Systematic Financial Management LP Has $17.48 Million Position in Metallus Inc. $MTUS

Key Points

• Systematic Financial Management LP increased its stake in Metallus Inc. by 13.2% during the first quarter, owning 1,308,514 shares valued at approximately $17.48 million.
• Recent analyst ratings for Metallus include a buy rating from Northcoast Research with a target price of $24.00, reflecting a consensus rating of "Moderate Buy".
• Despite insider sales totaling $786,532 in the last 90 days, Metallus Inc. shares have shown positive price movement, up 4.1% recently, with the stock trading at $16.60.

Systematic Financial Management LP grew its holdings in Metallus Inc. (NYSE:MTUS - Free Report) by 13.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,308,514 shares of the company's stock after acquiring an additional 152,217 shares during the quarter. Systematic Financial Management LP owned 3.11% of Metallus worth $17,482,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Metallus by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,472 shares of the company's stock valued at $841,000 after acquiring an additional 779 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Metallus by 5.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,610 shares of the company's stock valued at $235,000 after acquiring an additional 839 shares during the period. GAMMA Investing LLC boosted its position in shares of Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after acquiring an additional 978 shares during the period. CWM LLC boosted its position in shares of Metallus by 60.2% in the first quarter. CWM LLC now owns 3,421 shares of the company's stock valued at $46,000 after acquiring an additional 1,286 shares during the period. Finally, State of Wyoming boosted its position in shares of Metallus by 9.5% in the fourth quarter. State of Wyoming now owns 17,831 shares of the company's stock valued at $252,000 after acquiring an additional 1,541 shares during the period. Institutional investors own 77.58% of the company's stock.

Insiders Place Their Bets

In other news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $395,532.00. Following the completion of the transaction, the chief accounting officer owned 48,889 shares of the company's stock, valued at $880,002. This represents a 31.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kristine C. Syrvalin sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president directly owned 97,410 shares of the company's stock, valued at $1,558,560. This represents a 7.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,974 shares of company stock valued at $786,532. 3.60% of the stock is currently owned by corporate insiders.

Metallus Trading Down 0.9%

NYSE MTUS traded down $0.15 during trading on Wednesday, hitting $16.61. 196,714 shares of the company's stock were exchanged, compared to its average volume of 373,087. The company has a market cap of $694.84 million, a PE ratio of -32.57, a P/E/G ratio of 1.88 and a beta of 1.42. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $18.17. The stock's 50 day moving average price is $15.89 and its two-hundred day moving average price is $14.40.

Metallus (NYSE:MTUS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $304.60 million during 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%. Analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MTUS shares. Northcoast Research started coverage on shares of Metallus in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 target price for the company. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Sidoti raised shares of Metallus to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Metallus 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.