International Assets Investment Management LLC Invests $462,000 in Metallus Inc. (NYSE:MTUS)

International Assets Investment Management LLC acquired a new position in shares of Metallus Inc. (NYSE:MTUS) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,143 shares of the company’s stock, valued at approximately $462,000. International Assets Investment Management LLC owned approximately 0.07% of Metallus as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Exchange Traded Concepts LLC bought a new stake in shares of Metallus during the 3rd quarter worth $942,000. Fruth Investment Management bought a new stake in shares of Metallus during the 3rd quarter worth $811,000. Farmers Trust Co. bought a new stake in shares of Metallus during the 3rd quarter worth $609,000. Sequoia Financial Advisors LLC bought a new stake in shares of Metallus during the 3rd quarter worth $566,000. Finally, Inspire Investing LLC bought a new stake in shares of Metallus during the 3rd quarter worth $414,000. 77.58% of the stock is owned by institutional investors.

Metallus Stock Up 2.6 %

MTUS opened at $14.76 on Wednesday. The stock has a fifty day moving average of $14.86 and a 200-day moving average of $18.76. The firm has a market capitalization of $641.47 million, a P/E ratio of 12.40, a PEG ratio of 1.00 and a beta of 1.36. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31.

Metallus (NYSE:MTUS) last released its earnings results on Thursday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.24). The business had revenue of $294.70 million during the quarter, compared to analysts’ expectations of $320.37 million. Metallus had a net margin of 4.21% and a return on equity of 10.10%. Metallus’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. On average, analysts expect that Metallus Inc. will post 0.96 earnings per share for the current fiscal year.

Metallus Company Profile

Metallus Inc manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, precision steel components, and billets that are used in gears, hubs, axles, crankshafts and motor shafts, oil country drill pipes, bits and collars, bearing races and rolling elements, bushings, fuel injectors, wind energy shafts, anti-friction bearings, artillery and mortar bodies, and other applications.