Voya Investment Management LLC Grows Holdings in Metallus Inc. $MTUS

Voya Investment Management LLC raised its position in Metallus Inc. (NYSE:MTUS - Free Report) by 47.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,811 shares of the company's stock after purchasing an additional 25,223 shares during the period. Voya Investment Management LLC owned about 0.19% of Metallus worth $1,053,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Metallus by 68.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company's stock valued at $25,885,000 after acquiring an additional 784,804 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Metallus by 9.5% during the 1st quarter. American Century Companies Inc. now owns 1,441,326 shares of the company's stock valued at $19,256,000 after acquiring an additional 125,034 shares during the last quarter. Systematic Financial Management LP increased its stake in shares of Metallus by 13.2% during the 1st quarter. Systematic Financial Management LP now owns 1,308,514 shares of the company's stock valued at $17,482,000 after acquiring an additional 152,217 shares during the last quarter. Invenomic Capital Management LP acquired a new position in shares of Metallus during the 1st quarter valued at about $8,701,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Metallus by 14.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,695 shares of the company's stock valued at $6,903,000 after acquiring an additional 64,743 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company's stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Metallus news, COO Kristopher R. Westbrooks sold 4,000 shares of the company'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 $72,000.00. Following the completion of the transaction, the chief operating officer owned 193,076 shares in the company, valued at $3,475,368. This represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of the company'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 $395,532.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 44,974 shares of company stock worth $786,532 in the last 90 days. 3.60% of the stock is owned by company insiders.

Metallus Stock Performance

MTUS opened at $16.47 on Wednesday. The firm has a 50 day moving average price of $16.30 and a 200 day moving average price of $14.60. The company has a market cap of $688.77 million, a PE ratio of -32.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.46. 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 posted its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.04. The firm had revenue of $304.60 million during the quarter, compared to the consensus estimate of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. On average, sell-side analysts predict that Metallus Inc. will post 0.66 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.