Trexquant Investment LP Has $465,000 Stock Position in Metallus Inc. $MTUS

Key Points

• Trexquant Investment LP decreased its stake in Metallus Inc. by 37.5%, selling 20,859 shares, and now owns approximately 0.08% of the company valued at $465,000.
• Institutional investors collectively own 77.58% of Metallus's stock, with significant holdings from firms like Systematic Financial Management and American Century Companies.
• Analysts have a consensus rating of "Moderate Buy" for Metallus, with a target price set at $24.00, following the company's recent earnings beat.

Trexquant Investment LP lowered its holdings in Metallus Inc. (NYSE:MTUS - Free Report) by 37.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,800 shares of the company's stock after selling 20,859 shares during the quarter. Trexquant Investment LP owned about 0.08% of Metallus worth $465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company's stock worth $25,000 after purchasing an additional 978 shares in the last quarter. CWM LLC boosted its stake in Metallus by 60.2% in the first quarter. CWM LLC now owns 3,421 shares of the company's stock worth $46,000 after purchasing an additional 1,286 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Metallus by 103.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock worth $67,000 after purchasing an additional 2,431 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Metallus during the first quarter valued at $67,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Metallus during the first quarter valued at $142,000. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Stock Performance

NYSE:MTUS traded down $0.31 during mid-day trading on Friday, hitting $16.67. The company had a trading volume of 180,429 shares, compared to its average volume of 274,473. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $18.17. The business's fifty day moving average is $16.23 and its two-hundred day moving average is $14.49. The firm has a market cap of $697.32 million, a P/E ratio of -32.69, a P/E/G ratio of 1.92 and a beta of 1.46.

Metallus (NYSE:MTUS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share 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 analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current year.

Insider Buying and Selling at Metallus

In other Metallus news, CAO Nicholas A. Yacobozzi sold 21,974 shares of the stock in a transaction dated 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 owned 48,889 shares of the company's stock, valued at approximately $880,002. This represents a 31.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $72,000.00. Following the completion of the transaction, the chief operating officer directly owned 193,076 shares in the company, valued at $3,475,368. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,974 shares of company stock valued at $786,532. 3.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MTUS has been the topic of several research reports. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Northcoast Research initiated coverage on Metallus in a research note on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company 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.