Walleye Capital LLC Purchases New Shares in Metallus Inc. $MTUS

Key Points

• Walleye Capital LLC acquired 24,794 shares of Metallus Inc. valued at approximately $331,000, representing 0.06% of the company.
• Metallus reported earnings of $0.20 per share, exceeding the consensus estimate of $0.16, with total revenue of $304.60 million for the quarter.
• Institutional investors and hedge funds own a significant 77.58% of Metallus stock, highlighting strong institutional interest in the company.

Walleye Capital LLC purchased a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,794 shares of the company's stock, valued at approximately $331,000. Walleye Capital LLC owned approximately 0.06% of Metallus at the end of the most recent reporting period.

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

Metallus Stock Down 0.9%

Metallus stock traded down $0.16 during trading on Monday, reaching $16.88. The stock had a trading volume of 110,952 shares, compared to its average volume of 369,662. The stock has a market cap of $706.13 million, a PE ratio of -33.06, a P/E/G ratio of 1.93 and a beta of 1.46. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $18.17. The business has a 50 day moving average price of $16.18 and a 200 day moving average price of $14.45.

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

Insider Buying and Selling at Metallus

In related news, EVP Kristine C. Syrvalin sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $16.00, for a total value of $120,000.00. Following the completion of the sale, the executive vice president owned 97,410 shares of the company's stock, valued at approximately $1,558,560. The trade was a 7.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $395,532.00. Following the completion of the sale, the chief accounting officer owned 48,889 shares in the company, valued at $880,002. This trade represents a 31.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,974 shares of company stock valued at $786,532 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MTUS. Northcoast Research began coverage on shares of Metallus in a research report on Wednesday, July 23rd. They set a "buy" rating and a $24.00 price target for the company. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.