Metallus Inc. (NYSE:MTUS) Position Lowered by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in shares of Metallus Inc. (NYSE:MTUS) by 29.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 451,952 shares of the company’s stock after selling 187,556 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Metallus were worth $6,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC bought a new position in Metallus during the third quarter worth $29,000. Mark Sheptoff Financial Planning LLC bought a new stake in Metallus during the third quarter valued at $41,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Metallus during the third quarter worth $156,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Metallus in the 3rd quarter worth about $159,000. Finally, Franklin Resources Inc. bought a new position in shares of Metallus in the 3rd quarter worth about $178,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Up 4.5 %

Shares of NYSE:MTUS opened at $13.50 on Tuesday. The firm has a 50-day simple moving average of $14.79 and a 200 day simple moving average of $14.89. The company has a market cap of $568.25 million, a PE ratio of 25.95, a P/E/G ratio of 1.02 and a beta of 1.32. Metallus Inc. has a fifty-two week low of $12.80 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.