Janus Henderson Group PLC Trims Holdings in Metallus Inc. (NYSE:MTUS)

Janus Henderson Group PLC decreased its holdings in Metallus Inc. (NYSE:MTUS) by 14.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 898,182 shares of the company’s stock after selling 149,258 shares during the quarter. Janus Henderson Group PLC owned about 2.11% of Metallus worth $12,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTUS. Azarias Capital Management L.P. acquired a new position in Metallus in the 4th quarter valued at $9,382,000. Ballast Asset Management LP acquired a new position in Metallus in the 4th quarter valued at $1,978,000. American Century Companies Inc. increased its stake in Metallus by 11.6% in the 4th quarter. American Century Companies Inc. now owns 1,316,292 shares of the company’s stock valued at $18,599,000 after buying an additional 137,007 shares during the period. ExodusPoint Capital Management LP acquired a new position in Metallus in the 4th quarter valued at $1,925,000. Finally, Royce & Associates LP increased its stake in Metallus by 13.3% in the 4th quarter. Royce & Associates LP now owns 1,092,768 shares of the company’s stock valued at $15,441,000 after buying an additional 128,437 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Stock Performance

Shares of MTUS opened at $13.40 on Friday. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $24.31. The stock has a market capitalization of $564.04 million, a P/E ratio of 25.76, a P/E/G ratio of 1.02 and a beta of 1.44. The company’s fifty day moving average is $13.01 and its two-hundred day moving average is $14.37.

Metallus (NYSE:MTUS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). Metallus had a return on equity of 6.15% and a net margin of 2.05%. The company had revenue of $280.50 million for the quarter, compared to analyst estimates of $264.03 million. During the same period last year, the company earned $0.56 earnings per share. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. Sell-side analysts predict that Metallus Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Sidoti raised shares of Metallus to a “hold” rating in a research note on Friday, May 9th.

Metallus Company Profile

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.