Louisiana State Employees Retirement System Makes New $274,000 Investment in Metallus Inc. (NYSE:MTUS)

Louisiana State Employees Retirement System purchased a new stake in Metallus Inc. (NYSE:MTUS) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 18,500 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors have also recently added to or reduced their stakes in MTUS. Assenagon Asset Management S.A. purchased a new stake in Metallus in the 3rd quarter valued at approximately $3,017,000. Exchange Traded Concepts LLC acquired a new stake in shares of Metallus during the 3rd quarter worth $942,000. Fruth Investment Management acquired a new stake in shares of Metallus during the 3rd quarter worth $811,000. Farmers Trust Co. acquired a new stake in Metallus in the 3rd quarter valued at $609,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Metallus in the 3rd quarter valued at $566,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Price Performance

NYSE:MTUS opened at $16.38 on Thursday. The firm has a 50-day moving average of $14.83 and a two-hundred day moving average of $18.69. The stock has a market cap of $711.86 million, a P/E ratio of 14.12, a PEG ratio of 1.00 and a beta of 1.36. Metallus Inc. has a 1-year low of $13.82 and a 1-year high of $24.31.

Metallus (NYSE:MTUS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.24). Metallus had a return on equity of 10.10% and a net margin of 4.21%. The company had revenue of $294.70 million for the quarter, compared to the consensus estimate of $320.37 million. During the same period in the previous year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. As a group, equities analysts expect that Metallus Inc. will post 0.96 earnings per share for the current year.

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.