Azarias Capital Management L.P. Reduces Holdings in Metallus Inc. (NYSE:MTUS)

Azarias Capital Management L.P. lessened its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 21.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,773 shares of the company's stock after selling 144,225 shares during the quarter. Metallus comprises 3.8% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 8th biggest holding. Azarias Capital Management L.P. owned about 1.23% of Metallus worth $6,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after purchasing an additional 978 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Metallus by 36.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after buying an additional 783 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after acquiring an additional 2,431 shares in the last quarter. Vestcor Inc bought a new stake in shares of Metallus during the fourth quarter worth about $104,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Metallus in the 4th quarter worth about $181,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTUS has been the subject of a number of analyst reports. Wall Street Zen upgraded Metallus from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Sidoti upgraded Metallus to a "hold" rating in a report on Friday, May 9th.

Metallus Stock Performance

MTUS traded up $0.20 during mid-day trading on Monday, reaching $14.51. 410,143 shares of the stock were exchanged, compared to its average volume of 382,053. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $23.26. The stock has a market capitalization of $611.02 million, a PE ratio of -29.02, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. The company has a 50 day moving average price of $13.31 and a two-hundred day moving average price of $14.01.

Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). Metallus had a negative net margin of 2.05% and a positive return on equity of 0.31%. The firm had revenue of $280.50 million for the quarter, compared to the consensus estimate of $264.03 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm's revenue for the quarter was down 12.8% on a year-over-year basis. Sell-side analysts expect that Metallus Inc. will post 0.66 EPS for the current fiscal year.

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.