Legal & General Group Plc Makes New $1.63 Million Investment in Metallus Inc. $MTUS

Key Points

• Legal & General Group purchased 87,316 Metallus shares worth approximately $1.63 million, giving it a 0.21% stake. Institutional investors and hedge funds collectively own 77.58% of the company.
• Metallus reported quarterly EPS of $0.26, beating estimates of $0.24, but revenue of $261.4 million fell well short of the $330.85 million consensus forecast. Analysts expect full-year EPS of $0.83.
• MTUS shares opened at $19.92, compared with a 52-week range of $14.19 to $22.58, while the stock carries a high P/E ratio of 104.85. Analysts maintain a consensus rating of “Hold.”

Legal & General Group Plc purchased a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 87,316 shares of the company's stock, valued at approximately $1,632,000. Legal & General Group Plc owned approximately 0.21% of Metallus as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of MTUS. Royal Bank of Canada grew its position in Metallus by 1.2% in the first quarter. Royal Bank of Canada now owns 316,569 shares of the company's stock valued at $4,229,000 after acquiring an additional 3,711 shares during the last quarter. Strs Ohio bought a new position in shares of Metallus in the first quarter worth about $142,000. Quantbot Technologies LP acquired a new stake in shares of Metallus in the 2nd quarter valued at approximately $110,000. Quantinno Capital Management LP grew its holdings in shares of Metallus by 89.1% during the 2nd quarter. Quantinno Capital Management LP now owns 25,414 shares of the company's stock valued at $392,000 after purchasing an additional 11,977 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Metallus by 51.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company's stock valued at $10,099,000 after purchasing an additional 221,828 shares during the last quarter. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Stock Performance

Shares of NYSE MTUS opened at $19.92 on Monday. The firm has a 50 day moving average price of $19.92 and a two-hundred day moving average price of $18.73. The stock has a market cap of $825.68 million, a P/E ratio of 104.85, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $22.58.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The company had revenue of $261.40 million for the quarter, compared to analyst estimates of $330.85 million. Analysts predict that Metallus Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTUS has been the topic of a number of research analyst reports. KeyCorp restated a "sector weight" rating on shares of Metallus in a research report on Wednesday, August 5th. Weiss Ratings raised Metallus from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Metallus currently has a consensus rating of "Hold".

Metallus Profile

Metallus, Inc NYSE: MTUS is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.

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