Sequoia Financial Advisors LLC purchased a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,194 shares of the company's stock, valued at approximately $566,000. Sequoia Financial Advisors LLC owned 0.09% of Metallus at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning bought a new position in Metallus during the 3rd quarter valued at about $183,000. SG Americas Securities LLC bought a new stake in shares of Metallus during the third quarter worth approximately $189,000. Everence Capital Management Inc. bought a new position in shares of Metallus in the 3rd quarter worth $256,000. Inspire Investing LLC acquired a new position in shares of Metallus during the 3rd quarter worth about $414,000. Finally, Farmers Trust Co. acquired a new stake in Metallus in the third quarter worth $609,000. Institutional investors and hedge funds own 77.58% of the company's stock.
Metallus Price Performance
Shares of MTUS traded down $0.08 during mid-day trading on Friday, hitting $14.09. 157,858 shares of the company's stock were exchanged, compared to its average volume of 284,332. The company has a market cap of $618.02 million, a PE ratio of 8.39, a P/E/G ratio of 1.00 and a beta of 1.35. The company has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $19.06. Metallus Inc. has a 52 week low of $13.82 and a 52 week high of $24.31.
Metallus (NYSE:MTUS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.24). The company had revenue of $294.70 million during the quarter, compared to the consensus estimate of $320.37 million. Metallus had a net margin of 4.21% and a return on equity of 10.10%. The firm's revenue was down 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. On average, analysts anticipate that Metallus Inc. will post 0.96 earnings per share for the current year.
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.
See Also
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
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
