New York State Teachers Retirement System Acquires New Shares in Metallus Inc. (NYSE:MTUS)

New York State Teachers Retirement System purchased a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 82,031 shares of the company's stock, valued at approximately $1,217,000. New York State Teachers Retirement System owned about 0.19% of Metallus at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MTUS. Creative Planning acquired a new stake in Metallus during the 3rd quarter worth $183,000. SG Americas Securities LLC acquired a new position in Metallus in the third quarter valued at about $189,000. Beese Fulmer Investment Management Inc. bought a new position in Metallus during the third quarter worth about $233,000. Everence Capital Management Inc. acquired a new position in shares of Metallus during the 3rd quarter worth about $256,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Metallus in the 3rd quarter valued at about $274,000. Institutional investors and hedge funds own 77.58% of the company's stock.

Metallus Stock Down 1.6 %

NYSE MTUS traded down $0.25 during trading on Friday, reaching $15.71. 464,868 shares of the stock traded hands, compared to its average volume of 225,244. Metallus Inc. has a fifty-two week low of $13.82 and a fifty-two week high of $24.31. The firm has a market cap of $682.74 million, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.36. The stock's 50-day moving average price is $14.82 and its 200 day moving average price is $18.62.

Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.24). Metallus had a net margin of 2.05% and a return on equity of 6.10%. The firm had revenue of $294.70 million during the quarter, compared to the consensus estimate of $320.37 million. During the same quarter in the prior year, the company earned $0.60 EPS. Metallus's quarterly revenue was down 17.4% on a year-over-year basis. Analysts anticipate that Metallus Inc. will post 0.96 EPS for the current fiscal year.

Metallus Company 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.