Metallus Inc. $MTUS Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in Metallus Inc. (NYSE:MTUS) by 12,491.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,752 shares of the company’s stock after buying an additional 34,476 shares during the quarter. Fifth Third Bancorp’s holdings in Metallus were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTUS. Hodges Capital Management Inc. lifted its holdings in Metallus by 8.2% during the 1st quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company’s stock worth $280,000 after buying an additional 1,300 shares during the last quarter. Strs Ohio increased its holdings in shares of Metallus by 15.5% in the 1st quarter. Strs Ohio now owns 40,200 shares of the company’s stock valued at $657,000 after acquiring an additional 5,400 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Metallus by 14.4% in the 1st quarter. Inspire Investing LLC now owns 31,336 shares of the company’s stock valued at $512,000 after acquiring an additional 3,947 shares during the last quarter. Skylands Capital LLC raised its position in shares of Metallus by 7.3% during the 1st quarter. Skylands Capital LLC now owns 220,500 shares of the company’s stock worth $3,603,000 after acquiring an additional 14,950 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Metallus during the 1st quarter worth about $260,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Metallus Price Performance

Shares of MTUS opened at $19.97 on Thursday. Metallus Inc. has a 1-year low of $14.19 and a 1-year high of $21.74. The stock has a market cap of $831.27 million, a PE ratio of 285.30, a price-to-earnings-growth ratio of 1.67 and a beta of 1.36. The firm has a fifty day moving average price of $19.54 and a 200 day moving average price of $18.71.

Metallus (NYSE:MTUS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Metallus had a return on equity of 2.96% and a net margin of 0.24%.The company had revenue of $238.30 million for the quarter, compared to analyst estimates of $303.47 million. As a group, equities analysts expect that Metallus Inc. will post 0.84 EPS for the current fiscal year.

Metallus 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.