JPMorgan Chase & Co. Increases Holdings in Metallus Inc. (NYSE:MTUS)

JPMorgan Chase & Co. increased its holdings in shares of Metallus Inc. (NYSE:MTUS) by 63.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,343 shares of the company’s stock after purchasing an additional 88,572 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.54% of Metallus worth $3,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTUS. FMR LLC purchased a new stake in Metallus during the 3rd quarter valued at approximately $29,000. Vestcor Inc bought a new position in shares of Metallus during the fourth quarter worth $104,000. Franklin Resources Inc. purchased a new position in Metallus during the third quarter valued at $178,000. HighTower Advisors LLC bought a new stake in Metallus in the 3rd quarter valued at $223,000. Finally, Stifel Financial Corp purchased a new stake in Metallus in the 3rd quarter worth $227,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Down 0.8 %

Shares of Metallus stock opened at $12.86 on Tuesday. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $24.31. The business has a 50-day moving average price of $13.78 and a 200-day moving average price of $14.57. The firm has a market cap of $541.51 million, a price-to-earnings ratio of 24.73, a PEG ratio of 1.02 and a beta of 1.11.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.