Empowered Funds LLC Buys New Shares in Metallus Inc. (NYSE:MTUS)

Empowered Funds LLC purchased a new position in shares of Metallus Inc. (NYSE:MTUS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 240,409 shares of the company’s stock, valued at approximately $3,565,000. Empowered Funds LLC owned 0.55% of Metallus as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Metallus in the 3rd quarter valued at about $189,000. Farmers Trust Co. acquired a new position in Metallus during the third quarter valued at approximately $609,000. Inspire Investing LLC purchased a new stake in Metallus during the third quarter worth approximately $414,000. Exchange Traded Concepts LLC acquired a new stake in shares of Metallus in the third quarter worth $942,000. Finally, Creative Planning purchased a new position in shares of Metallus in the 3rd quarter valued at $183,000. Institutional investors and hedge funds own 77.58% of the company’s stock.

Metallus Stock Performance

NYSE:MTUS opened at $14.49 on Tuesday. The firm’s fifty day simple moving average is $14.80 and its 200 day simple moving average is $18.35. Metallus Inc. has a twelve month low of $13.82 and a twelve month high of $24.31. The firm has a market capitalization of $615.74 million, a price-to-earnings ratio of 27.87, a PEG ratio of 1.51 and a beta of 1.36.

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.