Royal Bank of Canada Has $95,000 Position in Metallus Inc. $MTUS

Royal Bank of Canada lowered its position in Metallus Inc. (NYSE:MTUS) by 94.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 5,786 shares of the company’s stock after selling 97,041 shares during the period. Royal Bank of Canada’s holdings in Metallus were worth $95,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Emerald Advisers LLC bought a new stake in Metallus in the first quarter worth approximately $6,146,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Metallus during the 1st quarter worth $3,887,000. Inceptionr LLC bought a new position in shares of Metallus during the 1st quarter valued at $808,000. Sei Investments Co. lifted its stake in shares of Metallus by 32.1% in the 1st quarter. Sei Investments Co. now owns 287,643 shares of the company’s stock valued at $4,700,000 after purchasing an additional 69,874 shares during the last quarter. Finally, Bastion Asset Management Inc. acquired a new stake in shares of Metallus in the 1st quarter valued at $1,450,000. Institutional investors own 77.58% of the company’s stock.

Metallus Price Performance

Shares of Metallus stock opened at $19.56 on Tuesday. The company has a market cap of $810.76 million, a PE ratio of 102.95, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36. The firm has a fifty day moving average price of $19.95 and a two-hundred day moving average price of $18.77. Metallus Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $22.58.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. Metallus had a net margin of 0.66% and a return on equity of 3.35%. Analysts expect that Metallus Inc. will post 0.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MTUS. Weiss Ratings upgraded shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. KeyCorp restated a “sector weight” rating on shares of Metallus in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Metallus currently has a consensus rating of “Hold”.

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.