KLP Kapitalforvaltning AS Has $112,000 Position in Metallus Inc. $MTUS

Key Points

• KLP Kapitalforvaltning AS significantly reduced its stake in Metallus Inc. by 83.8%, now holding 7,300 shares worth approximately $112,000.
• Institutional investors control 77.58% of Metallus Inc.'s stock, with several hedge funds increasing their positions during the first quarter.
• Metallus reported $0.20 earnings per share for the latest quarter, surpassing analyst expectations of $0.16.

KLP Kapitalforvaltning AS reduced its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 83.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,300 shares of the company's stock after selling 37,700 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Metallus were worth $112,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Metallus by 108.1% in the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after buying an additional 978 shares during the last quarter. CWM LLC increased its stake 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 buying an additional 1,286 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Metallus during the first quarter worth $67,000. Teacher Retirement System of Texas acquired a new stake in shares of Metallus during the first quarter worth $142,000. Finally, Strs Ohio acquired a new position in Metallus in the first quarter valued at about $142,000. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Stock Performance

Shares of MTUS stock opened at $17.90 on Wednesday. The stock's fifty day moving average price is $16.59 and its two-hundred day moving average price is $15.05. The company has a market cap of $748.76 million, a PE ratio of -35.10, a P/E/G ratio of 1.94 and a beta of 1.44. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $18.39.

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

Analyst Ratings Changes

MTUS has been the subject of several recent research reports. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Weiss Ratings restated a "sell (d)" rating on shares of Metallus in a research note on Wednesday, October 8th. Finally, Northcoast Research initiated coverage on Metallus in a research note on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price objective on the stock. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.

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