Metallus Inc. $MTUS Stake Cut by Systematic Financial Management LP

Systematic Financial Management LP cut its holdings in shares of Metallus Inc. (NYSE:MTUS) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,361,850 shares of the company’s stock after selling 28,222 shares during the quarter. Systematic Financial Management LP owned 3.27% of Metallus worth $22,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Keybank National Association OH lifted its position in shares of Metallus by 2.6% in the fourth quarter. Keybank National Association OH now owns 40,214 shares of the company’s stock worth $690,000 after purchasing an additional 1,001 shares in the last quarter. Hodges Capital Management Inc. grew its position in Metallus by 8.2% during the first quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company’s stock valued at $280,000 after purchasing an additional 1,300 shares in the last quarter. SG Americas Securities LLC grew its position in Metallus by 12.0% during the fourth quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock valued at $240,000 after purchasing an additional 1,499 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Metallus by 8.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company’s stock valued at $328,000 after buying an additional 1,617 shares during the period. Finally, Swiss National Bank increased its stake in Metallus by 2.6% in the 4th quarter. Swiss National Bank now owns 74,300 shares of the company’s stock valued at $1,275,000 after buying an additional 1,900 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

NYSE:MTUS opened at $20.63 on Friday. The stock’s 50 day moving average price is $19.31 and its 200 day moving average price is $18.65. Metallus Inc. has a 52 week low of $14.19 and a 52 week high of $21.73. The company has a market capitalization of $858.95 million, a P/E ratio of 294.80, a P/E/G ratio of 1.58 and a beta of 1.36.

Metallus (NYSE:MTUS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $303.47 million. Metallus had a net margin of 0.24% and a return on equity of 2.96%. As a group, sell-side analysts forecast that Metallus Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTUS has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Metallus currently has a consensus rating of “Hold”.

Metallus Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.