Emerald Advisers LLC Makes New $6.15 Million Investment in Metallus Inc. $MTUS

Emerald Advisers LLC purchased a new position in shares of Metallus Inc. (NYSE:MTUS) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 376,134 shares of the company’s stock, valued at approximately $6,146,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MTUS. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Metallus in the 3rd quarter valued at $33,000. iSAM Funds UK Ltd bought a new stake in shares of Metallus in the third quarter valued at approximately $53,000. Quantbot Technologies LP bought a new stake in Metallus in the 2nd quarter valued at $110,000. Strs Ohio bought a new position in Metallus during the first quarter worth about $142,000. Finally, BNP Paribas Financial Markets boosted its holdings in Metallus by 138.3% during the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock valued at $149,000 after purchasing an additional 5,246 shares in the last quarter. Institutional investors own 77.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings upgraded 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. Finally, KeyCorp started coverage on Metallus in a research note on Wednesday, March 25th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Metallus has an average rating of “Hold” and an average price target of $24.00.

Metallus Stock Down 0.8%

NYSE:MTUS opened at $19.33 on Wednesday. The firm has a market cap of $804.79 million, a PE ratio of 276.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $21.73. The company’s 50-day moving average price is $19.11 and its two-hundred day moving average price is $18.54.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company 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, research analysts expect that Metallus Inc. will post 0.84 EPS for the current fiscal year.

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.