Bastion Asset Management Inc. Purchases Shares of 83,391 Metallus Inc. $MTUS

Bastion Asset Management Inc. acquired a new position in shares of Metallus Inc. (NYSE:MTUS) in the 1st quarter, Holdings Channel.com reports. The firm acquired 83,391 shares of the company’s stock, valued at approximately $1,450,000.

Other institutional investors also recently made changes to their positions in the company. Keybank National Association OH grew its position in shares of Metallus by 2.6% in the fourth quarter. Keybank National Association OH now owns 40,214 shares of the company’s stock valued at $690,000 after purchasing an additional 1,001 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in Metallus by 8.2% during the 1st quarter. Hodges Capital Management Inc. now owns 17,110 shares of the company’s stock worth $280,000 after purchasing an additional 1,300 shares during the last quarter. SG Americas Securities LLC boosted its stake in Metallus by 12.0% in the 4th quarter. SG Americas Securities LLC now owns 14,004 shares of the company’s stock valued at $240,000 after purchasing an additional 1,499 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Metallus by 8.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 20,065 shares of the company’s stock valued at $328,000 after purchasing an additional 1,617 shares during the period. Finally, Swiss National Bank grew its holdings in Metallus by 2.6% in the 4th quarter. Swiss National Bank now owns 74,300 shares of the company’s stock valued at $1,275,000 after buying an additional 1,900 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

Metallus Price Performance

Shares of NYSE MTUS opened at $19.47 on Friday. The business has a fifty day moving average price of $19.14 and a two-hundred day moving average price of $18.56. The stock has a market capitalization of $810.70 million, a PE ratio of 278.24, a P/E/G ratio of 1.56 and a beta of 1.36. Metallus Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $21.73.

Metallus (NYSE:MTUS) last released its earnings results on Monday, May 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. Metallus had a return on equity of 2.96% and a net margin of 0.24%.The company had revenue of $238.30 million for the quarter, compared to analyst estimates of $303.47 million. On average, equities analysts expect that Metallus Inc. will post 0.84 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MTUS shares. Weiss Ratings raised Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, KeyCorp assumed coverage on shares of Metallus in a research note on Wednesday, March 25th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.00.

About Metallus

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.