UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Metallus Inc. (NYSE:MTUS - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 74,412 shares of the company's stock, valued at approximately $1,104,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Metallus at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MTUS. FMR LLC purchased a new stake in Metallus during the third quarter valued at $29,000. Huntington National Bank bought a new position in shares of Metallus in the 3rd quarter worth approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Metallus in the third quarter worth approximately $159,000. Amalgamated Bank bought a new stake in Metallus during the third quarter valued at approximately $172,000. Finally, Creative Planning purchased a new stake in Metallus during the third quarter valued at approximately $183,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.
Metallus Stock Performance
Shares of Metallus stock traded down $0.41 on Thursday, hitting $14.46. 632,397 shares of the company's stock were exchanged, compared to its average volume of 302,400. The stock has a market capitalization of $614.46 million, a PE ratio of 27.81, a PEG ratio of 1.66 and a beta of 1.39. Metallus Inc. has a 1 year low of $13.82 and a 1 year high of $24.31. The company has a 50-day simple moving average of $15.38 and a 200-day simple moving average of $17.36.
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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