New York State Teachers Retirement System Sells 12,408 Shares of Metallus Inc. (NYSE:MTUS)

New York State Teachers Retirement System trimmed its position in Metallus Inc. (NYSE:MTUS) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,370 shares of the company’s stock after selling 12,408 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Metallus worth $686,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Metallus by 5.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,610 shares of the company’s stock valued at $235,000 after purchasing an additional 839 shares during the period. GAMMA Investing LLC raised its position in shares of Metallus by 108.1% in the first quarter. GAMMA Investing LLC now owns 1,883 shares of the company’s stock worth $25,000 after buying an additional 978 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Metallus by 6.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,144 shares of the company’s stock valued at $1,118,000 after buying an additional 4,732 shares during the period. Squarepoint Ops LLC purchased a new position in Metallus during the fourth quarter worth about $255,000. Finally, State of Wyoming increased its stake in Metallus by 9.5% in the 4th quarter. State of Wyoming now owns 17,831 shares of the company’s stock worth $252,000 after acquiring an additional 1,541 shares during the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Stock Up 1.8%

MTUS opened at $16.34 on Friday. The business’s fifty day simple moving average is $14.08 and its 200 day simple moving average is $14.05. Metallus Inc. has a 52 week low of $10.78 and a 52 week high of $23.26. The stock has a market cap of $687.87 million, a PE ratio of -32.67, a P/E/G ratio of 1.32 and a beta of 1.37.

Metallus (NYSE:MTUS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.04). The firm had revenue of $280.50 million for 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%. Metallus’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. As a group, equities analysts anticipate that Metallus Inc. will post 0.66 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MTUS shares. Wall Street Zen upgraded Metallus from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Sidoti raised shares of Metallus to a “hold” rating in a research note on Friday, May 9th.

Insider Buying and Selling

In related news, EVP Kristine C. Syrvalin sold 7,500 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president owned 97,410 shares of the company’s stock, valued at approximately $1,558,560. This trade represents a 7.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $16.00, for a total transaction of $64,000.00. Following the sale, the chief operating officer owned 197,076 shares of the company’s stock, valued at approximately $3,153,216. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

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.