Trexquant Investment LP Sells 20,859 Shares of 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 position in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 37.5% in the first quarter, according to its most recent disclosure 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 SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Walleye Capital LLC acquired a new stake in shares of Metallus during the first quarter worth $331,000. Systematic Financial Management LP raised its stake in Metallus by 13.2% in the first quarter. Systematic Financial Management LP now owns 1,308,514 shares of the company's stock valued at $17,482,000 after purchasing an additional 152,217 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Metallus in the first quarter valued at about $199,000. American Century Companies Inc. raised its stake in Metallus by 9.5% in the first quarter. American Century Companies Inc. now owns 1,441,326 shares of the company's stock valued at $19,256,000 after purchasing an additional 125,034 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Metallus by 45.9% in the first quarter. Russell Investments Group Ltd. now owns 393,800 shares of the company's stock valued at $5,261,000 after purchasing an additional 123,973 shares in the last quarter. Institutional investors and hedge funds own 77.58% of the company's stock.

Insider Activity at Metallus

In other Metallus news, EVP Kristine C. Syrvalin sold 7,500 shares of the business'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 $135,000.00. Following the transaction, the executive vice president directly owned 89,910 shares of the company's stock, valued at approximately $1,618,380. The trade was a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of Metallus stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 48,889 shares of the company's stock, valued at approximately $880,002. The trade was a 31.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,974 shares of company stock worth $786,532 over the last ninety days. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MTUS shares. Northcoast Research started coverage on Metallus in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $24.00 price target for the company. Wall Street Zen raised Metallus from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Metallus presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

Metallus Trading Down 1.5%

NYSE:MTUS opened at $16.78 on Tuesday. The stock has a market cap of $701.74 million, a P/E ratio of -32.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.46. The stock's 50-day moving average is $16.21 and its 200-day moving average is $14.46. Metallus Inc. has a 1-year low of $10.78 and a 1-year high of $18.17.

Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $304.60 million for the quarter, compared to analysts' expectations of $297.83 million. Metallus had a positive return on equity of 0.56% and a negative net margin of 2.12%. As a group, equities analysts forecast that Metallus Inc. will post 0.66 EPS for the current year.

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.

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