Vanguard Group Inc. Sells 34,384 Shares of Metallus Inc. $MTUS

Key Points

• Vanguard Group Inc. reduced its stake in Metallus Inc. by 1.1% during the first quarter, now owning 3,223,150 shares worth approximately $43 million.
• Institutional investors collectively own 77.58% of Metallus stock, with GAMMA Investing LLC and CWM LLC increasing their holdings by over 60% in the first quarter.
• Metallus reported a quarterly earnings per share of $0.20, exceeding analysts' expectations, with a market cap of $696.40 million and a consensus rating of "Moderate Buy" from analysts.

Vanguard Group Inc. cut its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,223,150 shares of the company's stock after selling 34,384 shares during the period. Vanguard Group Inc. owned approximately 7.65% of Metallus worth $43,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after acquiring an additional 978 shares in the last quarter. CWM LLC raised its position 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 purchasing an additional 1,286 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Metallus by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after purchasing an additional 2,431 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Metallus in the 1st quarter valued at approximately $67,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Metallus in the 1st quarter valued at approximately $142,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Metallus

In other news, EVP Kristine C. Syrvalin sold 7,500 shares of Metallus stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the executive vice president directly owned 89,910 shares of the company's stock, valued at approximately $1,618,380. This trade represents a 7.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of Metallus stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $395,532.00. Following the completion of the sale, the chief accounting officer directly owned 48,889 shares of the company's stock, valued at $880,002. This trade represents a 31.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,974 shares of company stock valued at $786,532 in the last three months. Corporate insiders own 3.60% of the company's stock.

Metallus Trading Down 1.0%

NYSE:MTUS traded down $0.17 during mid-day trading on Friday, hitting $16.44. 185,065 shares of the company's stock traded hands, compared to its average volume of 317,158. The firm has a 50 day moving average of $16.02 and a two-hundred day moving average of $14.43. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $18.17. The firm has a market capitalization of $687.52 million, a price-to-earnings ratio of -32.23, a price-to-earnings-growth ratio of 1.88 and a beta of 1.42.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The company 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%. As a group, equities research analysts expect that Metallus Inc. will post 0.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Northcoast Research assumed coverage on Metallus in a research note on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price objective for the company. Wall Street Zen upgraded Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Sidoti upgraded Metallus to a "hold" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Metallus has an average rating of "Moderate Buy" and an average 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.