Renaissance Technologies LLC cut its holdings in Metallus Inc. (NYSE:MTUS - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,018,033 shares of the company's stock after selling 22,100 shares during the quarter. Renaissance Technologies LLC owned approximately 2.40% of Metallus worth $14,385,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC purchased a new stake in shares of Metallus in the 3rd quarter worth approximately $29,000. Quadrant Capital Group LLC raised its stake in Metallus by 36.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock worth $42,000 after buying an additional 783 shares in the last quarter. Vestcor Inc purchased a new stake in Metallus during the fourth quarter worth $104,000. Y Intercept Hong Kong Ltd bought a new stake in Metallus during the 3rd quarter valued at $156,000. Finally, Franklin Resources Inc. purchased a new position in shares of Metallus in the 3rd quarter valued at $178,000. 77.58% of the stock is currently owned by institutional investors.
Metallus Stock Performance
MTUS stock traded up $0.21 during trading on Friday, reaching $12.96. 290,096 shares of the company traded hands, compared to its average volume of 351,977. The company has a market capitalization of $545.72 million, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.02 and a beta of 1.11. The business has a 50 day simple moving average of $13.83 and a 200 day simple moving average of $14.58. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $24.31.
Metallus Company Profile
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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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