Inceptionr LLC Invests $808,000 in Metallus Inc. $MTUS

Inceptionr LLC acquired a new stake in shares of Metallus Inc. (NYSE:MTUS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,427 shares of the company’s stock, valued at approximately $808,000.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Metallus by 1.2% in the 1st quarter. Royal Bank of Canada now owns 316,569 shares of the company’s stock worth $4,229,000 after acquiring an additional 3,711 shares during the last quarter. Strs Ohio purchased a new stake in Metallus during the 1st quarter valued at about $142,000. Quantbot Technologies LP purchased a new stake in Metallus during the 2nd quarter valued at about $110,000. Quantinno Capital Management LP grew its stake in Metallus by 89.1% during the 2nd quarter. Quantinno Capital Management LP now owns 25,414 shares of the company’s stock valued at $392,000 after purchasing an additional 11,977 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Metallus by 51.2% in the second quarter. Ameriprise Financial Inc. now owns 655,372 shares of the company’s stock valued at $10,099,000 after purchasing an additional 221,828 shares during the period. 77.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTUS. Zacks Research upgraded Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings upgraded Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Metallus currently has an average rating of “Hold”.

Metallus Price Performance

Shares of NYSE MTUS opened at $20.98 on Friday. The stock has a market capitalization of $873.23 million, a price-to-earnings ratio of 299.71, a PEG ratio of 1.63 and a beta of 1.36. The firm’s 50 day simple moving average is $19.37 and its 200-day simple moving average is $18.66. Metallus Inc. has a 12 month low of $14.19 and a 12 month high of $21.73.

Metallus (NYSE:MTUS) last posted its earnings results on Monday, May 4th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Metallus had a net margin of 0.24% and a return on equity of 2.96%. The firm had revenue of $238.30 million during the quarter, compared to analysts’ expectations of $303.47 million. Analysts anticipate that Metallus Inc. will post 0.84 earnings per share 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.