Olympic Steel Inc Stock as Institutional Investors Enter

September 12, 2017 - By Marguerite Chambers

 Olympic Steel Inc Stock  as Institutional Investors Enter

Sentiment for Olympic Steel Inc (NASDAQ:ZEUS)

Olympic Steel Inc (NASDAQ:ZEUS) institutional sentiment increased to 1.23 in 2016 Q4. Its up 0.09, from 1.14 in 2016Q3. The ratio improved, as 58 institutional investors started new or increased equity positions, while 47 decreased and sold stakes in Olympic Steel Inc. The institutional investors in our partner’s database now hold: 8.01 million shares, down from 8.08 million shares in 2016Q3. Also, the number of institutional investors holding Olympic Steel Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 38 Increased: 35 New Position: 23.

Olympic Steel, Inc. is a metals service center. The company has market cap of $203.78 million. The Firm provides metals processing and distribution services for a range of customers. It has a 24.63 P/E ratio. The Firm operates through three divisions: carbon flat products, specialty metals flat products, and tubular and pipe products.

About 31,722 shares traded. Olympic Steel, Inc. (NASDAQ:ZEUS) has declined 22.41% since September 12, 2016 and is downtrending. It has underperformed by 39.11% the S&P500.

Sg Capital Management Llc holds 0.46% of its portfolio in Olympic Steel, Inc. for 114,727 shares. Ancora Advisors Llc owns 74,093 shares or 0.13% of their US portfolio. Moreover, Foundry Partners Llc has 0.13% invested in the company for 123,035 shares. The United Kingdom-based Gsa Capital Partners Llp has invested 0.09% in the stock. Numeric Investors Llc, a Massachusetts-based fund reported 350,196 shares.#img1#

Since January 1, 0001, it had 5 insider purchases, and 0 sales for $174,464 activity.

Olympic Steel, Inc. (NASDAQ:ZEUS) Ratings Coverage

Ratings analysis reveals 67% of Olympic Steel Inc’s analysts are positive. Out of 3 Wall Street analysts rating Olympic Steel Inc, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $14.50 while the high is $2100. The stock’s average target of $18.50 is -0.43% below today’s ($18.58) share price. ZEUS was included in 15 notes of analysts from July 22, 2015. Jefferies reinitiated the shares of ZEUS in report on Wednesday, January 13 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, March 14 by Macquarie Research. KeyBanc Capital Markets upgraded Olympic Steel, Inc. (NASDAQ:ZEUS) on Monday, September 19 to “Sector Weight” rating. The company was downgraded on Tuesday, November 8 by Macquarie Research. The firm has “Sector Weight” rating given on Monday, September 21 by KeyBanc Capital Markets. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, January 9. KeyBanc Capital Markets downgraded the stock to “Underweight” rating in Friday, August 19 report. The stock has “Hold” rating by Jefferies on Friday, June 2. As per Monday, August 24, the company rating was upgraded by Jefferies. The rating was maintained by Jefferies with “Hold” on Wednesday, July 19.

More notable recent Olympic Steel, Inc. (NASDAQ:ZEUS) news were published by: Seekingalpha.com which released: “Olympic Steel’s (ZEUS) CEO Michael Siegal on Q4 2016 Results – Earnings Call …” on March 02, 2017, also Seekingalpha.com with their article: “Olympic Steel’s (ZEUS) CEO Michael Siegal on Q1 2017 Results – Earnings Call …” published on April 28, 2017, Businesswire.com published: “Olympic Steel Promotes Terry Rohde to Director of Operations” on August 21, 2017. More interesting news about Olympic Steel, Inc. (NASDAQ:ZEUS) were released by: Businesswire.com and their article: “Olympic Steel Announces Information Technology Succession Plan” published on June 30, 2017 as well as Seekingalpha.com‘s news article titled: “Olympic Steel’s (ZEUS) CEO Michael Siegal on Q2 2017 Results – Earnings Call …” with publication date: August 06, 2017.

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