Metallus Inc. $MTUS Holdings Lowered by Royal Bank of Canada

Key Points

• Royal Bank of Canada cut its Metallus stake by 94.4% in the first quarter, selling 97,041 shares and retaining 5,786 shares valued at approximately $95,000. Institutional investors overall own 77.58% of the company.
• Metallus reported quarterly EPS of $0.26, beating analysts’ $0.24 estimate, but revenue of $261.4 million fell well short of the $330.85 million consensus. Analysts expect full-year EPS of $0.83.
• MTUS opened at $19.56, near its recent moving averages, while analysts maintain a consensus “Hold” rating; the stock has traded between $14.19 and $22.58 over the past year.

Royal Bank of Canada decreased its stake in Metallus Inc. (NYSE:MTUS - Free Report) by 94.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,786 shares of the company's stock after selling 97,041 shares during the quarter. Royal Bank of Canada's holdings in Metallus were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Keybank National Association OH raised its holdings in Metallus by 2.6% during the 4th quarter. Keybank National Association OH now owns 40,214 shares of the company's stock worth $690,000 after buying an additional 1,001 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Metallus by 8.2% in the first quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company's stock worth $280,000 after buying an additional 1,300 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Metallus by 8.8% in the first quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company's stock worth $328,000 after buying an additional 1,617 shares during the period. Swiss National Bank increased its position in shares of Metallus by 2.6% in the fourth quarter. Swiss National Bank now owns 74,300 shares of the company's stock worth $1,275,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Metallus in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 77.58% of the company's stock.

Metallus Stock Down 0.1%

MTUS stock opened at $19.56 on Tuesday. The company has a 50 day moving average of $19.95 and a two-hundred day moving average of $18.77. The company has a market cap of $810.76 million, a price-to-earnings ratio of 102.95, a PEG ratio of 1.57 and a beta of 1.36. Metallus Inc. has a 12-month low of $14.19 and a 12-month high of $22.58.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The business had revenue of $261.40 million for the quarter, compared to analysts' expectations of $330.85 million. On average, research analysts anticipate that Metallus Inc. will post 0.83 EPS for the current year.

Wall Street Analyst Weigh In

MTUS has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Metallus from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 8th. KeyCorp reiterated a "sector weight" rating on shares of Metallus in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Metallus presently has an average rating of "Hold".

Metallus Company 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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