Metallus Inc. $MTUS Shares Acquired by Skylands Capital LLC

Skylands Capital LLC lifted its holdings in shares of Metallus Inc. (NYSE:MTUS) by 26.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,300 shares of the company’s stock after purchasing an additional 38,250 shares during the period. Skylands Capital LLC owned about 0.44% of Metallus worth $3,046,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MTUS. American Century Companies Inc. grew its holdings in Metallus by 4.2% during the 2nd quarter. American Century Companies Inc. now owns 1,501,577 shares of the company’s stock valued at $23,139,000 after buying an additional 60,251 shares during the last quarter. Systematic Financial Management LP boosted its stake in shares of Metallus by 7.2% during the second quarter. Systematic Financial Management LP now owns 1,402,969 shares of the company’s stock valued at $21,620,000 after acquiring an additional 94,455 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Metallus by 51.2% during the second quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after acquiring an additional 221,828 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in Metallus during the 2nd quarter worth about $8,575,000. Finally, Bridgeway Capital Management LLC raised its stake in Metallus by 1.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 441,264 shares of the company’s stock valued at $6,800,000 after purchasing an additional 5,175 shares during the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Zacks Research raised shares of Metallus from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Wall Street Zen upgraded Metallus from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Metallus in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $24.00.

Metallus Stock Performance

MTUS opened at $20.90 on Wednesday. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $21.54. The company’s 50 day simple moving average is $18.96 and its 200 day simple moving average is $17.40. The stock has a market capitalization of $870.49 million, a PE ratio of -110.00, a P/E/G ratio of 1.26 and a beta of 1.48.

Insider Activity

In related news, COO Kristopher R. Westbrooks sold 2,128 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $21.28, for a total value of $45,283.84. Following the transaction, the chief operating officer directly owned 189,076 shares of the company’s stock, valued at approximately $4,023,537.28. This trade represents a 1.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 16,104 shares of company stock worth $328,592. 3.60% of the stock is owned by insiders.

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.