Goldman Sachs Group Inc. Has $3.06 Million Position in Metallus Inc. $MTUS

Key Points

• Goldman Sachs reduced its stake in Metallus Inc. by 17.5% to approximately $3.06 million, following the sale of 48,466 shares in the first quarter.
• Voya Investment Management LLC significantly increased its holdings in Metallus by 47.1%, while other institutional investors also modified their positions, contributing to a total of 77.58% institutional ownership in the company.
• Analysts now have a consensus rating of "Moderate Buy" for Metallus, with one analyst setting a $24.00 price target for the stock.

Goldman Sachs Group Inc. lessened its holdings in Metallus Inc. (NYSE:MTUS - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,991 shares of the company's stock after selling 48,466 shares during the period. Goldman Sachs Group Inc. owned 0.54% of Metallus worth $3,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Voya Investment Management LLC lifted its stake in shares of Metallus by 47.1% in the 1st quarter. Voya Investment Management LLC now owns 78,811 shares of the company's stock valued at $1,053,000 after purchasing an additional 25,223 shares during the last quarter. Strs Ohio acquired a new stake in shares of Metallus in the 1st quarter valued at $142,000. Empowered Funds LLC lifted its stake in shares of Metallus by 2.1% in the 1st quarter. Empowered Funds LLC now owns 257,889 shares of the company's stock valued at $3,445,000 after purchasing an additional 5,189 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Metallus in the 1st quarter valued at $351,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 valued at $25,885,000 after purchasing an additional 784,804 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Stock Performance

Shares of NYSE:MTUS traded up $0.18 on Tuesday, hitting $16.59. 30,446 shares of the company were exchanged, compared to its average volume of 368,101. The company's 50 day moving average price is $16.28 and its two-hundred day moving average price is $14.59. Metallus Inc. has a one year low of $10.78 and a one year high of $18.17. The firm has a market capitalization of $693.96 million, a price-to-earnings ratio of -32.53, a PEG ratio of 1.85 and a beta of 1.46.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $297.83 million. Research analysts predict that Metallus Inc. will post 0.66 earnings per share for the current year.

Insider Transactions at Metallus

In other news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the business'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 $395,532.00. Following the transaction, the chief accounting officer owned 48,889 shares in the company, valued at approximately $880,002. The trade was a 31.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kristopher R. Westbrooks sold 4,000 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 transaction of $72,000.00. Following the transaction, the chief operating officer owned 193,076 shares in the company, valued at approximately $3,475,368. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,974 shares of company stock worth $786,532. 3.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MTUS. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Northcoast Research began coverage on shares of Metallus in a report on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

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.