Metallus Inc. $MTUS Stock Sold by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management cut its Metallus position by 58.4% in the third quarter, selling 245,085 shares and retaining 174,422 shares worth approximately $3.3 million.
• Institutional ownership remains high at 77.58%, with BlackRock and several other investment firms initiating new positions in Metallus.
• Analysts maintain a consensus “Hold” rating. Metallus recently beat quarterly EPS expectations, but revenue fell well short of estimates, while the stock traded near $20.62.

Azarias Capital Management L.P. reduced its position in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 58.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 174,422 shares of the company's stock after selling 245,085 shares during the quarter. Metallus comprises 3.1% of Azarias Capital Management L.P.'s holdings, making the stock its 12th biggest position. Azarias Capital Management L.P. owned 0.42% of Metallus worth $3,312,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Metallus in the 2nd quarter valued at about $108,942,000. Donald Smith & CO. Inc. bought a new stake in shares of Metallus during the second quarter worth approximately $11,375,000. Emerald Advisers LLC bought a new stake in shares of Metallus during the first quarter worth approximately $6,146,000. Emerald Mutual Fund Advisers Trust acquired a new position in Metallus in the first quarter valued at approximately $3,887,000. Finally, Bank of New York Mellon Corp acquired a new position in Metallus in the second quarter valued at approximately $4,304,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Metallus news, EVP Kristine Syrvalin sold 5,000 shares of the company's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $21.12, for a total value of $105,600.00. Following the completion of the sale, the executive vice president owned 101,078 shares of the company's stock, valued at approximately $2,134,767.36. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

MTUS has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Metallus in a research note on Friday, September 4th. KeyCorp reiterated a "sector weight" rating on shares of Metallus in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Metallus currently has a consensus rating of "Hold".

Metallus Stock Performance

NYSE:MTUS traded up $0.06 during mid-day trading on Wednesday, hitting $20.62. The company had a trading volume of 351,714 shares, compared to its average volume of 379,505. Metallus Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $22.58. The firm has a market cap of $854.86 million, a P/E ratio of 108.55, a P/E/G ratio of 1.64 and a beta of 1.37. The business's fifty day moving average is $19.92 and its two-hundred day moving average is $19.23.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating 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 business had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. Equities analysts forecast that Metallus Inc. will post 0.83 earnings per share for the current year.

Metallus Company Profile

Metallus, Inc NYSE: MTUS is a steel manufacturer focused on specialty alloys and engineered metal products. The company produces high-performance alloy steel, specialty bar quality (SBQ) steel, seamless mechanical tubing and related components designed for demanding industrial applications.

Its products serve customers in markets including automotive, industrial equipment, energy, aerospace and defense, and other applications that require strength, durability and precise material performance.

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