Metallus Inc. (NYSE:MTUS) Holdings Decreased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of Metallus Inc. (NYSE:MTUS) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,292 shares of the company’s stock after selling 786 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Metallus were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Amundi grew its holdings in shares of Metallus by 207.8% during the fourth quarter. Amundi now owns 23,845 shares of the company’s stock valued at $320,000 after buying an additional 16,097 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Metallus by 1.8% during the fourth quarter. Principal Financial Group Inc. now owns 202,805 shares of the company’s stock valued at $2,866,000 after buying an additional 3,511 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Metallus by 2.8% during the fourth quarter. Rhumbline Advisers now owns 125,443 shares of the company’s stock valued at $1,772,000 after buying an additional 3,386 shares in the last quarter. Barclays PLC grew its holdings in shares of Metallus by 72.7% during the fourth quarter. Barclays PLC now owns 120,045 shares of the company’s stock valued at $1,697,000 after buying an additional 50,543 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Metallus during the fourth quarter valued at $236,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Sidoti upgraded Metallus to a “hold” rating in a report on Friday, May 9th.

Metallus Price Performance

Shares of NYSE MTUS opened at $13.40 on Monday. The business’s 50-day moving average price is $13.01 and its two-hundred day moving average price is $14.38. Metallus Inc. has a one year low of $10.78 and a one year high of $24.31. The company has a market capitalization of $564.04 million, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44.

Metallus (NYSE:MTUS) last issued its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Metallus had a net margin of 2.05% and a return on equity of 6.15%. The firm had revenue of $280.50 million during the quarter, compared to analysts’ expectations of $264.03 million. During the same quarter last year, the firm earned $0.56 EPS. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, equities analysts anticipate that Metallus Inc. will post 0.66 EPS for the current 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.