Metallus Inc. $MTUS Shares Acquired by Skylands Capital LLC

Skylands Capital LLC increased its holdings in shares of Metallus Inc. (NYSE:MTUS) by 26.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 184,300 shares of the company’s stock after purchasing an additional 38,250 shares during the quarter. Skylands Capital LLC’s holdings in Metallus were worth $3,046,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Ballast Asset Management LP increased its position in shares of Metallus by 1.4% in the third quarter. Ballast Asset Management LP now owns 289,317 shares of the company’s stock worth $4,782,000 after acquiring an additional 4,015 shares in the last quarter. Strs Ohio raised its position in Metallus by 235.1% in the third quarter. Strs Ohio now owns 38,200 shares of the company’s stock valued at $631,000 after purchasing an additional 26,800 shares during the period. SG Americas Securities LLC acquired a new position in shares of Metallus during the third quarter worth about $207,000. Inspire Investing LLC boosted its position in shares of Metallus by 10.2% in the third quarter. Inspire Investing LLC now owns 27,666 shares of the company’s stock worth $457,000 after buying an additional 2,558 shares during the period. Finally, Texas Permanent School Fund Corp grew its stake in shares of Metallus by 51.7% in the second quarter. Texas Permanent School Fund Corp now owns 29,492 shares of the company’s stock valued at $454,000 after buying an additional 10,056 shares in the last quarter. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MTUS. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Metallus from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Metallus presently has a consensus rating of “Hold” and an average target price of $24.00.

Metallus Stock Down 1.7%

Shares of NYSE MTUS opened at $20.90 on Wednesday. Metallus Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $21.54. The business has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $17.40. The firm has a market cap of $870.49 million, a PE ratio of -110.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.48.

Insider Buying and Selling at Metallus

In other news, COO Kristopher R. Westbrooks sold 2,128 shares of Metallus stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the completion of the transaction, the chief operating officer owned 189,076 shares in the company, valued at approximately $4,023,537.28. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 16,104 shares of company stock worth $328,592 over the last three months. 3.60% of the stock is currently owned by company insiders.

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.