American Century Companies Inc. Acquires 37,552 Shares of Metallus Inc. $MTUS

American Century Companies Inc. raised its stake in shares of Metallus Inc. (NYSE:MTUS) by 2.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,539,129 shares of the company’s stock after acquiring an additional 37,552 shares during the period. American Century Companies Inc. owned approximately 3.68% of Metallus worth $25,442,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Donald Smith & CO. Inc. purchased a new position in shares of Metallus during the second quarter valued at approximately $8,575,000. Systematic Financial Management LP lifted its position in Metallus by 7.2% during the second 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. Brandywine Global Investment Management LLC purchased a new stake in Metallus in the second quarter worth approximately $1,138,000. Strs Ohio grew its position in Metallus by 235.1% in the 3rd quarter. Strs Ohio now owns 38,200 shares of the company’s stock worth $631,000 after purchasing an additional 26,800 shares during the period. Finally, Intech Investment Management LLC grew its position in Metallus by 42.0% in the 2nd quarter. Intech Investment Management LLC now owns 30,062 shares of the company’s stock worth $463,000 after purchasing an additional 8,897 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MTUS. Zacks Research lowered shares of Metallus from a “hold” rating to a “strong sell” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $24.00.

Metallus Trading Down 5.3%

Shares of NYSE MTUS opened at $16.87 on Monday. The firm has a 50 day moving average of $19.27 and a 200 day moving average of $17.78. The firm has a market capitalization of $703.99 million, a price-to-earnings ratio of -562.15, a price-to-earnings-growth ratio of 1.18 and a beta of 1.43. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $21.73.

Metallus (NYSE:MTUS) last announced its earnings results on Thursday, February 19th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.23). Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. The business had revenue of $267.30 million for the quarter, compared to analysts’ expectations of $290.83 million. Sell-side analysts predict that Metallus Inc. will post 0.66 EPS for the current year.

Insider Activity

In other news, COO Kristopher R. Westbrooks sold 2,128 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the sale, the chief operating officer directly owned 189,076 shares in the company, valued at $4,023,537.28. This represents a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 16,104 shares of company stock worth $328,592. Insiders own 3.60% of the company’s stock.

About Metallus

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.