Charles Schwab Investment Management Inc. lowered its stake in Metallus Inc. (NYSE:MTUS - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 451,952 shares of the company's stock after selling 187,556 shares during the period. Charles Schwab Investment Management Inc. owned 1.06% of Metallus worth $6,386,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC acquired a new position in Metallus in the 3rd quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Metallus in the 3rd quarter valued at $41,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Metallus in the third quarter worth $156,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Metallus during the third quarter worth $159,000. Finally, Franklin Resources Inc. acquired a new position in Metallus during the third quarter valued at $178,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.
Metallus Trading Down 2.5 %
Metallus stock traded down $0.35 during mid-day trading on Friday, hitting $13.60. The company had a trading volume of 374,814 shares, compared to its average volume of 343,130. The company has a market capitalization of $572.63 million, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.02 and a beta of 1.32. The company's fifty day moving average is $14.72 and its 200-day moving average is $14.87. Metallus Inc. has a 12-month low of $12.80 and a 12-month high of $24.31.
Metallus Company 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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