Janus Henderson Group PLC Cuts Stake in Metallus Inc. (NYSE:MTUS)

Janus Henderson Group PLC lowered its position in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 898,182 shares of the company's stock after selling 149,258 shares during the quarter. Janus Henderson Group PLC owned about 2.11% of Metallus worth $12,691,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new stake in Metallus in the 4th quarter valued at $649,000. Manatuck Hill Partners LLC purchased a new stake in Metallus in the 4th quarter valued at $883,000. Jane Street Group LLC increased its position in Metallus by 334.9% during the fourth quarter. Jane Street Group LLC now owns 82,236 shares of the company's stock worth $1,162,000 after purchasing an additional 63,327 shares during the last quarter. Northern Trust Corp lifted its holdings in Metallus by 27.8% in the fourth quarter. Northern Trust Corp now owns 518,790 shares of the company's stock valued at $7,331,000 after acquiring an additional 112,758 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Metallus by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,472 shares of the company's stock worth $841,000 after purchasing an additional 779 shares during the period. Hedge funds and other institutional investors own 77.58% of the company's stock.

Analyst Ratings Changes

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

Metallus Price Performance

Shares of NYSE MTUS traded down $0.64 during mid-day trading on Wednesday, hitting $12.41. The company had a trading volume of 237,896 shares, compared to its average volume of 362,103. The company has a market capitalization of $522.56 million, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. The business's 50-day simple moving average is $13.01 and its 200 day simple moving average is $14.36. Metallus Inc. has a 1-year low of $10.78 and a 1-year high of $24.28.

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