Metallus Inc. (NYSE:MTUS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 23.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 155,296 shares of the company's stock after selling 48,159 shares during the period. Assenagon Asset Management S.A. owned about 0.37% of Metallus worth $2,194,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. State Street Corp bought a new position in shares of Metallus in the third quarter worth $32,439,000. Pacer Advisors Inc. bought a new position in Metallus in the 3rd quarter worth about $27,669,000. Systematic Financial Management LP bought a new stake in shares of Metallus during the third quarter valued at about $16,359,000. Janus Henderson Group PLC purchased a new stake in shares of Metallus in the third quarter worth about $15,534,000. Finally, Royce & Associates LP bought a new position in shares of Metallus in the third quarter valued at approximately $14,301,000. Hedge funds and other institutional investors own 77.58% of the company's stock.

Metallus Trading Up 1.1 %

Shares of MTUS traded up $0.16 during mid-day trading on Thursday, reaching $14.82. 278,136 shares of the stock traded hands, compared to its average volume of 303,488. The company has a market cap of $629.70 million, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.39. The firm has a fifty day moving average price of $15.07 and a 200 day moving average price of $16.17. Metallus Inc. has a 1 year low of $13.09 and a 1 year high of $24.31.

Metallus (NYSE:MTUS - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.15). The business had revenue of $227.20 million for the quarter, compared to the consensus estimate of $278.30 million. Metallus had a net margin of 2.05% and a return on equity of 6.15%. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, sell-side analysts anticipate that Metallus Inc. will post 0.64 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.