Emerald Mutual Fund Advisers Trust Buys Shares of 237,910 Metallus Inc. $MTUS

Emerald Mutual Fund Advisers Trust purchased a new stake in Metallus Inc. (NYSE:MTUS) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 237,910 shares of the company’s stock, valued at approximately $3,887,000.

Several other hedge funds have also recently modified their holdings of the business. CSM Advisors LLC bought a new position in shares of Metallus during the third quarter valued at approximately $4,415,000. Unison Advisors LLC purchased a new position in Metallus during the fourth quarter valued at approximately $724,000. Azarias Capital Management L.P. raised its stake in Metallus by 12.1% in the first quarter. Azarias Capital Management L.P. now owns 543,322 shares of the company’s stock worth $8,878,000 after buying an additional 58,511 shares in the last quarter. Donald Smith & CO. Inc. raised its stake in Metallus by 49.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 963,671 shares of the company’s stock worth $16,537,000 after buying an additional 319,465 shares in the last quarter. Finally, Farmers Trust Co. lifted its holdings in Metallus by 4.9% during the fourth quarter. Farmers Trust Co. now owns 43,050 shares of the company’s stock worth $739,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MTUS shares. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. KeyCorp started coverage on Metallus in a research report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Finally, Weiss Ratings upgraded Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Metallus Stock Up 2.3%

MTUS opened at $19.49 on Tuesday. The company has a market cap of $811.49 million, a P/E ratio of 278.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The firm’s 50-day moving average price is $19.10 and its 200-day moving average price is $18.53. Metallus Inc. has a 52-week low of $14.19 and a 52-week high of $21.73.

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

Metallus 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.