Everence Capital Management Inc. purchased a new position in Metallus Inc. (NYSE:MTUS – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,280 shares of the company’s stock, valued at approximately $256,000.
Several other hedge funds and other institutional investors have also made changes to their positions in MTUS. Exchange Traded Concepts LLC bought a new position in Metallus during the third quarter worth about $942,000. Fruth Investment Management bought a new position in Metallus during the third quarter worth about $811,000. Farmers Trust Co. bought a new position in Metallus during the third quarter worth about $609,000. Inspire Investing LLC bought a new position in Metallus during the third quarter worth about $414,000. Finally, SG Americas Securities LLC bought a new position in Metallus during the third quarter worth about $189,000. 77.58% of the stock is currently owned by institutional investors.
Metallus Trading Down 2.7 %
MTUS stock opened at $14.39 on Wednesday. The business’s 50-day moving average price is $15.27 and its two-hundred day moving average price is $19.23. The firm has a market cap of $631.17 million, a PE ratio of 8.57, a P/E/G ratio of 1.04 and a beta of 1.35. Metallus Inc. has a 1-year low of $13.82 and a 1-year high of $24.31.
About Metallus
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.
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