Systematic Financial Management LP Sells 28,222 Shares of Metallus Inc. $MTUS

Systematic Financial Management LP lowered its stake in Metallus Inc. (NYSE:MTUS) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,361,850 shares of the company’s stock after selling 28,222 shares during the quarter. Systematic Financial Management LP’s holdings in Metallus were worth $22,253,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Keybank National Association OH increased its holdings in shares of Metallus by 2.6% during the 4th quarter. Keybank National Association OH now owns 40,214 shares of the company’s stock valued at $690,000 after acquiring an additional 1,001 shares during the last quarter. Hodges Capital Management Inc. raised its stake in shares of Metallus by 8.2% in the 1st quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company’s stock valued at $280,000 after acquiring an additional 1,300 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Metallus by 12.0% in the 4th quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock worth $240,000 after purchasing an additional 1,499 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Metallus by 8.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company’s stock worth $328,000 after purchasing an additional 1,617 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Metallus by 2.6% in the 4th quarter. Swiss National Bank now owns 74,300 shares of the company’s stock worth $1,275,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 77.58% of the company’s stock.

Metallus Price Performance

Shares of Metallus stock opened at $20.63 on Friday. Metallus Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $21.73. The firm has a fifty day moving average price of $19.31 and a two-hundred day moving average price of $18.65. The company has a market cap of $858.95 million, a PE ratio of 294.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.36.

Metallus (NYSE:MTUS) last posted 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. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $303.47 million. Metallus had a net margin of 0.24% and a return on equity of 2.96%. Analysts expect that Metallus Inc. will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Metallus

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.