Systematic Financial Management LP Invests $16.36 Million in Metallus Inc. (NYSE:MTUS)

Systematic Financial Management LP acquired a new position in shares of Metallus Inc. (NYSE:MTUS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,103,103 shares of the company's stock, valued at approximately $16,359,000. Systematic Financial Management LP owned about 2.60% of Metallus at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC acquired a new position in Metallus in the third quarter valued at $29,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Metallus in the 3rd quarter worth about $41,000. Huntington National Bank bought a new position in shares of Metallus in the 3rd quarter worth about $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Metallus in the 3rd quarter valued at about $159,000. Finally, Amalgamated Bank bought a new stake in shares of Metallus during the 3rd quarter valued at about $172,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Trading Up 0.1 %

NYSE MTUS traded up $0.01 during trading hours on Friday, hitting $16.45. 394,164 shares of the company's stock were exchanged, compared to its average volume of 296,501. The firm has a market cap of $699.03 million, a price-to-earnings ratio of 31.63, a PEG ratio of 1.74 and a beta of 1.39. The stock has a 50-day simple moving average of $15.11 and a 200 day simple moving average of $17.82. Metallus Inc. has a 1-year low of $13.82 and a 1-year 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.