Bank of America Corp DE Reduces Stock Position in Metallus Inc. (NYSE:MTUS)

Bank of America Corp DE cut its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 78.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,331 shares of the company's stock after selling 158,685 shares during the period. Bank of America Corp DE owned 0.10% of Metallus worth $612,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTUS. Vanguard Group Inc. raised its holdings in shares of Metallus by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,257,534 shares of the company's stock valued at $46,029,000 after acquiring an additional 43,244 shares in the last quarter. American Century Companies Inc. raised its stake in Metallus by 11.6% in the fourth quarter. American Century Companies Inc. now owns 1,316,292 shares of the company's stock valued at $18,599,000 after purchasing an additional 137,007 shares in the last quarter. Royce & Associates LP lifted its position in Metallus by 13.3% during the fourth quarter. Royce & Associates LP now owns 1,092,768 shares of the company's stock valued at $15,441,000 after purchasing an additional 128,437 shares during the last quarter. Azarias Capital Management L.P. purchased a new position in Metallus in the 4th quarter worth approximately $9,382,000. Finally, Northern Trust Corp increased its holdings in shares of Metallus by 27.8% in the 4th quarter. Northern Trust Corp now owns 518,790 shares of the company's stock worth $7,331,000 after buying an additional 112,758 shares during the last quarter. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Trading Down 0.5%

Shares of MTUS stock traded down $0.07 during trading hours on Friday, hitting $13.99. 309,250 shares of the company's stock were exchanged, compared to its average volume of 377,405. The company has a market capitalization of $589.01 million, a PE ratio of 26.90, a PEG ratio of 1.02 and a beta of 1.33. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $23.26. The business's 50 day simple moving average is $13.03 and its 200-day simple moving average is $14.15.

Metallus (NYSE:MTUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). Metallus had a return on equity of 6.15% and a net margin of 2.05%. The business had revenue of $280.50 million during the quarter, compared to the consensus estimate of $264.03 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The business's revenue for the quarter was down 12.8% on a year-over-year basis. Equities analysts anticipate that Metallus Inc. will post 0.66 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Sidoti upgraded Metallus to a "hold" rating in a report on Friday, May 9th.

About Metallus

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.