Charles Schwab Investment Management Inc. purchased a new position in Metallus Inc. (NYSE:MTUS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 639,508 shares of the company's stock, valued at approximately $9,484,000. Charles Schwab Investment Management Inc. owned approximately 1.47% of Metallus as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new position in Metallus in the 3rd quarter worth $27,669,000. Royce & Associates LP purchased a new position in Metallus in the 3rd quarter worth approximately $14,301,000. Empowered Funds LLC purchased a new position in Metallus in the 3rd quarter worth approximately $3,565,000. Assenagon Asset Management S.A. purchased a new stake in Metallus during the 3rd quarter valued at approximately $3,017,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Metallus during the third quarter valued at approximately $2,956,000. Institutional investors own 77.58% of the company's stock.
Metallus Price Performance
Shares of MTUS stock traded down $0.30 during mid-day trading on Tuesday, hitting $16.69. The company had a trading volume of 418,548 shares, compared to its average volume of 298,109. The company has a market capitalization of $709.22 million, a P/E ratio of 32.69, a P/E/G ratio of 1.71 and a beta of 1.39. The stock's 50 day moving average price is $15.15 and its 200-day moving average price is $17.69. Metallus Inc. has a 52-week low of $13.82 and a 52-week high of $24.31.
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.
Read More
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
