Metallus Inc. (NYSE:MTUS) Stock Holdings Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in shares of Metallus Inc. (NYSE:MTUS) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,292 shares of the company’s stock after selling 786 shares during the period. The Manufacturers Life Insurance Company’s holdings in Metallus were worth $216,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Metallus by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 3,257,534 shares of the company’s stock valued at $46,029,000 after acquiring an additional 43,244 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Metallus by 11.6% in the 4th quarter. American Century Companies Inc. now owns 1,316,292 shares of the company’s stock worth $18,599,000 after buying an additional 137,007 shares in the last quarter. Royce & Associates LP raised its stake in shares of Metallus by 13.3% in the 4th quarter. Royce & Associates LP now owns 1,092,768 shares of the company’s stock worth $15,441,000 after buying an additional 128,437 shares in the last quarter. Azarias Capital Management L.P. bought a new stake in shares of Metallus in the 4th quarter worth $9,382,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Metallus by 4.4% in the 4th quarter. Russell Investments Group Ltd. now owns 269,827 shares of the company’s stock worth $3,813,000 after buying an additional 11,449 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

MTUS opened at $13.40 on Monday. Metallus Inc. has a one year low of $10.78 and a one year high of $24.31. The stock’s fifty day moving average is $13.01 and its 200-day moving average is $14.38. The company has a market capitalization of $564.04 million, a PE ratio of 25.76, a P/E/G ratio of 1.02 and a beta of 1.44.

Metallus (NYSE:MTUS) last issued its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $280.50 million during the quarter, compared to analyst estimates of $264.03 million. Metallus had a return on equity of 6.15% and a net margin of 2.05%. The business’s revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, equities research analysts forecast that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Sidoti raised Metallus to a “hold” rating in a research note on Friday, May 9th.

Metallus 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.