Royce & Associates LP acquired a new stake in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 964,331 shares of the company's stock, valued at approximately $14,301,000. Royce & Associates LP owned approximately 2.22% of Metallus at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new stake in Metallus during the third quarter worth approximately $3,017,000. Principal Financial Group Inc. bought a new stake in shares of Metallus during the 3rd quarter worth $2,956,000. Victory Capital Management Inc. acquired a new stake in shares of Metallus during the third quarter worth $2,226,000. New York State Teachers Retirement System acquired a new stake in Metallus during the 3rd quarter worth about $1,217,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Metallus in the 3rd quarter valued at approximately $942,000. Institutional investors and hedge funds own 77.58% of the company's stock.
Metallus Stock Performance
Shares of MTUS stock traded down $0.30 on Friday, reaching $14.49. 429,933 shares of the company's stock traded hands, compared to its average volume of 268,197. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31. The business's 50 day moving average price is $14.80 and its two-hundred day moving average price is $18.40. The company has a market capitalization of $615.68 million, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.51 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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