Public Sector Pension Investment Board Has $1.58 Million Stake in Metallus Inc. $MTUS

Key Points

• The Public Sector Pension Investment Board increased its holdings in Metallus Inc. by 27.3%, acquiring an additional 25,459 shares during the first quarter.
• Metallus reported $0.20 EPS for the last quarter, exceeding analysts' estimates of $0.16, with revenues of $304.60 million compared to expected $297.83 million.
• As of now, 77.58% of Metallus stock is owned by institutional investors, reflecting strong interest from hedge funds and investment firms.

Public Sector Pension Investment Board boosted its holdings in Metallus Inc. (NYSE:MTUS - Free Report) by 27.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,584 shares of the company's stock after buying an additional 25,459 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.28% of Metallus worth $1,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Metallus by 5.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,610 shares of the company's stock valued at $235,000 after purchasing an additional 839 shares during the period. Millennium Management LLC acquired a new stake in Metallus during the 4th quarter valued at approximately $3,590,000. ProShare Advisors LLC acquired a new stake in Metallus during the 4th quarter valued at approximately $181,000. GAMMA Investing LLC increased its position in Metallus by 2,679.8% during the 1st quarter. GAMMA Investing LLC now owns 25,157 shares of the company's stock valued at $336,000 after purchasing an additional 24,252 shares during the period. Finally, Barclays PLC increased its position in Metallus by 72.7% during the 4th quarter. Barclays PLC now owns 120,045 shares of the company's stock valued at $1,697,000 after purchasing an additional 50,543 shares during the period. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Stock Down 0.9%

MTUS traded down $0.15 during trading on Wednesday, hitting $16.61. The company's stock had a trading volume of 196,714 shares, compared to its average volume of 330,504. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $18.17. The stock's fifty day moving average price is $15.93 and its 200-day moving average price is $14.42. The firm has a market capitalization of $694.84 million, a P/E ratio of -32.57, a PEG ratio of 1.89 and a beta of 1.42.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly 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 firm had revenue of $304.60 million for 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.

Insider Transactions at Metallus

In other news, EVP Kristine C. Syrvalin sold 7,500 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 $120,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total value of $395,532.00. Following the transaction, the chief accounting officer directly owned 48,889 shares in the company, valued at $880,002. The trade was a 31.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,974 shares of company stock valued at $786,532 over the last ninety days. 3.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

MTUS has been the subject of a number of recent analyst reports. Sidoti raised shares of Metallus to a "hold" rating in a research report on Friday, May 9th. Northcoast Research began coverage on Metallus in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price target on the stock. Finally, Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.00.

Metallus 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.