Metallus Inc. $MTUS Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its stake in Metallus Inc. (NYSE:MTUS) by 22.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,523 shares of the company’s stock after selling 70,314 shares during the period. South Dakota Investment Council’s holdings in Metallus were worth $3,946,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantinno Capital Management LP grew its holdings in shares of Metallus by 53.0% in the 1st quarter. Quantinno Capital Management LP now owns 54,939 shares of the company’s stock worth $898,000 after acquiring an additional 19,026 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Metallus during the first quarter worth $228,000. Inceptionr LLC purchased a new stake in shares of Metallus during the first quarter valued at $808,000. Sei Investments Co. lifted its holdings in shares of Metallus by 32.1% during the first quarter. Sei Investments Co. now owns 287,643 shares of the company’s stock valued at $4,700,000 after purchasing an additional 69,874 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in shares of Metallus in the 1st quarter valued at $1,450,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Metallus Stock Performance

NYSE MTUS opened at $19.81 on Friday. The firm’s 50 day moving average price is $19.56 and its two-hundred day moving average price is $18.71. Metallus Inc. has a twelve month low of $14.19 and a twelve month high of $21.74. The stock has a market cap of $824.61 million, a price-to-earnings ratio of 283.03, a PEG ratio of 1.58 and a beta of 1.36.

Metallus (NYSE:MTUS) last released its earnings results on Monday, May 4th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The company had revenue of $238.30 million during the quarter, compared to analyst estimates of $303.47 million. Metallus had a return on equity of 2.96% and a net margin of 0.24%. On average, research analysts forecast that Metallus Inc. will post 0.84 EPS for the current fiscal year.

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.