MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Metallus Inc. $MTUS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Metallus Inc. by 68.1% in Q1, owning approximately 4.60% of the company, worth $25.88 million.
• Metallus recently reported earnings of $0.20 per share, exceeding expectations, and achieved revenue of $304.60 million for the quarter.
• Research analysts have set a consensus target price of $24.00 for Metallus, with ratings of "buy" and "hold" from different analysts.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Metallus Inc. (NYSE:MTUS - Free Report) by 68.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,937,438 shares of the company's stock after buying an additional 784,804 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 4.60% of Metallus worth $25,885,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTUS. Price T Rowe Associates Inc. MD grew its position in Metallus by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,472 shares of the company's stock worth $841,000 after acquiring an additional 779 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Metallus by 5.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,610 shares of the company's stock worth $235,000 after acquiring an additional 839 shares in the last quarter. GAMMA Investing LLC grew its position in Metallus by 108.1% in the first 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 grew its position in Metallus by 60.2% in the first quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after acquiring an additional 1,286 shares in the last quarter. Finally, State of Wyoming grew its position in Metallus by 9.5% in the fourth quarter. State of Wyoming now owns 17,831 shares of the company's stock worth $252,000 after acquiring an additional 1,541 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors.

Metallus Price Performance

Shares of NYSE:MTUS opened at $17.02 on Monday. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $18.17. The business has a 50 day simple moving average of $16.18 and a two-hundred day simple moving average of $14.45. The firm has a market capitalization of $711.74 million, a PE ratio of -33.36, a price-to-earnings-growth ratio of 1.93 and a beta of 1.46.

Metallus (NYSE:MTUS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Metallus had a positive return on equity of 0.56% and a negative net margin of 2.12%.The business had revenue of $304.60 million during the quarter, compared to analyst estimates of $297.83 million. Equities research analysts expect that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Northcoast Research assumed coverage on Metallus in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price target for the company. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Metallus currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Insider Buying and Selling at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 4,000 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $72,000.00. Following the completion of the sale, the chief operating officer directly owned 193,076 shares of the company's stock, valued at $3,475,368. The trade was a 2.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kristine C. Syrvalin sold 7,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,974 shares of company stock valued at $786,532 in the last three months. Company insiders own 3.60% of the company's stock.

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.

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