Azarias Capital Management L.P. lowered its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 21.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 519,773 shares of the company's stock after selling 144,225 shares during the quarter. Metallus comprises about 3.8% of Azarias Capital Management L.P.'s holdings, making the stock its 8th largest position. Azarias Capital Management L.P. owned approximately 1.23% of Metallus worth $6,944,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in shares of Metallus in the fourth quarter valued at about $3,590,000. ProShare Advisors LLC purchased a new stake in Metallus in the 4th quarter valued at approximately $181,000. Amundi increased its position in Metallus by 207.8% during the 4th quarter. Amundi now owns 23,845 shares of the company's stock worth $320,000 after purchasing an additional 16,097 shares during the period. Barclays PLC raised its stake in shares of Metallus by 72.7% during the 4th quarter. Barclays PLC now owns 120,045 shares of the company's stock worth $1,697,000 after buying an additional 50,543 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Metallus in the 4th quarter valued at approximately $255,000. Institutional investors and hedge funds own 77.58% of the company's stock.
Metallus Price Performance
Shares of NYSE:MTUS opened at $14.47 on Friday. The firm has a market capitalization of $609.33 million, a price-to-earnings ratio of -28.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.33. The business's 50 day simple moving average is $13.24 and its 200-day simple moving average is $14.07. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $23.26.
Metallus (NYSE:MTUS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.04). The firm had revenue of $280.50 million for the quarter, compared to analysts' expectations of $264.03 million. Metallus had a positive return on equity of 0.31% and a negative net margin of 2.05%. The firm's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Sidoti raised shares of Metallus to a "hold" rating in a research note on Friday, May 9th.
View Our Latest Stock Report on MTUS
Metallus Company Profile
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Free Report)
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.
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