Orchard Capital Management LLC Buys Shares of 136,651 Metallus Inc. $MTUS

Orchard Capital Management LLC purchased a new stake in Metallus Inc. (NYSE:MTUS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 136,651 shares of the company’s stock, valued at approximately $2,554,000. Metallus accounts for about 2.5% of Orchard Capital Management LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of MTUS. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Metallus during the 1st quarter worth $3,887,000. Emerald Advisers LLC acquired a new stake in Metallus in the first quarter valued at about $6,146,000. Sei Investments Co. grew its position in Metallus by 32.1% in the first quarter. Sei Investments Co. now owns 287,643 shares of the company’s stock valued at $4,700,000 after acquiring an additional 69,874 shares during the last quarter. Inceptionr LLC bought a new position in Metallus in the first quarter valued at about $808,000. Finally, Bastion Asset Management Inc. acquired a new position in Metallus during the first quarter worth about $1,450,000. Institutional investors own 77.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTUS. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Metallus has an average rating of “Hold”.

Metallus Stock Performance

Shares of MTUS opened at $19.60 on Friday. Metallus Inc. has a 52 week low of $14.19 and a 52 week high of $22.58. The stock has a market capitalization of $812.42 million, a price-to-earnings ratio of 103.16, a PEG ratio of 1.57 and a beta of 1.36. The stock has a fifty day moving average of $19.98 and a 200-day moving average of $18.85.

Metallus (NYSE:MTUS) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. Metallus had a return on equity of 3.35% and a net margin of 0.66%. As a group, equities analysts forecast that Metallus Inc. will post 0.83 EPS for the current year.

Metallus Company Profile

Metallus, Inc (NYSE:MTUS) is an industrial metals recycling and distribution company that acquires, processes and markets a wide array of ferrous and non-ferrous materials. Its product portfolio includes stainless steel, nickel alloys, aluminum and other specialty metals sourced from manufacturing scrap, obsolete products and post-consumer waste streams. Metallus provides services such as shredding, sorting, melting and baling, enabling its customers to optimize metal recovery and streamline supply chains.

Headquartered in Philadelphia, Pennsylvania, the company operates processing facilities and distribution centers across the United States, facilitating efficient logistics and regional collection of metal grades.