Jacobs Levy Equity Management Inc. bought a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 55,776 shares of the company's stock, valued at approximately $827,000. Jacobs Levy Equity Management Inc. owned approximately 0.13% of Metallus at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in MTUS. Janus Henderson Group PLC purchased a new stake in shares of Metallus in the third quarter worth $15,534,000. HighTower Advisors LLC purchased a new stake in shares of Metallus in the third quarter worth $223,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Metallus in the third quarter worth $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Metallus in the third quarter worth $1,104,000. Finally, Public Sector Pension Investment Board purchased a new stake in shares of Metallus in the third quarter worth $1,203,000. Hedge funds and other institutional investors own 77.58% of the company's stock.
Metallus Stock Down 1.8 %
Shares of MTUS stock traded down $0.30 on Tuesday, reaching $16.69. The company's stock had a trading volume of 418,548 shares, compared to its average volume of 298,630. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31. The company has a market capitalization of $709.22 million, a P/E ratio of 32.10, a PEG ratio of 1.71 and a beta of 1.39. The stock's 50 day simple moving average is $15.19 and its 200-day simple moving average is $17.64.
Metallus Profile
(
Free Report)
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.
Further Reading
Before you consider Metallus, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Metallus wasn't on the list.
While Metallus currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
