Donald Smith & CO. Inc. Has $16.54 Million Stake in Metallus Inc. $MTUS

Donald Smith & CO. Inc. grew its position in Metallus Inc. (NYSE:MTUS) by 49.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 963,671 shares of the company’s stock after purchasing an additional 319,465 shares during the quarter. Donald Smith & CO. Inc.’s holdings in Metallus were worth $16,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hodges Capital Management Inc. boosted its stake in shares of Metallus by 21.5% in the fourth quarter. Hodges Capital Management Inc. now owns 15,810 shares of the company’s stock valued at $271,000 after buying an additional 2,800 shares during the period. State of Wyoming boosted its stake in shares of Metallus by 1,215.5% in the fourth quarter. State of Wyoming now owns 8,998 shares of the company’s stock valued at $154,000 after buying an additional 8,314 shares during the period. Royce & Associates LP boosted its stake in shares of Metallus by 2.9% in the fourth quarter. Royce & Associates LP now owns 863,170 shares of the company’s stock valued at $14,812,000 after buying an additional 24,413 shares during the period. MGO One Seven LLC bought a new stake in shares of Metallus in the fourth quarter valued at approximately $172,000. Finally, Mutual Advisors LLC boosted its stake in shares of Metallus by 5.5% in the fourth quarter. Mutual Advisors LLC now owns 66,016 shares of the company’s stock valued at $1,133,000 after buying an additional 3,423 shares during the period. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Price Performance

NYSE MTUS opened at $19.82 on Thursday. The business has a fifty day moving average price of $18.44 and a two-hundred day moving average price of $18.25. Metallus Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $21.73. The stock has a market capitalization of $825.11 million, a PE ratio of 283.18, a PEG ratio of 1.36 and a beta of 1.35.

Metallus (NYSE:MTUS) last released its earnings results on Monday, May 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. Metallus had a return on equity of 2.96% and a net margin of 0.24%.The firm had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $303.47 million. As a group, sell-side analysts expect that Metallus Inc. will post 0.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTUS shares. Wall Street Zen cut Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. KeyCorp started coverage on Metallus in a research note on Wednesday, March 25th. They issued a “sector weight” rating for the company. Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.00.

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.