Mutual Advisors LLC Invests $804,000 in Metallus Inc. (NYSE:MTUS)

Mutual Advisors LLC purchased a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,492 shares of the company's stock, valued at approximately $804,000. Mutual Advisors LLC owned about 0.15% of Metallus as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Metallus by 108.1% during the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after buying an additional 978 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Metallus by 36.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after purchasing an additional 783 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Metallus by 103.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after purchasing an additional 2,431 shares in the last quarter. Vestcor Inc bought a new position in shares of Metallus during the fourth quarter worth approximately $104,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Metallus in the first quarter valued at approximately $142,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Stock Performance

Shares of Metallus stock traded up $0.30 on Thursday, reaching $16.34. 240,846 shares of the company's stock were exchanged, compared to its average volume of 384,279. The company has a market capitalization of $687.83 million, a P/E ratio of -32.67, a price-to-earnings-growth ratio of 1.33 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 firm's 50-day moving average is $14.01 and its two-hundred day moving average is $14.03.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTUS. Sidoti upgraded Metallus to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

Insider Activity at Metallus

In other news, EVP Kristine C. Syrvalin sold 7,500 shares of the stock in a transaction dated 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 approximately $1,558,560. This represents a 7.15% decrease in their ownership of the stock. The sale was disclosed in a filing 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 2nd. The stock was sold at an average price of $16.00, for a total transaction of $64,000.00. Following the completion of the transaction, the chief operating officer owned 197,076 shares in the company, valued at approximately $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 currently owned by company 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.