Orchard Capital Management LLC Invests $2.55 Million in Metallus Inc. $MTUS

Key Points

• Orchard Capital Management acquired 136,651 Metallus shares worth approximately $2.55 million, making MTUS its 17th-largest holding and representing 2.5% of its portfolio. Institutional investors and hedge funds collectively own 77.58% of the company.
• Metallus reported quarterly EPS of $0.26, beating analysts’ $0.24 estimate, but revenue of $261.4 million fell well short of the $330.85 million consensus forecast. Analysts expect approximately $0.83 in EPS for the current fiscal year.
• MTUS shares opened at $19.60, with a market capitalization of about $812 million and a 52-week range of $14.19 to $22.58. Analysts maintain a consensus “Hold” rating.

Orchard Capital Management LLC bought a new stake in Metallus Inc. (NYSE:MTUS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 136,651 shares of the company's stock, valued at approximately $2,554,000. Metallus accounts for 2.5% of Orchard Capital Management LLC's portfolio, making the stock its 17th biggest position. Orchard Capital Management LLC owned 0.33% of Metallus as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MTUS. BlackRock Inc. bought a new position in Metallus during the second quarter worth about $108,942,000. Donald Smith & CO. Inc. bought a new stake in Metallus in the 2nd quarter valued at about $11,375,000. OpenArc Corporate Advisory LLC bought a new stake in Metallus in the 4th quarter valued at about $7,026,000. Emerald Advisers LLC acquired a new position in shares of Metallus during the 1st quarter worth approximately $6,146,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Metallus during the 1st quarter worth approximately $3,887,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Stock Up 0.1%

MTUS stock opened at $19.60 on Friday. Metallus Inc. has a 52 week low of $14.19 and a 52 week high of $22.58. The business has a 50-day simple moving average of $19.98 and a 200 day simple moving average of $18.85. The company has a market cap of $812.42 million, a PE ratio of 103.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The firm had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. On average, analysts anticipate that Metallus Inc. will post 0.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on MTUS shares. KeyCorp reiterated a "sector weight" rating on shares of Metallus in a research report on Wednesday, August 5th. Weiss Ratings raised Metallus from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, June 8th. Finally, Zacks Research raised Metallus from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Metallus has a consensus rating of "Hold".

Metallus Profile

Metallus, Inc NYSE: MTUS is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.

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