Sequoia Financial Advisors LLC Sells 25,770 Shares of Metallus Inc. (NYSE:MTUS)

Sequoia Financial Advisors LLC lowered its stake in Metallus Inc. (NYSE:MTUS - Free Report) by 68.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,900 shares of the company's stock after selling 25,770 shares during the period. Sequoia Financial Advisors LLC's holdings in Metallus were worth $159,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Metallus by 108.1% in the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock valued at $25,000 after purchasing an additional 978 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Metallus by 36.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock worth $42,000 after acquiring an additional 783 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 2,431 shares during the period. Vestcor Inc bought a new stake in shares of Metallus during the 4th quarter worth approximately $104,000. Finally, ProShare Advisors LLC bought a new stake in shares of Metallus during the 4th quarter worth approximately $181,000. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Price Performance

Shares of MTUS traded up $0.09 during trading hours on Tuesday, hitting $16.19. 288,870 shares of the stock were exchanged, compared to its average volume of 388,853. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $23.26. The business has a 50-day moving average of $13.94 and a 200-day moving average of $14.02. The firm has a market capitalization of $681.76 million, a P/E ratio of -32.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37.

Metallus (NYSE:MTUS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) 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 the consensus estimate 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 was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. As a group, analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 4,000 shares of the firm'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 $64,000.00. Following the transaction, the chief operating officer directly owned 197,076 shares of the company's stock, valued at approximately $3,153,216. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kristine C. Syrvalin sold 7,500 shares of the firm'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 $120,000.00. Following the completion of the transaction, the executive vice president directly owned 97,410 shares in the company, valued at $1,558,560. This trade represents a 7.15% 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.

Analysts Set New Price Targets

MTUS has been the subject of several research reports. Sidoti raised shares of Metallus to a "hold" rating in a research note on Friday, May 9th. Wall Street Zen raised shares of Metallus from a "sell" rating to a "hold" rating in a research note on Saturday.

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.