Azarias Capital Management L.P. Buys New Holdings in Metallus Inc. (NYSE:MTUS)

Azarias Capital Management L.P. purchased a new position in Metallus Inc. (NYSE:MTUS) during the fourth quarter, HoldingsChannel reports. The fund purchased 663,998 shares of the company’s stock, valued at approximately $9,382,000. Metallus accounts for approximately 4.2% of Azarias Capital Management L.P.’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTUS. FMR LLC purchased a new position in shares of Metallus during the third quarter valued at about $29,000. Mark Sheptoff Financial Planning LLC purchased a new position in Metallus during the 3rd quarter valued at approximately $41,000. Huntington National Bank bought a new stake in Metallus in the 3rd quarter worth approximately $49,000. Y Intercept Hong Kong Ltd bought a new stake in Metallus in the 3rd quarter worth approximately $156,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Metallus during the 3rd quarter worth approximately $159,000. 77.58% of the stock is currently owned by institutional investors.

Metallus Stock Performance

MTUS stock opened at $15.16 on Thursday. The firm has a fifty day moving average price of $14.90 and a 200 day moving average price of $15.50. Metallus Inc. has a fifty-two week low of $13.09 and a fifty-two week high of $24.31. The firm has a market cap of $644.15 million, a PE ratio of 29.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38.

About Metallus

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.