Empowered Funds LLC bought a new position in shares of Metallus Inc. (NYSE:MTUS – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 240,409 shares of the company’s stock, valued at approximately $3,565,000.
Other institutional investors have also made changes to their positions in the company. Huntington National Bank purchased a new position in Metallus in the third quarter valued at about $49,000. Amalgamated Bank acquired a new position in shares of Metallus in the 3rd quarter valued at approximately $172,000. Creative Planning purchased a new position in shares of Metallus during the 3rd quarter valued at approximately $183,000. SG Americas Securities LLC acquired a new stake in shares of Metallus during the third quarter worth approximately $189,000. Finally, Beese Fulmer Investment Management Inc. bought a new stake in shares of Metallus in the third quarter worth $233,000. 77.58% of the stock is owned by institutional investors and hedge funds.
Metallus Price Performance
NYSE MTUS opened at $14.49 on Tuesday. The company has a market capitalization of $615.74 million, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. Metallus Inc. has a 12 month low of $13.82 and a 12 month high of $24.31. The company’s fifty day moving average price is $14.80 and its two-hundred day moving average price is $18.35.
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.
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