Metallus Inc. $MTUS Stock Position Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in shares of Metallus Inc. (NYSE:MTUS) by 90.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,488 shares of the company’s stock after selling 103,806 shares during the period. Assenagon Asset Management S.A.’s holdings in Metallus were worth $190,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Metallus by 68.1% during 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 during the last quarter. American Century Companies Inc. increased its position in Metallus by 4.2% in the 2nd quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock valued at $23,139,000 after acquiring an additional 60,251 shares during the period. Systematic Financial Management LP raised its stake in Metallus by 7.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after acquiring an additional 94,455 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Metallus by 51.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after acquiring an additional 221,828 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new position in Metallus during the 1st quarter worth $8,701,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Wall Street Analysts Forecast Growth

MTUS has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Metallus from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. One equities research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.00.

Metallus Price Performance

Shares of MTUS opened at $17.80 on Friday. The firm’s 50 day moving average is $17.27 and its 200-day moving average is $16.50. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $19.19. The stock has a market capitalization of $741.33 million, a P/E ratio of -93.68, a P/E/G ratio of 1.96 and a beta of 1.45.

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

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.