State Street Corp acquired a new stake in Metallus Inc. (NYSE:MTUS - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,187,368 shares of the company's stock, valued at approximately $32,439,000. State Street Corp owned 5.15% of Metallus as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. FMR LLC bought a new stake in shares of Metallus during the third quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC acquired a new position in Metallus in the 3rd quarter valued at $41,000. Huntington National Bank bought a new position in Metallus during the 3rd quarter worth $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Metallus during the third quarter worth $159,000. Finally, Amalgamated Bank bought a new stake in shares of Metallus in the third quarter valued at about $172,000. 77.58% of the stock is owned by institutional investors and hedge funds.
Metallus Stock Performance
NYSE:MTUS traded down $0.05 during mid-day trading on Friday, reaching $14.41. 4,289,570 shares of the company's stock were exchanged, compared to its average volume of 318,608. The firm has a market capitalization of $612.34 million, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. Metallus Inc. has a one year low of $13.82 and a one year high of $24.31. The business's fifty day simple moving average is $15.37 and its two-hundred day simple moving average is $17.24.
Metallus Company Profile
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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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