Strs Ohio Acquires 26,800 Shares of Metallus Inc. $MTUS

Strs Ohio increased its holdings in Metallus Inc. (NYSE:MTUS) by 235.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,200 shares of the company’s stock after buying an additional 26,800 shares during the quarter. Strs Ohio’s holdings in Metallus were worth $631,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Huntington National Bank grew its stake in shares of Metallus by 85.1% in the 2nd quarter. Huntington National Bank now owns 5,470 shares of the company’s stock valued at $84,000 after purchasing an additional 2,515 shares during the period. Quantbot Technologies LP acquired a new stake in Metallus in the 2nd quarter valued at $110,000. Tower Research Capital LLC TRC grew its position in Metallus by 897.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,226 shares of the company’s stock valued at $173,000 after acquiring an additional 10,100 shares during the period. International Assets Investment Management LLC bought a new position in shares of Metallus during the second quarter valued at $203,000. Finally, SG Americas Securities LLC bought a new position in shares of Metallus during the third quarter valued at $207,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Stock Up 3.0%

Shares of NYSE:MTUS opened at $19.83 on Friday. The firm has a market cap of $825.88 million, a P/E ratio of -104.36, a P/E/G ratio of 1.14 and a beta of 1.47. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $21.01. The company’s 50-day moving average price is $18.30 and its two-hundred day moving average price is $17.15.

Metallus (NYSE:MTUS) last announced its earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. Metallus had a negative net margin of 0.73% and a positive return on equity of 2.94%. The company had revenue of $241.90 million for the quarter, compared to analyst estimates of $307.90 million. As a group, equities analysts predict that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Metallus from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Zacks Research cut shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $24.00.

Insider Transactions at Metallus

In other Metallus news, COO Kristopher R. Westbrooks sold 10,932 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $20.06, for a total value of $219,295.92. Following the transaction, the chief operating officer directly owned 189,076 shares in the company, valued at approximately $3,792,864.56. This trade represents a 5.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

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.