Renaissance Technologies LLC Reduces Stock Position in Metallus Inc. $MTUS

Renaissance Technologies LLC cut its holdings in Metallus Inc. (NYSE:MTUS) by 3.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,019,546 shares of the company’s stock after selling 39,487 shares during the period. Renaissance Technologies LLC’s holdings in Metallus were worth $16,659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Unison Advisors LLC acquired a new position in shares of Metallus in the 4th quarter worth $724,000. Emerald Advisers LLC purchased a new stake in shares of Metallus during the first quarter valued at $6,146,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Metallus in the 1st quarter valued at $3,887,000. Bastion Asset Management Inc. purchased a new position in Metallus in the 1st quarter worth about $1,450,000. Finally, Inceptionr LLC purchased a new position in Metallus in the 1st quarter worth about $808,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Metallus Price Performance

NYSE MTUS opened at $19.81 on Friday. The firm has a market capitalization of $824.61 million, a price-to-earnings ratio of 283.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.36. The company has a 50 day simple moving average of $19.56 and a 200-day simple moving average of $18.71. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $21.74.

Metallus (NYSE:MTUS) last released 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. Metallus had a net margin of 0.24% and a return on equity of 2.96%. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $303.47 million. On average, analysts predict that Metallus Inc. will post 0.84 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on MTUS. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average 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.