Caxton Associates LLP Takes $351,000 Position in Metallus Inc. $MTUS

Key Points

• Caxton Associates LLP has acquired a new position in Metallus Inc. by purchasing 26,251 shares, valued at approximately $351,000, representing about 0.06% ownership of the company.
• Wall Street analysts have rated Metallus with an average rating of "Moderate Buy" and set a price target of $24.00, indicating positive growth expectations.
• Insider trades revealed significant shares sold by executives, including CAO Nicholas A. Yacobozzi, who sold 21,974 shares at an average price of $18.00, indicating potential changes in insider sentiment about the stock.

Caxton Associates LLP acquired a new position in Metallus Inc. (NYSE:MTUS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,251 shares of the company's stock, valued at approximately $351,000. Caxton Associates LLP owned 0.06% of Metallus as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Metallus by 68.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company's stock worth $25,885,000 after buying an additional 784,804 shares during the period. American Century Companies Inc. lifted its stake in shares of Metallus by 9.5% in the 1st quarter. American Century Companies Inc. now owns 1,441,326 shares of the company's stock valued at $19,256,000 after purchasing an additional 125,034 shares during the period. Systematic Financial Management LP lifted its stake in shares of Metallus by 13.2% in the 1st quarter. Systematic Financial Management LP now owns 1,308,514 shares of the company's stock valued at $17,482,000 after purchasing an additional 152,217 shares during the period. Invenomic Capital Management LP purchased a new position in shares of Metallus in the 1st quarter valued at approximately $8,701,000. Finally, Northern Trust Corp lifted its stake in shares of Metallus by 27.8% in the 4th quarter. Northern Trust Corp now owns 518,790 shares of the company's stock valued at $7,331,000 after purchasing an additional 112,758 shares during the period. Hedge funds and other institutional investors own 77.58% of the company's stock.

Insider Activity

In other news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $395,532.00. Following the transaction, the chief accounting officer directly owned 48,889 shares in the company, valued at $880,002. The trade was a 31.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kristine C. Syrvalin sold 7,500 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president owned 97,410 shares in the company, valued at $1,558,560. The trade was a 7.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,974 shares of company stock valued at $786,532 in the last ninety days. Corporate insiders own 3.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTUS. Northcoast Research began coverage on Metallus in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 target price for the company. Wall Street Zen upgraded Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

Metallus Stock Up 1.3%

Shares of Metallus stock traded up $0.21 on Thursday, reaching $16.69. The company's stock had a trading volume of 275,448 shares, compared to its average volume of 264,151. The company has a market capitalization of $698.14 million, a price-to-earnings ratio of -32.73, a P/E/G ratio of 1.86 and a beta of 1.46. The firm's fifty day simple moving average is $16.27 and its two-hundred day simple moving average is $14.54. Metallus Inc. has a 52 week low of $10.78 and a 52 week high of $18.17.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. Metallus had a positive return on equity of 0.56% and a negative net margin of 2.12%.The company had revenue of $304.60 million during the quarter, compared to analyst estimates of $297.83 million. As a group, research analysts predict that Metallus Inc. will post 0.66 EPS for the current year.

About Metallus

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.