Olympic Steel, Inc. (NASDAQ:ZEUS)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a report released on Tuesday.

Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Olympic Steel from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating on shares of Olympic Steel in a research report on Friday, July 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.75.

Olympic Steel (NASDAQ ZEUS) opened at 20.75 on Tuesday. Olympic Steel has a 12-month low of $15.83 and a 12-month high of $28.67. The firm has a market cap of $227.57 million, a P/E ratio of 27.27 and a beta of 1.72. The firm’s 50-day moving average price is $17.91 and its 200 day moving average price is $18.45.

Olympic Steel (NASDAQ:ZEUS) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.06. The firm had revenue of $356.20 million during the quarter, compared to the consensus estimate of $365.00 million. Olympic Steel had a net margin of 0.71% and a return on equity of 2.82%. During the same period last year, the business posted $0.32 earnings per share. Analysts forecast that Olympic Steel will post $1.23 earnings per share for the current fiscal year.

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In other news, CFO Richard T. Marabito acquired 2,000 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $17.42 per share, for a total transaction of $34,840.00. Following the completion of the transaction, the chief financial officer now directly owns 30,614 shares in the company, valued at $533,295.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Andrew S. Greiff acquired 3,500 shares of the stock in a transaction on Tuesday, September 5th. The shares were purchased at an average price of $17.75 per share, with a total value of $62,125.00. Following the completion of the transaction, the chief operating officer now owns 9,021 shares of the company’s stock, valued at $160,122.75. The disclosure for this purchase can be found here. 18.29% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ZEUS. Teachers Advisors LLC raised its position in Olympic Steel by 6.3% during the fourth quarter. Teachers Advisors LLC now owns 16,868 shares of the basic materials company’s stock valued at $409,000 after purchasing an additional 999 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of Olympic Steel by 3.5% during the first quarter. Capstone Asset Management Co. now owns 10,936 shares of the basic materials company’s stock worth $203,000 after buying an additional 370 shares during the last quarter. Strs Ohio grew its stake in shares of Olympic Steel by 32.6% during the first quarter. Strs Ohio now owns 32,100 shares of the basic materials company’s stock worth $595,000 after buying an additional 7,900 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Olympic Steel by 128.5% during the first quarter. Wells Fargo & Company MN now owns 15,245 shares of the basic materials company’s stock worth $283,000 after buying an additional 8,574 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Olympic Steel by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 144,755 shares of the basic materials company’s stock worth $2,687,000 after buying an additional 2,791 shares during the last quarter. Institutional investors and hedge funds own 68.11% of the company’s stock.

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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