Parametric Portfolio Associates LLC Has $923,000 Holdings in Olympic Steel, Inc. (ZEUS)

Parametric Portfolio Associates LLC raised its stake in Olympic Steel, Inc. (NASDAQ:ZEUS) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,363 shares of the basic materials company’s stock after acquiring an additional 196 shares during the period. Parametric Portfolio Associates LLC owned about 0.43% of Olympic Steel worth $923,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in Olympic Steel by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 12,676 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 39 shares during the period. Rhumbline Advisers grew its position in Olympic Steel by 0.8% in the second quarter. Rhumbline Advisers now owns 18,007 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 135 shares during the period. Citigroup Inc. grew its position in Olympic Steel by 4.0% in the second quarter. Citigroup Inc. now owns 12,888 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 490 shares during the period. Capstone Asset Management Co. grew its position in Olympic Steel by 5.4% in the second quarter. Capstone Asset Management Co. now owns 11,526 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 590 shares during the period. Finally, Teachers Advisors LLC grew its position in Olympic Steel by 6.4% in the second quarter. Teachers Advisors LLC now owns 20,312 shares of the basic materials company’s stock valued at $396,000 after acquiring an additional 1,220 shares during the period. Hedge funds and other institutional investors own 69.21% of the company’s stock.

In other Olympic Steel news, COO Andrew S. Greiff acquired 3,500 shares of Olympic Steel stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of $17.75 per share, with a total value of $62,125.00. Following the completion of the purchase, the chief operating officer now owns 9,021 shares in the company, valued at $160,122.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 18.29% of the stock is currently owned by insiders.

A number of equities analysts have commented on ZEUS shares. Zacks Investment Research raised Olympic Steel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. KeyCorp reissued a “hold” rating on shares of Olympic Steel in a research note on Tuesday, September 19th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.00.

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Olympic Steel, Inc. (ZEUS) opened at $19.33 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.23 and a quick ratio of 1.54. The company has a market capitalization of $212.08, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.77. Olympic Steel, Inc. has a one year low of $15.83 and a one year high of $28.67.

Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $331.44 million for the quarter, compared to analyst estimates of $323.05 million. Olympic Steel had a return on equity of 4.32% and a net margin of 0.99%. The business’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. sell-side analysts expect that Olympic Steel, Inc. will post 1.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Thursday, November 30th. Olympic Steel’s dividend payout ratio is currently 7.21%.

About Olympic Steel

Olympic Steel, Inc is a metals service center. The Company provides metals processing and distribution services for a range of customers. The Company operates through three segments: carbon flat products, specialty metals flat products, and tubular and pipe products. The Company’s carbon flat products segment’s focus is on the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts.

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Institutional Ownership by Quarter for Olympic Steel (NASDAQ:ZEUS)

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