JPMorgan Chase & Co. increased its position in Metallus Inc. (NYSE:MTUS - Free Report) by 63.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,343 shares of the company's stock after buying an additional 88,572 shares during the quarter. JPMorgan Chase & Co. owned 0.54% of Metallus worth $3,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC purchased a new position in Metallus in the 3rd quarter worth $29,000. HighTower Advisors LLC purchased a new position in shares of Metallus in the third quarter worth about $223,000. Stifel Financial Corp bought a new stake in shares of Metallus in the 3rd quarter valued at about $227,000. Jane Street Group LLC bought a new position in Metallus during the 3rd quarter worth approximately $280,000. Finally, Barclays PLC purchased a new position in Metallus in the 3rd quarter worth approximately $1,031,000. Hedge funds and other institutional investors own 77.58% of the company's stock.
Metallus Stock Down 3.2 %
Shares of Metallus stock traded down $0.42 on Friday, hitting $12.78. The stock had a trading volume of 144,343 shares, compared to its average volume of 351,724. The stock has a market cap of $538.14 million, a price-to-earnings ratio of 24.55, a PEG ratio of 1.02 and a beta of 1.11. The stock's 50-day simple moving average is $13.65 and its two-hundred day simple moving average is $14.55. Metallus Inc. has a one year low of $10.78 and a one year high of $24.31.
About Metallus
(
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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