Rhumbline Advisers Sells 8,151 Shares of Metallus Inc. (NYSE:MTUS)

Rhumbline Advisers cut its holdings in shares of Metallus Inc. (NYSE:MTUS) by 6.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,292 shares of the company’s stock after selling 8,151 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Metallus worth $1,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTUS. Quadrant Capital Group LLC lifted its position in Metallus by 36.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock worth $42,000 after buying an additional 783 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Metallus by 103.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock worth $67,000 after buying an additional 2,431 shares in the last quarter. Vestcor Inc bought a new stake in shares of Metallus in the 4th quarter valued at about $104,000. ProShare Advisors LLC bought a new stake in shares of Metallus in the 4th quarter valued at about $181,000. Finally, Mariner LLC raised its holdings in shares of Metallus by 59.6% in the 4th quarter. Mariner LLC now owns 16,493 shares of the company’s stock valued at $233,000 after purchasing an additional 6,157 shares during the period. 77.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MTUS shares. Sidoti raised shares of Metallus to a “hold” rating in a report on Friday, May 9th. Wall Street Zen raised shares of Metallus from a “sell” rating to a “hold” rating in a report on Friday, May 30th.

Metallus Stock Performance

Shares of MTUS stock opened at $14.47 on Thursday. The firm’s 50-day moving average is $13.20 and its 200-day moving average is $14.09. The stock has a market cap of $609.33 million, a price-to-earnings ratio of -28.94, a PEG ratio of 1.18 and a beta of 1.33. Metallus Inc. has a 52-week low of $10.78 and a 52-week high of $23.26.

Metallus (NYSE:MTUS) last released its quarterly 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 company had revenue of $280.50 million during the quarter, compared to the consensus estimate of $264.03 million. Metallus had a negative net margin of 2.05% and a positive return on equity of 0.31%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. Sell-side analysts predict that Metallus Inc. will post 0.66 EPS for the current fiscal year.

About Metallus

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.