Azarias Capital Management L.P. Purchases 58,511 Shares of Metallus Inc. $MTUS

Azarias Capital Management L.P. boosted its holdings in Metallus Inc. (NYSE:MTUS) by 12.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 543,322 shares of the company’s stock after buying an additional 58,511 shares during the period. Metallus makes up about 4.0% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 8th largest position. Azarias Capital Management L.P.’s holdings in Metallus were worth $8,878,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Metallus during the third quarter worth about $33,000. iSAM Funds UK Ltd purchased a new stake in shares of Metallus during the 3rd quarter valued at about $53,000. Quantbot Technologies LP purchased a new stake in shares of Metallus during the 2nd quarter valued at about $110,000. Strs Ohio acquired a new position in Metallus during the 1st quarter worth approximately $142,000. Finally, BNP Paribas Financial Markets lifted its position in Metallus by 138.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,038 shares of the company’s stock worth $149,000 after acquiring an additional 5,246 shares in the last quarter. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTUS has been the subject of several recent research reports. Weiss Ratings raised shares of Metallus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 8th. KeyCorp assumed coverage on shares of Metallus in a research note on Wednesday, March 25th. They set a “sector weight” rating on the stock. Zacks Research raised Metallus from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered Metallus from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Metallus has a consensus rating of “Hold” and an average price target of $24.00.

Metallus Price Performance

Metallus stock opened at $19.30 on Monday. Metallus Inc. has a 12 month low of $14.03 and a 12 month high of $21.73. The company has a fifty day moving average price of $18.94 and a two-hundred day moving average price of $18.40. The company has a market cap of $803.54 million, a PE ratio of 275.78, a P/E/G ratio of 1.33 and a beta of 1.35.

Metallus (NYSE:MTUS) last issued its earnings results on Monday, May 4th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Metallus had a net margin of 0.24% and a return on equity of 2.96%. The company had revenue of $238.30 million for the quarter, compared to analysts’ expectations of $303.47 million. Equities research analysts anticipate that Metallus Inc. will post 0.97 earnings per share for the current 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.