Jacobs Levy Equity Management Inc. Boosts Stake in Metallus Inc. (NYSE:MTUS)

Jacobs Levy Equity Management Inc. grew its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 182.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,502 shares of the company's stock after purchasing an additional 101,726 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.37% of Metallus worth $2,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Amundi increased its holdings in Metallus by 207.8% in the fourth quarter. Amundi now owns 23,845 shares of the company's stock valued at $320,000 after buying an additional 16,097 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Metallus by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 202,805 shares of the company's stock valued at $2,866,000 after acquiring an additional 3,511 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Metallus by 2.8% in the fourth quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock valued at $1,772,000 after purchasing an additional 3,386 shares in the last quarter. Barclays PLC grew its position in shares of Metallus by 72.7% in the fourth quarter. Barclays PLC now owns 120,045 shares of the company's stock valued at $1,697,000 after purchasing an additional 50,543 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Metallus during the 4th quarter worth approximately $236,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Sidoti upgraded Metallus to a "hold" rating in a research report on Friday, May 9th.

Metallus Stock Up 0.4%

Shares of NYSE:MTUS opened at $13.47 on Friday. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $24.31. The stock's fifty day simple moving average is $13.03 and its 200-day simple moving average is $14.38. The company has a market capitalization of $567.19 million, a P/E ratio of 25.90, a P/E/G ratio of 1.02 and a beta of 1.44.

Metallus (NYSE:MTUS - Get Free Report) last announced 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). The firm had revenue of $280.50 million during the quarter, compared to analyst estimates of $264.03 million. Metallus had a net margin of 2.05% and a return on equity of 6.15%. The company's revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. On average, sell-side analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current year.

Metallus Company 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.

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