Balyasny Asset Management L.P. Invests $649,000 in Metallus Inc. (NYSE:MTUS)

Balyasny Asset Management L.P. acquired a new stake in Metallus Inc. (NYSE:MTUS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,943 shares of the company’s stock, valued at approximately $649,000.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Metallus by 1.3% during the 4th 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 during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Metallus by 36.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,943 shares of the company’s stock worth $42,000 after purchasing an additional 783 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Metallus by 103.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,775 shares of the company’s stock worth $67,000 after purchasing an additional 2,431 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Metallus by 3.4% during the 4th quarter. WINTON GROUP Ltd now owns 75,078 shares of the company’s stock worth $1,061,000 after purchasing an additional 2,456 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Metallus by 5.4% during the 4th quarter. Alliancebernstein L.P. now owns 49,239 shares of the company’s stock worth $696,000 after purchasing an additional 2,509 shares during the last quarter. 77.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Sidoti raised shares of Metallus to a “hold” rating in a research note on Friday, May 9th.

Metallus Price Performance

Shares of MTUS stock opened at $13.47 on Friday. The firm has a market cap of $567.19 million, a P/E ratio of 25.90, a PEG ratio of 1.02 and a beta of 1.44. Metallus Inc. has a 1-year low of $10.78 and a 1-year high of $24.31. The firm’s 50-day simple moving average is $13.03 and its 200-day simple moving average is $14.38.

Metallus (NYSE:MTUS) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $280.50 million for the quarter, compared to analysts’ expectations of $264.03 million. Metallus had a return on equity of 6.15% and a net margin of 2.05%. The company’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 earnings per share. Analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

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.