South Dakota Investment Council Cuts Stock Position in Metallus Inc. $MTUS

South Dakota Investment Council cut its holdings in shares of Metallus Inc. (NYSE:MTUS) by 14.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 353,837 shares of the company’s stock after selling 57,700 shares during the quarter. South Dakota Investment Council’s holdings in Metallus were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MTUS. Donald Smith & CO. Inc. bought a new position in Metallus during the second quarter valued at about $8,575,000. Ameriprise Financial Inc. boosted its stake in 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 acquiring an additional 221,828 shares during the last quarter. Manatuck Hill Partners LLC purchased a new position in Metallus in the second quarter valued at about $2,312,000. Systematic Financial Management LP grew its position in shares of Metallus by 7.2% during the 2nd 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 period. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of Metallus during the 2nd quarter worth approximately $1,138,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Price Performance

NYSE:MTUS opened at $17.38 on Wednesday. Metallus Inc. has a 1 year low of $10.78 and a 1 year high of $21.73. The stock’s fifty day moving average price is $19.29 and its two-hundred day moving average price is $17.75. The company has a market cap of $725.27 million, a P/E ratio of -579.14, a P/E/G ratio of 1.24 and a beta of 1.43.

Metallus (NYSE:MTUS) last released its quarterly earnings data on Thursday, February 19th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.23). The company had revenue of $267.30 million for the quarter, compared to the consensus estimate of $290.83 million. Metallus had a negative net margin of 0.10% and a positive return on equity of 2.30%. On average, analysts expect that Metallus Inc. will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Metallus

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

Analyst Ratings Changes

MTUS has been the topic of several research analyst reports. Wall Street Zen downgraded Metallus from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Metallus in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Metallus from a “hold” rating to a “strong sell” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $24.00.

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.