HighTower Advisors LLC Purchases New Stake in Metallus Inc. (NYSE:MTUS)

HighTower Advisors LLC bought a new position in shares of Metallus Inc. (NYSE:MTUS) in the third quarter, Holdings Channel reports. The firm bought 15,108 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also made changes to their positions in MTUS. FMR LLC acquired a new position in shares of Metallus during the 3rd quarter worth about $29,000. Mark Sheptoff Financial Planning LLC acquired a new position in Metallus during the third quarter valued at approximately $41,000. Huntington National Bank bought a new stake in Metallus in the third quarter valued at approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Metallus in the third quarter worth $159,000. Finally, Amalgamated Bank bought a new position in shares of Metallus during the third quarter worth $172,000. 77.58% of the stock is owned by institutional investors and hedge funds.

Metallus Stock Up 1.1 %

Shares of MTUS stock opened at $14.27 on Wednesday. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31. The firm has a fifty day moving average of $15.35 and a 200-day moving average of $17.09. The firm has a market capitalization of $606.39 million, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39.

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.