Assenagon Asset Management S.A. Lowers Stake in Metallus Inc. (NYSE:MTUS)

Assenagon Asset Management S.A. lessened its stake in Metallus Inc. (NYSE:MTUS) by 23.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,296 shares of the company’s stock after selling 48,159 shares during the period. Assenagon Asset Management S.A. owned 0.37% of Metallus worth $2,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Metallus during the third quarter valued at $189,000. Farmers Trust Co. bought a new stake in shares of Metallus in the 3rd quarter valued at about $609,000. Inspire Investing LLC purchased a new stake in shares of Metallus in the 3rd quarter worth approximately $414,000. Exchange Traded Concepts LLC purchased a new stake in shares of Metallus in the 3rd quarter worth approximately $942,000. Finally, Creative Planning bought a new position in shares of Metallus during the third quarter valued at approximately $183,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Down 3.3 %

Shares of NYSE:MTUS opened at $14.69 on Thursday. The firm has a 50 day moving average of $15.07 and a 200 day moving average of $16.17. The company has a market capitalization of $623.97 million, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.39. Metallus Inc. has a 52 week low of $13.09 and a 52 week high of $24.31.

Metallus (NYSE:MTUS) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.15). Metallus had a return on equity of 6.15% and a net margin of 2.05%. The company had revenue of $227.20 million during the quarter, compared to the consensus estimate of $278.30 million. During the same period in the previous year, the firm posted $0.52 earnings per share. On average, sell-side analysts expect that Metallus Inc. will post 0.64 EPS for the current 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.