Pacer Advisors Inc. purchased a new stake in Metallus Inc. (NYSE:MTUS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,865,740 shares of the company's stock, valued at approximately $27,669,000. Pacer Advisors Inc. owned 4.29% of Metallus as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of MTUS. Huntington National Bank acquired a new position in shares of Metallus during the 3rd quarter worth about $49,000. Amalgamated Bank acquired a new position in shares of Metallus during the third quarter worth approximately $172,000. Creative Planning bought a new stake in shares of Metallus in the third quarter valued at approximately $183,000. SG Americas Securities LLC bought a new stake in shares of Metallus in the third quarter valued at approximately $189,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Metallus during the third quarter worth $233,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.
Metallus Trading Up 3.3 %
NYSE:MTUS traded up $0.49 during trading hours on Friday, hitting $15.54. 436,330 shares of the company traded hands, compared to its average volume of 298,050. Metallus Inc. has a twelve month low of $13.82 and a twelve month high of $24.31. The firm has a 50-day moving average of $14.81 and a 200 day moving average of $18.26. The stock has a market capitalization of $660.36 million, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.57 and a beta of 1.36.
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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