Metallus Inc. $MTUS Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in Metallus Inc. (NYSE:MTUS) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,019,546 shares of the company’s stock after selling 39,487 shares during the quarter. Renaissance Technologies LLC owned 2.45% of Metallus worth $16,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of MTUS. Unison Advisors LLC bought a new stake in shares of Metallus in the fourth quarter worth $724,000. Emerald Advisers LLC bought a new stake in shares of Metallus during the 1st quarter valued at about $6,146,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Metallus during the 1st quarter valued at about $3,887,000. Bastion Asset Management Inc. bought a new position in shares of Metallus in the 1st quarter worth approximately $1,450,000. Finally, Inceptionr LLC purchased a new position in shares of Metallus in the first quarter worth approximately $808,000. 77.58% of the stock is currently owned by hedge funds and other institutional investors.

Metallus Trading Down 1.0%

NYSE MTUS opened at $19.81 on Friday. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $21.74. The stock has a market cap of $824.61 million, a PE ratio of 283.03, a P/E/G ratio of 1.58 and a beta of 1.36. The stock’s 50 day moving average is $19.56 and its 200 day moving average is $18.71.

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

Wall Street Analysts Forecast Growth

MTUS has been the topic of several analyst reports. Weiss Ratings upgraded shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Metallus has a consensus rating of “Hold”.

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.