Fmr LLC Makes New $29,000 Investment in Metallus Inc. (NYSE:MTUS)

Fmr LLC bought a new position in shares of Metallus Inc. (NYSE:MTUS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,941 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Huntington National Bank acquired a new stake in shares of Metallus in the third quarter valued at approximately $49,000. Amalgamated Bank purchased a new position in Metallus in the 3rd quarter valued at about $172,000. Creative Planning acquired a new stake in shares of Metallus during the 3rd quarter worth about $183,000. SG Americas Securities LLC purchased a new stake in Metallus in the 3rd quarter worth approximately $189,000. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in Metallus in the 3rd quarter valued at about $233,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Stock Up 1.1 %

Shares of NYSE MTUS opened at $14.27 on Thursday. The stock has a market capitalization of $606.39 million, a PE ratio of 27.44, a P/E/G ratio of 1.66 and a beta of 1.39. The firm has a fifty day moving average of $15.35 and a 200-day moving average of $17.07. Metallus Inc. has a 52-week low of $13.82 and a 52-week high of $24.31.

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.