Mutual Advisors LLC Purchases New Shares in Metallus Inc. (NYSE:MTUS)

Mutual Advisors LLC bought a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 62,492 shares of the company's stock, valued at approximately $804,000. Mutual Advisors LLC owned approximately 0.15% of Metallus as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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 worth $46,029,000 after buying an additional 43,244 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Metallus by 11.6% in the 4th 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. Systematic Financial Management LP raised its holdings in shares of Metallus by 4.8% in the 4th quarter. Systematic Financial Management LP now owns 1,156,297 shares of the company's stock valued at $16,339,000 after purchasing an additional 53,194 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Metallus by 5.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,152,634 shares of the company's stock valued at $16,286,000 after purchasing an additional 62,055 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Metallus by 13.3% in the 4th 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 in the last quarter. 77.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MTUS. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a research note on Saturday. Sidoti upgraded shares of Metallus to a "hold" rating in a research note on Friday, May 9th.

Metallus Price Performance

NYSE:MTUS traded up $0.19 during trading hours on Tuesday, hitting $16.29. 6,129 shares of the company were exchanged, compared to its average volume of 386,906. The stock has a market capitalization of $685.80 million, a price-to-earnings ratio of -32.58, a PEG ratio of 1.36 and a beta of 1.37. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $23.26. The company's 50 day moving average price is $13.87 and its 200-day moving average price is $14.00.

Metallus (NYSE:MTUS - Get Free Report) last released its 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). The company 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. On average, equities analysts predict that Metallus Inc. will post 0.66 earnings per share for the current year.

Insider Buying and Selling at Metallus

In other news, EVP Kristine C. Syrvalin sold 7,500 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total value of $120,000.00. Following the sale, the executive vice president directly owned 97,410 shares of the company's stock, valued at $1,558,560. This represents a 7.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total transaction of $64,000.00. Following the completion of the sale, the chief operating officer directly owned 197,076 shares in the company, valued at $3,153,216. This trade represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.

Metallus Company Profile

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.