Bank of New York Mellon Corp reduced its holdings in shares of Metallus Inc. (NYSE:MTUS - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,318 shares of the company's stock after selling 32,175 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.62% of Metallus worth $3,749,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Ieq Capital LLC acquired a new position in shares of Metallus during the 4th quarter worth about $273,000. Principal Financial Group Inc. boosted its position in shares of Metallus by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 202,805 shares of the company's stock worth $2,866,000 after acquiring an additional 3,511 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Metallus by 2.8% during the 4th quarter. Rhumbline Advisers now owns 125,443 shares of the company's stock worth $1,772,000 after acquiring an additional 3,386 shares in the last quarter. Azarias Capital Management L.P. acquired a new position in shares of Metallus during the 4th quarter worth about $9,382,000. Finally, Empowered Funds LLC boosted its position in shares of Metallus by 5.1% in the 4th quarter. Empowered Funds LLC now owns 252,700 shares of the company's stock valued at $3,571,000 after purchasing an additional 12,291 shares during the period. 77.58% of the stock is owned by institutional investors and hedge funds.
Metallus Trading Down 6.5 %
Shares of NYSE MTUS traded down $0.90 during trading hours on Friday, reaching $12.98. The stock had a trading volume of 1,155,251 shares, compared to its average volume of 327,043. The firm has a market cap of $546.35 million, a price-to-earnings ratio of 24.95, a PEG ratio of 1.02 and a beta of 1.32. Metallus Inc. has a fifty-two week low of $12.80 and a fifty-two week high of $24.31. The firm has a 50-day moving average of $14.80 and a 200-day moving average of $14.91.
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.
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