Squarepoint Ops LLC Buys Shares of 18,078 Metallus Inc. (NYSE:MTUS)

Squarepoint Ops LLC acquired a new stake in Metallus Inc. (NYSE:MTUS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,078 shares of the company's stock, valued at approximately $255,000.

A number of other large investors also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Metallus by 5.1% in the 4th quarter. Empowered Funds LLC now owns 252,700 shares of the company's stock valued at $3,571,000 after buying an additional 12,291 shares in the last quarter. Azarias Capital Management L.P. acquired a new position in shares of Metallus in the 4th quarter valued at $9,382,000. Rhumbline Advisers boosted its holdings in shares of Metallus by 2.8% in the 4th quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock valued at $1,772,000 after buying an additional 3,386 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Metallus by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 202,805 shares of the company's stock worth $2,866,000 after purchasing an additional 3,511 shares during the period. Finally, Ieq Capital LLC purchased a new position in Metallus during the 4th quarter worth $273,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Price Performance

Shares of MTUS stock traded down $0.24 during mid-day trading on Wednesday, hitting $14.35. The stock had a trading volume of 421,921 shares, compared to its average volume of 377,155. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $23.26. The firm has a market cap of $604.04 million, a PE ratio of 27.59, a PEG ratio of 1.02 and a beta of 1.33. The company's 50-day simple moving average is $12.99 and its 200-day simple moving average is $14.16.

Metallus (NYSE:MTUS - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). Metallus had a return on equity of 6.15% and a net margin of 2.05%. The firm had revenue of $280.50 million during the quarter, compared to analyst estimates of $264.03 million. During the same quarter last year, the business posted $0.56 EPS. The firm's revenue was down 12.8% on a year-over-year basis. On average, analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Sidoti raised shares of 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 research report on Friday, May 30th.

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.