Olympic Steel, Inc. (NASDAQ:ZEUS) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in Olympic Steel, Inc. (NASDAQ:ZEUS) by 25.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,311 shares of the basic materials company’s stock after buying an additional 10,309 shares during the quarter. WINTON GROUP Ltd owned 0.46% of Olympic Steel worth $687,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in Olympic Steel by 3.1% in the first quarter. Nordea Investment Management AB now owns 66,800 shares of the basic materials company’s stock valued at $1,060,000 after purchasing an additional 2,000 shares during the period. ClariVest Asset Management LLC lifted its position in Olympic Steel by 3.1% in the first quarter. ClariVest Asset Management LLC now owns 66,800 shares of the basic materials company’s stock valued at $1,060,000 after purchasing an additional 2,000 shares during the period. OppenheimerFunds Inc. lifted its position in Olympic Steel by 18.7% in the first quarter. OppenheimerFunds Inc. now owns 55,553 shares of the basic materials company’s stock valued at $882,000 after purchasing an additional 8,735 shares during the period. Globeflex Capital L P lifted its position in Olympic Steel by 18.0% in the first quarter. Globeflex Capital L P now owns 31,976 shares of the basic materials company’s stock valued at $507,000 after purchasing an additional 4,876 shares during the period. Finally, Alambic Investment Management L.P. acquired a new stake in Olympic Steel in the first quarter valued at about $987,000. 65.70% of the stock is owned by institutional investors and hedge funds.

NASDAQ:ZEUS traded up $0.17 during mid-day trading on Tuesday, reaching $12.28. The stock had a trading volume of 1,076 shares, compared to its average volume of 51,040. The company has a quick ratio of 1.69, a current ratio of 4.34 and a debt-to-equity ratio of 1.09. The stock has a market cap of $133.60 million, a price-to-earnings ratio of 3.46 and a beta of 2.16. Olympic Steel, Inc. has a twelve month low of $11.50 and a twelve month high of $24.23. The firm’s 50 day moving average price is $12.72.

Olympic Steel (NASDAQ:ZEUS) last posted its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). Olympic Steel had a net margin of 1.58% and a return on equity of 11.24%. The company had revenue of $445.90 million for the quarter, compared to analyst estimates of $437.30 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. Olympic Steel’s revenue was up 18.6% on a year-over-year basis. On average, equities research analysts forecast that Olympic Steel, Inc. will post 0.58 earnings per share for the current year.

Separately, Zacks Investment Research downgraded shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th.

Olympic Steel Profile

Olympic Steel, Inc processes and distributes metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

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

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