Bank of New York Mellon Corp Sells 32,175 Shares of Metallus Inc. (NYSE:MTUS)

Bank of New York Mellon Corp lessened its stake in Metallus Inc. (NYSE:MTUS) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 265,318 shares of the company’s stock after selling 32,175 shares during the quarter. Bank of New York Mellon Corp owned about 0.62% of Metallus worth $3,749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTUS. FMR LLC acquired a new position in Metallus during the third quarter valued at approximately $29,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Metallus in the 3rd quarter valued at $41,000. Huntington National Bank bought a new position in shares of Metallus in the 3rd quarter valued at $49,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Metallus during the 3rd quarter worth $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Metallus during the 3rd quarter worth $159,000. Institutional investors own 77.58% of the company’s stock.

Metallus Stock Down 1.6 %

NYSE:MTUS opened at $13.63 on Wednesday. Metallus Inc. has a twelve month low of $12.96 and a twelve month high of $24.31. The stock’s 50-day simple moving average is $14.79 and its 200 day simple moving average is $14.95. The firm has a market capitalization of $574.17 million, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.32.

About Metallus

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.