Azarias Capital Management L.P. Acquires 73,263 Shares of Metallus Inc. $MTUS

Azarias Capital Management L.P. grew its holdings in shares of Metallus Inc. (NYSE:MTUS) by 14.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 593,036 shares of the company’s stock after purchasing an additional 73,263 shares during the period. Metallus comprises 4.2% of Azarias Capital Management L.P.’s holdings, making the stock its 5th largest holding. Azarias Capital Management L.P.’s holdings in Metallus were worth $9,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in Metallus during the fourth quarter worth approximately $255,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Metallus by 6.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,144 shares of the company’s stock worth $1,118,000 after buying an additional 4,732 shares in the last quarter. GAMMA Investing LLC grew its position in Metallus by 2,679.8% during the first quarter. GAMMA Investing LLC now owns 25,157 shares of the company’s stock worth $336,000 after buying an additional 24,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Metallus by 5.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,610 shares of the company’s stock worth $235,000 after purchasing an additional 839 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Metallus during the 1st quarter worth $142,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Insider Buying and Selling at Metallus

In other Metallus news, EVP Kristine C. Syrvalin sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the sale, the executive vice president owned 89,910 shares in the company, valued at $1,618,380. This trade represents a 7.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Kristopher R. Westbrooks sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $18.00, for a total value of $72,000.00. Following the sale, the chief operating officer directly owned 193,076 shares in the company, valued at approximately $3,475,368. This trade represents a 2.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,474 shares of company stock worth $602,532 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on MTUS shares. Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Metallus from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Northcoast Research began coverage on shares of Metallus in a research report on Wednesday, July 23rd. They set a “buy” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Metallus Stock Down 0.3%

NYSE:MTUS opened at $16.87 on Friday. The stock’s 50-day simple moving average is $16.31 and its 200 day simple moving average is $14.76. The firm has a market capitalization of $705.71 million, a PE ratio of -33.08, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44. Metallus Inc. has a twelve month low of $10.78 and a twelve month high of $18.17.

Metallus (NYSE:MTUS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. The company had revenue of $304.60 million for the quarter, compared to the consensus estimate of $297.83 million. On average, analysts anticipate that Metallus Inc. will post 0.66 EPS for the current fiscal year.

About Metallus

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.