JPMorgan Chase & Co. Sells 1,167 Shares of Metallus Inc. (NYSE:MTUS)

JPMorgan Chase & Co. cut its position in shares of Metallus Inc. (NYSE:MTUS) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,771 shares of the company’s stock after selling 1,167 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of Metallus worth $2,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Metallus during the third quarter valued at $189,000. Farmers Trust Co. purchased a new position in Metallus during the third quarter valued at $609,000. Inspire Investing LLC purchased a new position in Metallus during the third quarter valued at $414,000. Exchange Traded Concepts LLC purchased a new position in Metallus during the third quarter valued at $942,000. Finally, Creative Planning purchased a new position in Metallus during the third quarter valued at $183,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Trading Up 1.5 %

Shares of NYSE:MTUS opened at $15.23 on Wednesday. The stock has a fifty day simple moving average of $15.09 and a two-hundred day simple moving average of $16.18. The stock has a market capitalization of $647.17 million, a price-to-earnings ratio of 29.29, a PEG ratio of 1.03 and a beta of 1.39. Metallus Inc. has a 12-month low of $13.09 and a 12-month high of $24.31.

Metallus (NYSE:MTUS) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). Metallus had a net margin of 2.05% and a return on equity of 6.15%. The company had revenue of $227.20 million for the quarter, compared to analysts’ expectations of $278.30 million. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, equities research analysts predict 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.