Walleye Capital LLC Takes Position 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 Metallus Inc. (NYSE:MTUS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 24,794 shares of the company's stock, valued at approximately $331,000. Walleye Capital LLC owned 0.06% of Metallus as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTUS. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 978 shares during the period. CWM LLC raised its holdings in Metallus by 60.2% in the 1st quarter. CWM LLC now owns 3,421 shares of the company's stock valued at $46,000 after acquiring an additional 1,286 shares during the period. Tower Research Capital LLC TRC raised its holdings in Metallus by 103.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after acquiring an additional 2,431 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Metallus in the 1st quarter valued at about $67,000. Finally, Teacher Retirement System of Texas bought a new position in Metallus in the 1st quarter valued at about $142,000. 77.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MTUS. Wall Street Zen upgraded shares of Metallus from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. 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 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.00.

Metallus Stock Performance

Shares of NYSE MTUS traded down $0.36 during trading hours on Tuesday, hitting $16.47. 58,303 shares of the stock were exchanged, compared to its average volume of 368,544. The company has a market cap of $688.73 million, a PE ratio of -32.30, a price-to-earnings-growth ratio of 1.93 and a beta of 1.46. The company's fifty day simple moving average is $16.21 and its two-hundred day simple 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The business 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%. As a group, sell-side analysts expect that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Insider Activity at Metallus

In related news, EVP Kristine C. Syrvalin sold 7,500 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total value of $120,000.00. Following the completion of the transaction, the executive vice president owned 97,410 shares of the company's stock, valued at $1,558,560. This represents a 7.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total transaction of $72,000.00. Following the completion of the transaction, the chief operating officer directly owned 193,076 shares of the company's stock, valued at approximately $3,475,368. The trade was a 2.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 44,974 shares of company stock valued at $786,532 in the last quarter. Insiders own 3.60% of the company's stock.

About Metallus

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.