Vestcor Inc Purchases New Position in Metallus Inc. (NYSE:MTUS)

Vestcor Inc bought a new position in Metallus Inc. (NYSE:MTUS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 7,338 shares of the company’s stock, valued at approximately $104,000.

A number of other large investors have also added to or reduced their stakes in the stock. Amundi grew its position in Metallus by 207.8% in the 4th quarter. Amundi now owns 23,845 shares of the company’s stock worth $320,000 after purchasing an additional 16,097 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Metallus during the 4th quarter valued at $335,000. Proficio Capital Partners LLC bought a new stake in shares of Metallus during the 4th quarter valued at $236,000. Ieq Capital LLC bought a new stake in shares of Metallus during the 4th quarter valued at $273,000. Finally, Principal Financial Group Inc. grew its position in shares of Metallus by 1.8% during the 4th quarter. Principal Financial Group Inc. now owns 202,805 shares of the company’s stock valued at $2,866,000 after acquiring an additional 3,511 shares during the period. Institutional investors own 77.58% of the company’s stock.

Metallus Price Performance

Shares of MTUS stock opened at $13.63 on Wednesday. Metallus Inc. has a 1 year low of $12.96 and a 1 year high of $24.31. The firm has a fifty day moving average price of $14.79 and a 200-day moving average price of $14.95. The company has a market cap of $574.17 million, a price-to-earnings ratio of 26.22, a PEG ratio of 1.02 and a beta of 1.32.

Metallus 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.