Invesco Ltd. lessened its position in Metallus Inc. (NYSE:MTUS - Free Report) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 367,565 shares of the company's stock after selling 159,049 shares during the quarter. Invesco Ltd. owned approximately 0.87% of Metallus worth $5,194,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in Metallus by 36.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after acquiring an additional 783 shares during the period. Vestcor Inc purchased a new stake in shares of Metallus during the 4th quarter worth approximately $104,000. Franklin Resources Inc. purchased a new position in Metallus in the 3rd quarter valued at approximately $178,000. Stifel Financial Corp acquired a new position in Metallus during the third quarter worth $227,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Metallus in the fourth quarter valued at $236,000. Institutional investors and hedge funds own 77.58% of the company's stock.
Metallus Stock Performance
MTUS stock traded up $0.11 on Thursday, reaching $12.76. The company had a trading volume of 24,058 shares, compared to its average volume of 352,925. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $24.31. The company has a market cap of $537.13 million, a P/E ratio of 24.56, a PEG ratio of 1.02 and a beta of 1.11. The company's fifty day moving average is $13.41 and its 200 day moving average is $14.50.
About Metallus
(
Free Report)
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.
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