Donald Smith & CO. Inc. Purchases New Holdings in Metallus Inc. $MTUS

Donald Smith & CO. Inc. purchased a new position in shares of Metallus Inc. (NYSE:MTUS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 556,489 shares of the company’s stock, valued at approximately $8,575,000. Donald Smith & CO. Inc. owned about 1.33% of Metallus as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Metallus by 68.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company’s stock valued at $25,885,000 after buying an additional 784,804 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Metallus by 4.2% during the 2nd quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock worth $23,139,000 after purchasing an additional 60,251 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of Metallus by 7.2% in the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after purchasing an additional 94,455 shares during the period. Invenomic Capital Management LP acquired a new stake in Metallus in the 1st quarter valued at about $8,701,000. Finally, Azarias Capital Management L.P. lifted its stake in Metallus by 14.1% in the 2nd quarter. Azarias Capital Management L.P. now owns 593,036 shares of the company’s stock valued at $9,139,000 after purchasing an additional 73,263 shares during the last quarter. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Up 0.5%

Shares of NYSE:MTUS opened at $17.40 on Friday. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $18.50. The company’s 50 day moving average price is $16.87 and its two-hundred day moving average price is $16.02. The firm has a market cap of $724.65 million, a PE ratio of -91.57, a PEG ratio of 1.90 and a beta of 1.45.

Metallus (NYSE:MTUS) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.11. Metallus had a positive return on equity of 2.94% and a negative net margin of 0.73%.The business had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $307.90 million. On average, research analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on MTUS. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Metallus from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Metallus presently has an average rating of “Hold” and an average price target 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.