Two Sigma Investments LP Decreases Stock Holdings in Metallus Inc. (NYSE:MTUS)

Two Sigma Investments LP reduced its stake in Metallus Inc. (NYSE:MTUS) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,902 shares of the company’s stock after selling 2,707 shares during the quarter. Two Sigma Investments LP owned about 0.36% of Metallus worth $2,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Metallus by 5.1% in the 4th quarter. Empowered Funds LLC now owns 252,700 shares of the company’s stock worth $3,571,000 after buying an additional 12,291 shares during the period. Azarias Capital Management L.P. acquired a new stake in Metallus in the 4th quarter valued at $9,382,000. Rhumbline Advisers grew its stake in Metallus by 2.8% in the 4th quarter. Rhumbline Advisers now owns 125,443 shares of the company’s stock valued at $1,772,000 after acquiring an additional 3,386 shares during the period. Principal Financial Group Inc. grew its stake in Metallus by 1.8% in the 4th quarter. Principal Financial Group Inc. now owns 202,805 shares of the company’s stock valued at $2,866,000 after acquiring an additional 3,511 shares during the period. Finally, Ieq Capital LLC purchased a new position in Metallus in the 4th quarter valued at $273,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTUS has been the topic of a number of research reports. Wall Street Zen upgraded Metallus from a “sell” rating to a “hold” rating in a report on Friday. Sidoti raised Metallus to a “hold” rating in a research report on Friday, May 9th.

Metallus Trading Down 1.1%

Shares of NYSE:MTUS opened at $12.66 on Monday. The company has a market capitalization of $533.09 million, a price-to-earnings ratio of 24.35, a PEG ratio of 1.02 and a beta of 1.44. The business has a 50-day moving average price of $12.83 and a 200 day moving average price of $14.19. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $24.28.

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

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.