Hsbc Holdings PLC Buys New Stake in Metallus Inc. (NYSE:MTUS)

Hsbc Holdings PLC acquired a new position in Metallus Inc. (NYSE:MTUS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,756 shares of the company's stock, valued at approximately $727,000. Hsbc Holdings PLC owned 0.12% of Metallus at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quadrant Capital Group LLC raised 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 period. Tower Research Capital LLC TRC grew its holdings in shares of Metallus by 103.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company's stock valued at $67,000 after buying an additional 2,431 shares during the last quarter. Vestcor Inc bought a new position in Metallus during the fourth quarter valued at approximately $104,000. Mariner LLC raised its position in Metallus by 59.6% in the fourth quarter. Mariner LLC now owns 16,493 shares of the company's stock worth $233,000 after acquiring an additional 6,157 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Metallus in the fourth quarter worth $236,000. 77.58% of the stock is owned by institutional investors.

Metallus Trading Down 11.3%

MTUS traded down $1.48 during trading on Friday, hitting $11.61. 1,098,841 shares of the company traded hands, compared to its average volume of 359,224. The company has a market cap of $488.87 million, a PE ratio of 22.33, a P/E/G ratio of 1.02 and a beta of 1.44. The stock's 50-day simple moving average is $13.09 and its two-hundred day simple moving average is $14.41. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $24.31.

Metallus (NYSE:MTUS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share 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 company had revenue of $280.50 million for the quarter, compared to analysts' expectations of $264.03 million. During the same period in the previous year, the business posted $0.56 earnings per share. The business's revenue was down 12.8% on a year-over-year basis. Equities analysts expect that Metallus Inc. will post 0.66 EPS 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.