Metallus Inc. (NYSE:MTUS) Stake Lessened by Prudential Financial Inc.

Prudential Financial Inc. reduced its stake in Metallus Inc. (NYSE:MTUS - Free Report) by 60.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,727 shares of the company's stock after selling 109,800 shares during the period. Prudential Financial Inc. owned 0.17% of Metallus worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Metallus by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,257,534 shares of the company's stock valued at $46,029,000 after buying an additional 43,244 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Metallus in the fourth quarter worth about $497,000. American Century Companies Inc. lifted its holdings in Metallus by 11.6% in the 4th quarter. American Century Companies Inc. now owns 1,316,292 shares of the company's stock valued at $18,599,000 after acquiring an additional 137,007 shares during the last quarter. Royce & Associates LP boosted its position in shares of Metallus by 13.3% during the 4th quarter. Royce & Associates LP now owns 1,092,768 shares of the company's stock valued at $15,441,000 after purchasing an additional 128,437 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of Metallus in the 4th quarter worth approximately $104,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Price Performance

Shares of NYSE:MTUS traded up $0.27 on Friday, reaching $12.69. 267,950 shares of the company traded hands, compared to its average volume of 349,210. The stock has a market capitalization of $534.22 million, a PE ratio of 24.40, a P/E/G ratio of 1.02 and a beta of 1.11. The company's 50 day moving average is $14.08 and its 200-day moving average is $14.65. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $24.31.

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.