Metallus Inc. $MTUS Stake Lowered by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC reduced its stake in Metallus Inc. by 37.4%, leaving it with approximately $5.83 million in stock holdings.
• Several other institutional investors have also adjusted their positions, with American Century Companies Inc. increasing its stake by 9.5% during the same period.
• Metallus recently reported a positive earnings surprise, with $0.20 earnings per share for the quarter, surpassing analyst expectations of $0.16.

Bridgeway Capital Management LLC cut its holdings in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 37.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 436,089 shares of the company's stock after selling 260,611 shares during the quarter. Bridgeway Capital Management LLC owned about 1.04% of Metallus worth $5,826,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after acquiring an additional 978 shares during the period. CWM LLC boosted its holdings in shares of Metallus by 60.2% in the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock valued at $46,000 after purchasing an additional 1,286 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Metallus by 103.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after buying an additional 2,431 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Metallus during the 1st quarter worth $67,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Metallus in the 1st quarter worth $142,000. Hedge funds and other institutional investors own 77.58% of the company's stock.

Metallus Stock Up 1.4%

Shares of MTUS traded up $0.23 during trading on Wednesday, reaching $16.55. The company's stock had a trading volume of 47,825 shares, compared to its average volume of 368,172. The company has a market cap of $692.22 million, a price-to-earnings ratio of -32.43, a P/E/G ratio of 1.90 and a beta of 1.46. The company has a fifty day moving average of $16.22 and a two-hundred day moving average of $14.47. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $18.17.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $304.60 million for the quarter, compared to analysts' expectations of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. As a group, equities analysts forecast that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Insider Buying and Selling at Metallus

In related news, EVP Kristine C. Syrvalin sold 7,500 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the transaction, the executive vice president directly owned 89,910 shares in the company, valued at $1,618,380. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of Metallus stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $395,532.00. Following the completion of the transaction, the chief accounting officer directly owned 48,889 shares of the company's stock, valued at approximately $880,002. This represents a 31.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,974 shares of company stock worth $786,532 over the last quarter. 3.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Northcoast Research began coverage on Metallus in a research note on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price target for the company. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.