42,215 Shares in Metallus Inc. $MTUS Bought by Unison Advisors LLC

Unison Advisors LLC bought a new stake in shares of Metallus Inc. (NYSE:MTUS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,215 shares of the company’s stock, valued at approximately $724,000. Unison Advisors LLC owned 0.10% of Metallus at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Metallus by 2.1% in the third quarter. Vanguard Group Inc. now owns 2,859,873 shares of the company’s stock worth $47,274,000 after buying an additional 59,392 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Metallus by 1.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock valued at $31,964,000 after acquiring an additional 23,596 shares in the last quarter. American Century Companies Inc. lifted its holdings in Metallus by 2.5% in the third quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock valued at $25,442,000 after acquiring an additional 37,552 shares during the period. Ameriprise Financial Inc. boosted its position in Metallus by 51.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock worth $10,099,000 after purchasing an additional 221,828 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new stake in Metallus in the 2nd quarter worth approximately $8,575,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Metallus from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, KeyCorp initiated coverage on shares of Metallus in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $24.00.

Insiders Place Their Bets

In related news, COO Kristopher R. Westbrooks sold 10,932 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total transaction of $219,295.92. Following the completion of the sale, the chief operating officer owned 189,076 shares of the company’s stock, valued at approximately $3,792,864.56. This represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 16,104 shares of company stock worth $328,592 in the last quarter. Insiders own 3.80% of the company’s stock.

Metallus Stock Performance

NYSE MTUS opened at $16.23 on Monday. The business has a fifty day moving average price of $17.95 and a 200 day moving average price of $17.66. The company has a market cap of $677.24 million, a P/E ratio of -540.79, a P/E/G ratio of 1.13 and a beta of 1.31. Metallus Inc. has a one year low of $10.78 and a one year high of $21.73.

Metallus (NYSE:MTUS) last announced its earnings results on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.23). The business had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%. As a group, sell-side analysts predict that Metallus Inc. will post 0.66 EPS for the current fiscal year.

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.