Foundry Partners LLC increased its position in Olympic Steel, Inc. (NASDAQ:ZEUS) by 14.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 275,690 shares of the basic materials company’s stock after acquiring an additional 35,575 shares during the quarter. Foundry Partners LLC’s holdings in Olympic Steel were worth $5,925,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of 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 boosted its position in shares of 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. Parametric Portfolio Associates LLC boosted its position in shares of Olympic Steel by 0.4% in the second quarter. Parametric Portfolio Associates LLC now owns 47,363 shares of the basic materials company’s stock valued at $923,000 after acquiring an additional 196 shares during the period. Citigroup Inc. boosted its position in shares of 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. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Olympic Steel by 12.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,349 shares of the basic materials company’s stock valued at $163,000 after acquiring an additional 934 shares during the period. Institutional investors own 67.90% of the company’s stock.

A number of equities analysts have recently commented on ZEUS shares. Zacks Investment Research lowered shares of Olympic Steel from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th. KeyCorp restated a “hold” rating on shares of Olympic Steel in a research report on Sunday, October 22nd. Finally, BidaskClub upgraded shares of Olympic Steel from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Olympic Steel presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Shares of Olympic Steel, Inc. (ZEUS) opened at $24.81 on Friday. Olympic Steel, Inc. has a 1 year low of $15.83 and a 1 year high of $27.16. The stock has a market cap of $275.61, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.72 and a beta of 1.79. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.54 and a current ratio of 4.23.

Olympic Steel (NASDAQ:ZEUS) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. Olympic Steel had a net margin of 0.99% and a return on equity of 4.32%. The business had revenue of $331.44 million during the quarter, compared to analyst estimates of $323.05 million. During the same period in the previous year, the business posted ($0.16) earnings per share. Olympic Steel’s revenue for the quarter was up 23.5% on a year-over-year basis. equities research analysts anticipate that Olympic Steel, Inc. will post 1.27 EPS for the current year.

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Olympic Steel Profile

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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