Metallus Inc. $MTUS Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

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

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after acquiring an additional 978 shares during the last quarter. CWM LLC boosted its position in shares of Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after purchasing an additional 1,286 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Metallus by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after acquiring an additional 2,431 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Metallus in the 1st quarter valued at about $67,000. Finally, Teacher Retirement System of Texas purchased a new stake in Metallus in the 1st quarter valued at about $142,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Northcoast Research started coverage on shares of Metallus in a research note on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price target for the company. Wall Street Zen upgraded 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 assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Metallus Stock Down 1.8%

NYSE MTUS traded down $0.31 on Friday, reaching $16.67. The company had a trading volume of 180,429 shares, compared to its average volume of 274,473. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $18.17. The stock has a market capitalization of $697.32 million, a PE ratio of -32.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.46. The firm's 50 day moving average price is $16.23 and its 200 day moving average price is $14.49.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $304.60 million during the quarter, compared to analysts' expectations of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. On average, research analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Insider Buying and Selling

In other Metallus news, EVP Kristine C. Syrvalin sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president owned 97,410 shares in the company, valued at approximately $1,558,560. This represents a 7.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total transaction of $72,000.00. Following the transaction, the chief operating officer owned 193,076 shares in the company, valued at $3,475,368. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,974 shares of company stock worth $786,532 in the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.