Sei Investments Co. Acquires 69,874 Shares of Metallus Inc. $MTUS

Sei Investments Co. increased its stake in shares of Metallus Inc. (NYSE:MTUS) by 32.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 287,643 shares of the company’s stock after purchasing an additional 69,874 shares during the period. Sei Investments Co.’s holdings in Metallus were worth $4,700,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bastion Asset Management Inc. bought a new position in Metallus in the 1st quarter worth about $1,450,000. Illinois Municipal Retirement Fund grew its holdings in shares of Metallus by 8.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company’s stock valued at $328,000 after purchasing an additional 1,617 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Metallus in the first quarter worth about $3,887,000. Emerald Advisers LLC purchased a new stake in shares of Metallus during the first quarter valued at approximately $6,146,000. Finally, Principal Financial Group Inc. increased its position in shares of Metallus by 2.0% in the first quarter. Principal Financial Group Inc. now owns 174,138 shares of the company’s stock valued at $2,845,000 after acquiring an additional 3,390 shares during the period. Institutional investors own 77.58% of the company’s stock.

Metallus Trading Up 0.3%

Shares of MTUS stock opened at $21.62 on Thursday. The stock has a market cap of $900.08 million, a P/E ratio of 113.81, a P/E/G ratio of 1.70 and a beta of 1.36. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $22.58. The company has a 50 day simple moving average of $19.69 and a two-hundred day simple moving average of $18.74.

Metallus (NYSE:MTUS) last announced its earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Metallus had a return on equity of 3.35% and a net margin of 0.66%.The company had revenue of $261.40 million for the quarter, compared to analysts’ expectations of $330.85 million. As a group, equities analysts forecast that Metallus Inc. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Metallus in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.