Assenagon Asset Management S.A. Takes Position in Metallus Inc. (NYSE:MTUS)

Assenagon Asset Management S.A. acquired a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 203,455 shares of the company's stock, valued at approximately $3,017,000. Assenagon Asset Management S.A. owned about 0.46% of Metallus at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC purchased a new position in Metallus in the 3rd quarter worth about $942,000. Fruth Investment Management purchased a new position in Metallus in the 3rd quarter worth about $811,000. Farmers Trust Co. purchased a new position in Metallus in the 3rd quarter worth about $609,000. Sequoia Financial Advisors LLC purchased a new position in Metallus during the 3rd quarter valued at about $566,000. Finally, International Assets Investment Management LLC purchased a new position in Metallus during the 3rd quarter valued at about $462,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Price Performance

NYSE MTUS traded down $0.22 during trading on Thursday, reaching $14.13. 110,874 shares of the company's stock traded hands, compared to its average volume of 281,648. The firm has a market cap of $614.08 million, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company's 50 day simple moving average is $15.00 and its two-hundred day simple moving average is $18.92. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31.

Metallus (NYSE:MTUS - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.24). The business had revenue of $294.70 million for the quarter, compared to analysts' expectations of $320.37 million. Metallus had a net margin of 4.21% and a return on equity of 10.10%. The company's revenue for the quarter was down 17.4% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Research analysts expect that Metallus Inc. will post 0.96 earnings per share for the current fiscal year.

Metallus 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.