State of Alaska Department of Revenue acquired a new stake in Metallus Inc. (NYSE:MTUS – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,825 shares of the company’s stock, valued at approximately $323,000. State of Alaska Department of Revenue owned 0.05% of Metallus at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Louisiana State Employees Retirement System bought a new stake in Metallus during the 3rd quarter worth approximately $274,000. Assenagon Asset Management S.A. purchased a new position in Metallus in the third quarter valued at approximately $3,017,000. Beese Fulmer Investment Management Inc. purchased a new position in Metallus in the third quarter valued at approximately $233,000. International Assets Investment Management LLC purchased a new stake in shares of Metallus during the third quarter worth $462,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Metallus during the third quarter worth $566,000. 77.58% of the stock is owned by institutional investors and hedge funds.
Metallus Stock Performance
Metallus stock opened at $15.71 on Friday. The stock has a market cap of $682.76 million, a P/E ratio of 13.54, a PEG ratio of 1.14 and a beta of 1.36. Metallus Inc. has a fifty-two week low of $13.82 and a fifty-two week high of $24.31. The firm’s fifty day moving average price is $14.82 and its 200-day moving average price is $18.62.
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.
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