Metallus Inc. (NYSE:MTUS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Metallus Inc. (NYSE:MTUS) by 2,679.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 25,157 shares of the company’s stock after purchasing an additional 24,252 shares during the period. GAMMA Investing LLC owned about 0.06% of Metallus worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MTUS. Quadrant Capital Group LLC lifted its stake in Metallus by 36.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock valued at $42,000 after buying an additional 783 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Metallus by 103.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock worth $67,000 after acquiring an additional 2,431 shares during the last quarter. Vestcor Inc acquired a new position in shares of Metallus in the fourth quarter worth $104,000. ProShare Advisors LLC purchased a new stake in shares of Metallus in the fourth quarter valued at $181,000. Finally, Mariner LLC boosted its stake in shares of Metallus by 59.6% during the fourth quarter. Mariner LLC now owns 16,493 shares of the company’s stock valued at $233,000 after acquiring an additional 6,157 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

Shares of MTUS opened at $14.34 on Friday. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $23.26. The company has a market capitalization of $604.03 million, a PE ratio of -28.69, a price-to-earnings-growth ratio of 1.19 and a beta of 1.33. The stock has a fifty day moving average of $13.28 and a two-hundred day moving average of $14.05.

Metallus (NYSE:MTUS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $264.03 million. Metallus had a negative net margin of 2.05% and a positive return on equity of 0.31%. Metallus’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. As a group, equities research analysts forecast that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Sidoti raised shares of Metallus to a “hold” rating in a research note on Friday, May 9th. Wall Street Zen upgraded shares of Metallus from a “sell” rating to a “hold” rating in a report on Friday, May 30th.

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.