Intech Investment Management LLC Invests $358,000 in Metallus Inc. (NYSE:MTUS)

Intech Investment Management LLC purchased a new position in Metallus Inc. (NYSE:MTUS) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 24,156 shares of the company’s stock, valued at approximately $358,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Huntington National Bank purchased a new stake in shares of Metallus in the third quarter worth approximately $49,000. Amalgamated Bank purchased a new stake in shares of Metallus in the third quarter worth approximately $172,000. Creative Planning purchased a new stake in shares of Metallus in the third quarter worth approximately $183,000. SG Americas Securities LLC purchased a new stake in shares of Metallus in the third quarter worth approximately $189,000. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of Metallus in the third quarter worth approximately $233,000. 77.58% of the stock is owned by hedge funds and other institutional investors.

Metallus Stock Down 1.9 %

MTUS opened at $16.75 on Wednesday. The stock’s fifty day moving average is $14.96 and its two-hundred day moving average is $17.94. The company has a market capitalization of $711.71 million, a P/E ratio of 32.21, a PEG ratio of 1.78 and a beta of 1.39. Metallus Inc. has a 52 week low of $13.82 and a 52 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.