Azarias Capital Management L.P. Sells 245,085 Shares of Metallus Inc. $MTUS

Azarias Capital Management L.P. trimmed its holdings in Metallus Inc. (NYSE:MTUS) by 58.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,422 shares of the company’s stock after selling 245,085 shares during the period. Metallus comprises about 3.1% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 12th largest holding. Azarias Capital Management L.P.’s holdings in Metallus were worth $3,312,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MTUS. Public Employees Retirement System of Ohio acquired a new stake in shares of Metallus during the second quarter worth about $37,000. State of Wyoming acquired a new position in shares of Metallus in the 2nd quarter valued at approximately $77,000. GAMMA Investing LLC grew its position in shares of Metallus by 29.4% in the 2nd quarter. GAMMA Investing LLC now owns 4,335 shares of the company’s stock valued at $81,000 after purchasing an additional 986 shares during the period. UNIVEST FINANCIAL Corp acquired a new position in shares of Metallus in the 2nd quarter valued at approximately $187,000. Finally, Canada Pension Plan Investment Board bought a new stake in Metallus during the 2nd quarter worth approximately $234,000. 77.58% of the stock is currently owned by institutional investors.

Insider Activity at Metallus

In other news, EVP Kristine Syrvalin sold 5,000 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $21.12, for a total value of $105,600.00. Following the sale, the executive vice president directly owned 101,078 shares in the company, valued at $2,134,767.36. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MTUS has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Metallus in a report on Friday, September 4th. KeyCorp reaffirmed a “sector weight” rating on shares of Metallus in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Hold rating. According to MarketBeat, Metallus presently has an average rating of “Hold”.

Metallus Stock Up 0.3%

MTUS traded up $0.06 during trading on Wednesday, hitting $20.62. The company had a trading volume of 351,714 shares, compared to its average volume of 379,505. The company has a market capitalization of $854.86 million, a PE ratio of 108.55, a PEG ratio of 1.64 and a beta of 1.37. Metallus Inc. has a one year low of $14.19 and a one year high of $22.58. The firm’s 50-day moving average price is $19.92 and its 200 day moving average price is $19.23.

Metallus (NYSE:MTUS) last announced its earnings results on Monday, August 3rd. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Metallus had a net margin of 0.66% and a return on equity of 3.35%. The firm had revenue of $261.40 million during the quarter, compared to analyst estimates of $330.85 million. Sell-side analysts forecast that Metallus Inc. will post 0.83 earnings per share for the current year.

About Metallus

Metallus, Inc (NYSE: MTUS) is a steel manufacturer focused on specialty alloys and engineered metal products. The company produces high-performance alloy steel, specialty bar quality (SBQ) steel, seamless mechanical tubing and related components designed for demanding industrial applications.

Its products serve customers in markets including automotive, industrial equipment, energy, aerospace and defense, and other applications that require strength, durability and precise material performance.