Russell Investments Group Ltd. Increases Holdings in Metallus Inc. $MTUS

Key Points

• Russell Investments Group Ltd. increased its holdings in Metallus Inc. by 45.9% during the first quarter, owning 393,800 shares valued at approximately $5.26 million.
• Metallus reported an EPS of $0.20 for the last quarter, exceeding analysts' expectations, with revenue of $304.6 million.
• Wall Street analysts have rated Metallus as a "Moderate Buy" with a consensus target price of $24.00, indicating potential for future growth.

Russell Investments Group Ltd. grew its holdings in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 45.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 393,800 shares of the company's stock after buying an additional 123,973 shares during the quarter. Russell Investments Group Ltd. owned 0.94% of Metallus worth $5,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Systematic Financial Management LP raised its position in Metallus by 4.8% in the 4th quarter. Systematic Financial Management LP now owns 1,156,297 shares of the company's stock worth $16,339,000 after purchasing an additional 53,194 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 worth $16,286,000 after purchasing an additional 62,055 shares during the period. Northern Trust Corp raised its position in Metallus by 27.8% in the 4th quarter. Northern Trust Corp now owns 518,790 shares of the company's stock worth $7,331,000 after purchasing an additional 112,758 shares during the period. Charles Schwab Investment Management Inc. raised its position in Metallus by 14.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,695 shares of the company's stock worth $6,903,000 after purchasing an additional 64,743 shares during the period. Finally, Millennium Management LLC purchased a new stake in Metallus in the 4th quarter worth about $3,590,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Stock Performance

Shares of NYSE:MTUS opened at $15.9370 on Friday. The firm has a market cap of $666.64 million, a PE ratio of -31.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.42. The firm's 50 day simple moving average is $15.74 and its 200-day simple moving average is $14.37. Metallus Inc. has a one year low of $10.78 and a one year high of $18.17.

Metallus (NYSE:MTUS - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. Equities research analysts predict that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Insider Transactions at Metallus

In other news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the 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 $395,532.00. Following the transaction, the chief accounting officer directly owned 48,889 shares in the company, valued at approximately $880,002. This trade represents a 31.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the 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 approximately $3,475,368. This represents a 2.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,974 shares of company stock valued at $786,532. 3.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Sidoti raised shares of Metallus to a "hold" rating in a research report on Friday, May 9th. Finally, Northcoast Research assumed coverage on shares of Metallus in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.

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