608,595 Shares in Metallus Inc. $MTUS Bought by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. purchased a new stake in shares of Metallus Inc. (NYSE:MTUS) during the second quarter, HoldingsChannel reports. The fund purchased 608,595 shares of the company’s stock, valued at approximately $11,375,000.

Several other institutional investors have also bought and sold shares of MTUS. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Metallus in the 3rd quarter worth about $33,000. iSAM Funds UK Ltd purchased a new position in Metallus in the third quarter worth about $53,000. State of Wyoming bought a new stake in Metallus during the second quarter worth approximately $77,000. GAMMA Investing LLC increased its stake in Metallus by 29.4% during the second quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock worth $81,000 after acquiring an additional 986 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Metallus during the second quarter valued at approximately $110,000. Institutional investors own 77.58% of the company’s stock.

Metallus Trading Up 0.1%

Metallus stock opened at $19.60 on Friday. Metallus Inc. has a 12-month low of $14.19 and a 12-month high of $22.58. The firm has a 50-day moving average price of $19.98 and a 200-day moving average price of $18.85. The firm has a market capitalization of $812.42 million, a PE ratio of 103.16, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36.

Metallus (NYSE:MTUS) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The company had revenue of $261.40 million for the quarter, compared to the consensus estimate of $330.85 million. As a group, sell-side analysts predict that Metallus Inc. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Metallus in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Metallus from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Metallus

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.