th quarter valued at about $7,026,000. Emerald Advisers LLC acquired a new position in shares of Metallus in the first quarter valued at approximately $6,146,000. Donald Smith & CO. Inc. increased its stake in shares of Metallus by 49.6% during the fourth quarter. Donald Smith & CO. Inc. now owns 963,671 shares of the company's stock worth $16,537,000 after purchasing an additional 319,465 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in shares of Metallus during the first quarter worth approximately $3,887,000. Finally, Ameriprise Financial Inc. lifted its holdings in Metallus by 51.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company's stock worth $10,099,000 after purchasing an additional 221,828 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company's stock.

Analysts Set New Price Targets

MTUS has been the subject of a number of research reports. Weiss Ratings raised Metallus from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 8th. KeyCorp restated a "sector weight" rating on shares of Metallus in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Metallus has an average rating of "Hold".

Metallus Stock Performance

Shares of MTUS opened at $19.92 on Friday. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $22.58. The firm has a market cap of $825.68 million, a price-to-earnings ratio of 104.85, a PEG ratio of 1.60 and a beta of 1.36. The business's fifty day moving average is $19.92 and its 200-day moving average is $18.74.

Metallus (NYSE:MTUS - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The firm had revenue of $261.40 million for the quarter, compared to analyst estimates of $330.85 million. As a group, research analysts forecast that Metallus Inc. will post 0.83 EPS for the current fiscal year.

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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