New York State Teachers Retirement System Sells 3,656 Shares of Metallus Inc. $MTUS

New York State Teachers Retirement System decreased its holdings in Metallus Inc. (NYSE:MTUS) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,714 shares of the company’s stock after selling 3,656 shares during the period. New York State Teachers Retirement System owned 0.11% of Metallus worth $735,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Metallus by 68.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,937,438 shares of the company’s stock worth $25,885,000 after acquiring an additional 784,804 shares during the period. American Century Companies Inc. boosted its stake in shares of Metallus by 9.5% in the first quarter. American Century Companies Inc. now owns 1,441,326 shares of the company’s stock worth $19,256,000 after acquiring an additional 125,034 shares during the period. Systematic Financial Management LP boosted its stake in shares of Metallus by 13.2% in the first quarter. Systematic Financial Management LP now owns 1,308,514 shares of the company’s stock worth $17,482,000 after acquiring an additional 152,217 shares during the period. Invenomic Capital Management LP bought a new position in shares of Metallus in the first quarter worth about $8,701,000. Finally, Azarias Capital Management L.P. lifted its position in shares of Metallus by 14.1% in the second quarter. Azarias Capital Management L.P. now owns 593,036 shares of the company’s stock worth $9,139,000 after buying an additional 73,263 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

Metallus Price Performance

Shares of MTUS stock opened at $17.25 on Thursday. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $18.39. The stock’s 50 day simple moving average is $16.61 and its two-hundred day simple moving average is $15.07. The company has a market cap of $721.57 million, a PE ratio of -33.82, a price-to-earnings-growth ratio of 2.02 and a beta of 1.44.

Metallus (NYSE:MTUS) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Metallus had a positive return on equity of 0.56% and a negative net margin of 2.12%.The business had revenue of $304.60 million for the quarter, compared to the consensus estimate of $297.83 million. Equities research analysts expect that Metallus Inc. will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MTUS shares. Wall Street Zen upgraded Metallus from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. Finally, Northcoast Research started coverage on Metallus in a research report on Wednesday, July 23rd. They issued a “buy” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.00.

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.