Charles Schwab Investment Management Inc. Increases Stake in Metallus Inc. $MTUS

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Metallus Inc. by 14.3%, now holding 516,695 shares valued at approximately $6.90 million.
• Insider trading saw significant sales, with COO Kristopher R. Westbrooks and CAO Nicholas A. Yacobozzi selling a combined total of 25,974 shares on July 23rd, reducing their ownership percentages.
• Analysts have upgraded Metallus to a consensus rating of "Moderate Buy", with a price target of $24.00, following positive quarterly earnings results that exceeded estimates.

Charles Schwab Investment Management Inc. grew its position in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 14.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 516,695 shares of the company's stock after buying an additional 64,743 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.23% of Metallus worth $6,903,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MTUS. GAMMA Investing LLC raised its position in 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 buying an additional 978 shares during the last quarter. CWM LLC grew its stake in shares of Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after purchasing an additional 1,286 shares during the period. 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 worth $67,000 after purchasing an additional 2,431 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Metallus during the 1st quarter worth $67,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Metallus during the 1st quarter worth $142,000. Hedge funds and other institutional investors own 77.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MTUS shares. Northcoast Research started coverage on shares of Metallus in a research note on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price target on the stock. Sidoti raised shares of Metallus to a "hold" rating in a research note on Friday, May 9th. Finally, Wall Street Zen raised shares of 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $24.00.

Insiders Place Their Bets

In other Metallus news, EVP Kristine C. Syrvalin sold 7,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the sale, the executive vice president directly owned 89,910 shares of the company's stock, valued at $1,618,380. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $395,532.00. Following the sale, the chief accounting officer directly owned 48,889 shares in the company, valued at $880,002. This represents a 31.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,974 shares of company stock valued at $786,532 in the last ninety days. Insiders own 3.60% of the company's stock.

Metallus Stock Performance

NYSE MTUS traded down $0.17 during trading hours on Monday, reaching $16.44. The company's stock had a trading volume of 185,065 shares, compared to its average volume of 301,066. The stock has a market cap of $687.45 million, a PE ratio of -32.23, a PEG ratio of 1.86 and a beta of 1.46. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $18.17. The company's 50-day moving average is $16.02 and its two-hundred day moving average is $14.42.

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

Metallus 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.