Donald Smith & CO. Inc. Takes Position in Metallus Inc. $MTUS

Donald Smith & CO. Inc. bought a new position in Metallus Inc. (NYSE:MTUS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 608,595 shares of the company’s stock, valued at approximately $11,375,000. Donald Smith & CO. Inc. owned approximately 1.47% of Metallus at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Metallus during the second quarter valued at approximately $108,942,000. Vanguard Group Inc. raised its position in shares of Metallus by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,880,168 shares of the company’s stock valued at $49,424,000 after purchasing an additional 20,295 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Metallus by 1.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock valued at $31,964,000 after purchasing an additional 23,596 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Metallus by 9.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,059,033 shares of the company’s stock valued at $18,173,000 after buying an additional 90,200 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Metallus by 17.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 881,941 shares of the company’s stock valued at $15,134,000 after buying an additional 130,752 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

Shares of NYSE MTUS opened at $19.60 on Friday. The company has a market cap of $812.42 million, a P/E ratio of 103.16, a P/E/G ratio of 1.57 and a beta of 1.36. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $22.58. The firm’s fifty day moving average is $19.98 and its two-hundred day moving average is $18.85.

Metallus (NYSE:MTUS) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $261.40 million during the quarter, compared to analyst estimates of $330.85 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%. As a group, analysts forecast that Metallus Inc. will post 0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MTUS has been the subject of a number of analyst reports. Weiss Ratings raised Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. KeyCorp restated a “sector weight” rating on shares of Metallus in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus 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.