Royce & Associates LP Buys 128,437 Shares of Metallus Inc. (NYSE:MTUS)

Royce & Associates LP boosted its stake in shares of Metallus Inc. (NYSE:MTUS) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,092,768 shares of the company’s stock after purchasing an additional 128,437 shares during the quarter. Royce & Associates LP owned about 2.57% of Metallus worth $15,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vestcor Inc bought a new stake in shares of Metallus in the 4th quarter valued at about $104,000. Amundi lifted its position in Metallus by 207.8% during the fourth quarter. Amundi now owns 23,845 shares of the company’s stock valued at $320,000 after acquiring an additional 16,097 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Metallus in the fourth quarter valued at approximately $335,000. Proficio Capital Partners LLC purchased a new position in Metallus in the fourth quarter worth $236,000. Finally, Ieq Capital LLC acquired a new position in shares of Metallus during the fourth quarter worth $273,000. Hedge funds and other institutional investors own 77.58% of the company’s stock.

Metallus Price Performance

Metallus stock opened at $14.07 on Monday. Metallus Inc. has a 1-year low of $12.96 and a 1-year high of $24.31. The business has a fifty day moving average price of $14.80 and a 200-day moving average price of $14.98. The stock has a market capitalization of $592.36 million, a price-to-earnings ratio of 27.05, a PEG ratio of 1.02 and a beta of 1.32.

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.