663,998 Shares in Metallus Inc. (NYSE:MTUS) Acquired by Azarias Capital Management L.P.

Azarias Capital Management L.P. acquired a new stake in shares of Metallus Inc. (NYSE:MTUS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 663,998 shares of the company’s stock, valued at approximately $9,382,000. Metallus comprises 4.2% of Azarias Capital Management L.P.’s holdings, making the stock its 11th biggest holding. Azarias Capital Management L.P. owned about 1.56% of Metallus at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Metallus during the 3rd quarter valued at about $1,104,000. Geode Capital Management LLC purchased a new stake in Metallus in the third quarter worth approximately $13,888,000. Principal Financial Group Inc. purchased a new stake in Metallus in the third quarter worth approximately $2,956,000. State Street Corp bought a new stake in Metallus in the 3rd quarter worth approximately $32,439,000. Finally, Barclays PLC purchased a new stake in Metallus during the 3rd quarter valued at $1,031,000. 77.58% of the stock is owned by institutional investors.

Metallus Stock Performance

MTUS stock opened at $15.16 on Thursday. The company has a market cap of $644.15 million, a price-to-earnings ratio of 29.15, a P/E/G ratio of 0.98 and a beta of 1.38. The business’s 50-day moving average is $14.90 and its two-hundred day moving average is $15.50. Metallus Inc. has a fifty-two week low of $13.09 and a fifty-two week high of $24.31.

Metallus 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.