Deutsche Bank AG Sells 3,674 Shares of Metallus Inc. $MTUS

Deutsche Bank AG lowered its stake in shares of Metallus Inc. (NYSE:MTUS) by 10.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,914 shares of the company’s stock after selling 3,674 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Metallus worth $413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Metallus by 1.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,472 shares of the company’s stock worth $841,000 after purchasing an additional 779 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Metallus by 5.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,610 shares of the company’s stock worth $235,000 after purchasing an additional 839 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Metallus by 108.1% during the 1st 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. CWM LLC boosted its position in Metallus by 60.2% in the 1st quarter. CWM LLC now owns 3,421 shares of the company’s stock valued at $46,000 after buying an additional 1,286 shares during the last quarter. Finally, State of Wyoming boosted its position in Metallus by 9.5% in the 4th quarter. State of Wyoming now owns 17,831 shares of the company’s stock valued at $252,000 after buying an additional 1,541 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Down 0.9%

MTUS opened at $16.61 on Thursday. The stock has a market cap of $694.84 million, a P/E ratio of -32.57, a P/E/G ratio of 1.89 and a beta of 1.42. Metallus Inc. has a 12 month low of $10.78 and a 12 month high of $18.17. The company has a fifty day simple moving average of $15.93 and a 200 day simple moving average of $14.42.

Metallus (NYSE:MTUS) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $304.60 million for the quarter, compared to analyst estimates of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. On average, equities research analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Metallus

In other news, COO Kristopher R. Westbrooks sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $72,000.00. Following the sale, the chief operating officer owned 193,076 shares of the company’s stock, valued at $3,475,368. The trade was a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Nicholas A. Yacobozzi sold 21,974 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.00, for a total transaction of $395,532.00. Following the transaction, the chief accounting officer owned 48,889 shares of the company’s stock, valued at $880,002. The trade was a 31.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,974 shares of company stock worth $786,532. Corporate insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

MTUS has been the subject of a number of recent research reports. Wall Street Zen upgraded Metallus from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Sidoti raised Metallus to a “hold” rating in a report on Friday, May 9th. Finally, Northcoast Research assumed coverage on shares of Metallus in a research report on Wednesday, July 23rd. They set a “buy” rating and a $24.00 target price on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

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.