Raymond James Financial Inc. Purchases New Position in Metallus Inc. (NYSE:MTUS)

Raymond James Financial Inc. bought a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,683 shares of the company's stock, valued at approximately $335,000. Raymond James Financial Inc. owned 0.06% of Metallus as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Metallus by 36.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company's stock valued at $42,000 after buying an additional 783 shares in the last quarter. WINTON GROUP Ltd boosted its stake in Metallus by 3.4% in the fourth quarter. WINTON GROUP Ltd now owns 75,078 shares of the company's stock valued at $1,061,000 after acquiring an additional 2,456 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Metallus by 5.4% in the fourth quarter. Alliancebernstein L.P. now owns 49,239 shares of the company's stock worth $696,000 after purchasing an additional 2,509 shares during the last quarter. Rhumbline Advisers increased its position in shares of Metallus by 2.8% during the fourth quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock worth $1,772,000 after purchasing an additional 3,386 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of 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 purchasing an additional 3,511 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company's stock.

Analyst Upgrades and Downgrades

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

Metallus Stock Up 0.7%

Shares of NYSE:MTUS traded up $0.09 during trading on Thursday, hitting $13.51. The stock had a trading volume of 72,692 shares, compared to its average volume of 361,127. The stock has a 50-day simple moving average of $13.04 and a two-hundred day simple moving average of $14.39. The stock has a market capitalization of $568.79 million, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $24.31.

Metallus (NYSE:MTUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The business had revenue of $280.50 million for 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 business's revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. As a group, sell-side analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current year.

About Metallus

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.