Amalgamated Bank Makes New $172,000 Investment in Metallus Inc. (NYSE:MTUS)

Amalgamated Bank purchased a new stake in Metallus Inc. (NYSE:MTUS) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,587 shares of the company’s stock, valued at approximately $172,000.

A number of other large investors have also made changes to their positions in MTUS. Assenagon Asset Management S.A. purchased a new position in shares of Metallus in the 3rd quarter valued at about $3,017,000. New York State Teachers Retirement System purchased a new position in shares of Metallus in the 3rd quarter valued at about $1,217,000. Exchange Traded Concepts LLC purchased a new position in shares of Metallus in the 3rd quarter valued at about $942,000. Fruth Investment Management purchased a new position in shares of Metallus in the 3rd quarter valued at about $811,000. Finally, Farmers Trust Co. purchased a new position in shares of Metallus in the 3rd quarter valued at about $609,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Trading Down 2.0 %

Shares of NYSE MTUS opened at $14.49 on Monday. The stock has a market cap of $615.68 million, a price-to-earnings ratio of 27.87, a PEG ratio of 1.51 and a beta of 1.36. Metallus Inc. has a 52 week low of $13.82 and a 52 week high of $24.31. The company’s 50-day moving average price is $14.80 and its 200 day moving average price is $18.40.

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.