D. E. Shaw & Co. Inc. Sells 76,938 Shares of Metallus Inc. (NYSE:MTUS)

D. E. Shaw & Co. Inc. reduced its position in Metallus Inc. (NYSE:MTUS - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 148,599 shares of the company's stock after selling 76,938 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.35% of Metallus worth $2,100,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi increased its stake in shares of Metallus by 207.8% in the fourth quarter. Amundi now owns 23,845 shares of the company's stock valued at $320,000 after buying an additional 16,097 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Metallus by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 202,805 shares of the company's stock valued at $2,866,000 after buying an additional 3,511 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Metallus by 2.8% in the fourth quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock valued at $1,772,000 after buying an additional 3,386 shares in the last quarter. Barclays PLC increased its stake in shares of Metallus by 72.7% in the fourth quarter. Barclays PLC now owns 120,045 shares of the company's stock valued at $1,697,000 after buying an additional 50,543 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Metallus in the fourth quarter worth about $236,000. 77.58% of the stock is owned by institutional investors.

Metallus Stock Performance

Metallus stock traded down $0.17 during midday trading on Friday, reaching $12.32. The stock had a trading volume of 361,479 shares, compared to its average volume of 365,259. The firm's fifty day simple moving average is $12.92 and its 200-day simple moving average is $14.32. Metallus Inc. has a 1-year low of $10.78 and a 1-year high of $24.28. The stock has a market capitalization of $518.60 million, a P/E ratio of 23.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $280.50 million for the quarter, compared to analyst estimates of $264.03 million. Metallus had a return on equity of 6.15% and a net margin of 2.05%. The firm's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. On average, sell-side analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Sidoti upgraded Metallus to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen cut Metallus from a "hold" rating to a "sell" rating in a report on Thursday.

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.