JPMorgan Chase & Co. lifted its position in Metallus Inc. (NYSE:MTUS - Free Report) by 63.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,343 shares of the company's stock after purchasing an additional 88,572 shares during the quarter. JPMorgan Chase & Co. owned about 0.54% of Metallus worth $3,212,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. FMR LLC purchased a new stake in shares of Metallus during the 3rd quarter valued at about $29,000. Vestcor Inc bought a new stake in Metallus during the fourth quarter worth approximately $104,000. Franklin Resources Inc. purchased a new stake in Metallus during the third quarter valued at approximately $178,000. HighTower Advisors LLC bought a new stake in shares of Metallus in the 3rd quarter valued at approximately $223,000. Finally, Stifel Financial Corp purchased a new position in shares of Metallus in the 3rd quarter worth approximately $227,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.
Metallus Trading Down 2.7 %
Shares of NYSE MTUS traded down $0.35 during trading hours on Friday, hitting $12.85. 311,191 shares of the company traded hands, compared to its average volume of 352,721. The company's 50 day moving average price is $13.59 and its 200 day moving average price is $14.54. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $24.31. The stock has a market capitalization of $541.09 million, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11.
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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