State Street Corp Purchases New Position in Metallus Inc. (NYSE:MTUS)

State Street Corp acquired a new position in shares of Metallus Inc. (NYSE:MTUS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,187,368 shares of the company’s stock, valued at approximately $32,439,000. State Street Corp owned about 5.15% of Metallus at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. FMR LLC bought a new stake in Metallus during the 3rd quarter worth approximately $29,000. Mark Sheptoff Financial Planning LLC acquired a new position in Metallus in the third quarter worth $41,000. Huntington National Bank bought a new stake in shares of Metallus during the third quarter worth $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Metallus in the third quarter valued at $159,000. Finally, Amalgamated Bank bought a new position in shares of Metallus in the third quarter valued at about $172,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Down 0.3 %

Shares of NYSE MTUS opened at $14.41 on Friday. The company has a market cap of $612.34 million, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.39. Metallus Inc. has a 12-month low of $13.82 and a 12-month high of $24.31. The firm’s 50-day simple moving average is $15.37 and its 200 day simple moving average is $17.28.

Metallus 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.