Envestnet Portfolio Solutions Inc. Invests $308,000 in Metallus Inc. $MTUS

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Metallus Inc. (NYSE:MTUS) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,955 shares of the company’s stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MTUS. GAMMA Investing LLC increased its holdings in shares of Metallus by 108.1% during the 1st quarter. GAMMA Investing LLC now owns 1,883 shares of the company’s stock worth $25,000 after buying an additional 978 shares during the last quarter. CWM LLC increased its holdings in shares of Metallus by 60.2% during the 1st quarter. CWM LLC now owns 3,421 shares of the company’s stock worth $46,000 after buying an additional 1,286 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Metallus during the 1st quarter worth $67,000. Teacher Retirement System of Texas acquired a new stake in shares of Metallus during the 1st quarter worth $142,000. Finally, Strs Ohio acquired a new stake in shares of Metallus during the 1st quarter worth $142,000. 77.58% of the stock is currently owned by institutional investors and hedge funds.

Metallus Trading Up 2.8%

Shares of NYSE MTUS opened at $17.78 on Friday. Metallus Inc. has a 12-month low of $10.78 and a 12-month high of $18.39. The company has a market cap of $743.82 million, a P/E ratio of -34.87, a P/E/G ratio of 1.95 and a beta of 1.44. The stock has a fifty day moving average price of $16.64 and a 200 day moving average price of $15.11.

Metallus (NYSE:MTUS) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $304.60 million during the quarter, compared to analysts’ expectations of $297.83 million. Metallus had a negative net margin of 2.12% and a positive return on equity of 0.56%. On average, sell-side analysts forecast that Metallus Inc. will post 0.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTUS. Wall Street Zen upgraded Metallus from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Weiss Ratings restated a “sell (d)” rating on shares of Metallus in a report on Wednesday, October 8th. Finally, Northcoast Research started coverage on Metallus in a report on Wednesday, July 23rd. They issued a “buy” rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $24.00.

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.