Metallus (NYSE:MTUS) Research Coverage Started at KeyCorp

KeyCorp started coverage on shares of Metallus (NYSE:MTUS) in a research report sent to investors on Wednesday morning. The firm issued a sector weight rating on the stock.

MTUS has been the topic of several other research reports. Wall Street Zen lowered Metallus from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research downgraded Metallus from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Metallus has a consensus rating of “Reduce” and an average target price of $24.00.

Metallus Stock Down 1.4%

Shares of NYSE:MTUS opened at $16.08 on Wednesday. Metallus has a fifty-two week low of $10.78 and a fifty-two week high of $21.73. The firm’s 50 day moving average price is $18.33 and its 200 day moving average price is $17.66. The stock has a market cap of $671.10 million, a price-to-earnings ratio of -535.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43.

Metallus (NYSE:MTUS) last posted its quarterly earnings results on Thursday, February 19th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.23). Metallus had a positive return on equity of 2.30% and a negative net margin of 0.10%.The firm had revenue of $267.30 million for the quarter, compared to analyst estimates of $290.83 million. On average, equities analysts anticipate that Metallus will post 0.66 EPS for the current year.

Insider Activity

In other news, COO Kristopher R. Westbrooks sold 10,932 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $20.06, for a total value of $219,295.92. Following the completion of the transaction, the chief operating officer owned 189,076 shares in the company, valued at approximately $3,792,864.56. This represents a 5.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 16,104 shares of company stock valued at $328,592. Corporate insiders own 3.80% of the company’s stock.

Institutional Investors Weigh In On Metallus

A number of institutional investors and hedge funds have recently bought and sold shares of MTUS. Vanguard Group Inc. grew its holdings in shares of Metallus by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 2,880,168 shares of the company’s stock worth $49,424,000 after purchasing an additional 20,295 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Metallus by 1.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,933,739 shares of the company’s stock worth $31,964,000 after purchasing an additional 23,596 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Metallus by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 1,539,129 shares of the company’s stock valued at $25,442,000 after purchasing an additional 37,552 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of Metallus by 7.2% in the 2nd quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after purchasing an additional 94,455 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Metallus by 9.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,059,033 shares of the company’s stock valued at $18,173,000 after purchasing an additional 90,200 shares during the period. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.