Two Sigma Advisers LP Sells 27,800 Shares of Metallus Inc. (NYSE:MTUS)

Two Sigma Advisers LP trimmed its stake in Metallus Inc. (NYSE:MTUS - Free Report) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,600 shares of the company's stock after selling 27,800 shares during the period. Two Sigma Advisers LP owned about 0.32% of Metallus worth $1,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Metallus by 1.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,472 shares of the company's stock worth $841,000 after purchasing an additional 779 shares during the last quarter. Quadrant Capital Group LLC grew its position in Metallus by 36.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock worth $42,000 after purchasing an additional 783 shares during the last quarter. State of Wyoming grew its position in Metallus by 9.5% in the 4th quarter. State of Wyoming now owns 17,831 shares of the company's stock worth $252,000 after purchasing an additional 1,541 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Metallus by 103.7% in the 4th 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 during the last quarter. Finally, WINTON GROUP Ltd grew its position in Metallus by 3.4% in the 4th quarter. WINTON GROUP Ltd now owns 75,078 shares of the company's stock worth $1,061,000 after purchasing an additional 2,456 shares during the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MTUS. Sidoti upgraded shares of Metallus to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a research report on Friday.

Metallus Trading Down 3.5%

MTUS stock traded down $0.48 during trading on Tuesday, hitting $13.17. 50,582 shares of the stock traded hands, compared to its average volume of 369,664. Metallus Inc. has a one year low of $10.78 and a one year high of $24.28. The stock has a market cap of $554.56 million, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.02 and a beta of 1.33. The company has a 50 day simple moving average of $12.83 and a 200 day simple moving average of $14.18.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly 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). Metallus had a net margin of 2.05% and a return on equity of 6.15%. The firm had revenue of $280.50 million for the quarter, compared to the consensus estimate of $264.03 million. During the same period in the prior year, the business earned $0.56 earnings per share. The company's revenue for the quarter was down 12.8% on a year-over-year basis. As a group, analysts predict that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

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.