Envestnet Portfolio Solutions Inc. Acquires Shares of 19,955 Metallus Inc. $MTUS

Envestnet Portfolio Solutions Inc. acquired a new stake in Metallus Inc. (NYSE:MTUS) in the second quarter, HoldingsChannel reports. The institutional investor acquired 19,955 shares of the company’s stock, valued at approximately $308,000.

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

Metallus Stock Up 2.8%

Shares of MTUS stock opened at $17.78 on Friday. The business has a 50 day moving average of $16.64 and a two-hundred day moving average of $15.11. Metallus Inc. has a 52 week low of $10.78 and a 52 week high of $18.39. The company has a market cap of $743.82 million, a P/E ratio of -34.87, a PEG ratio of 1.95 and a beta of 1.44.

Metallus (NYSE:MTUS) last issued its earnings results on Thursday, August 7th. The company reported $0.20 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 company had revenue of $304.60 million during the quarter, compared to the consensus estimate of $297.83 million. Analysts expect that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MTUS. Northcoast Research began coverage on shares of Metallus in a research report on Wednesday, July 23rd. They set a “buy” rating and a $24.00 price target on the stock. Wall Street Zen raised shares of Metallus from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.00.

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.