31,975 Shares of Metallus Inc. $MTUS Bought by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Metallus Inc. (NYSE:MTUS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,975 shares of the company’s stock, valued at approximately $607,000.

A number of other large investors have also recently made changes to their positions in MTUS. BlackRock Inc. purchased a new position in Metallus during the 2nd quarter worth approximately $108,942,000. Donald Smith & CO. Inc. acquired a new position in Metallus during the second quarter worth approximately $11,375,000. Emerald Advisers LLC purchased a new stake in Metallus in the first quarter valued at approximately $6,146,000. Bank of New York Mellon Corp purchased a new stake in Metallus in the second quarter valued at approximately $4,304,000. Finally, Orchard Capital Management LLC purchased a new stake in Metallus in the second quarter valued at approximately $2,554,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kristine Syrvalin sold 5,000 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the transaction, the executive vice president owned 101,078 shares in the company, valued at $2,134,767.36. The trade was a 4.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 10,723 shares of company stock worth $231,506 over the last 90 days. Company insiders own 3.80% of the company’s stock.

Metallus Stock Performance

NYSE MTUS opened at $17.58 on Thursday. The firm has a market cap of $725.37 million, a PE ratio of 31.97, a P/E/G ratio of 1.49 and a beta of 1.36. Metallus Inc. has a one year low of $14.19 and a one year high of $22.58. The firm’s fifty day moving average is $19.57 and its two-hundred day moving average is $19.08.

Metallus (NYSE:MTUS) last announced its earnings results on Monday, November 2nd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Metallus had a net margin of 1.90% and a return on equity of 3.75%. The business had revenue of $259.70 million during the quarter, compared to the consensus estimate of $345.15 million. Research analysts predict that Metallus Inc. will post 0.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTUS shares. KeyCorp reissued a “sector weight” rating on shares of Metallus in a report on Wednesday, November 4th. Zacks Research upgraded shares of Metallus from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Metallus has an average rating of “Moderate Buy”.

About Metallus

Metallus manufactures specialty steel products, including alloy, carbon and micro-alloy steel bars, billets and seamless mechanical tubing. The company also provides services such as heat treatment, machining and finishing to meet customer specifications. Its products serve a range of industries, including automotive, industrial equipment, energy, defense and heavy machinery. Based in Canton, Ohio, Metallus serves customers in North America and other markets. The company was formerly known as TimkenSteel and became an independent public company after its 2014 separation from The Timken Company.