Susquehanna International Group LLP Cuts Stock Holdings in Olympic Steel, Inc. (NASDAQ:ZEUS)

Susquehanna International Group LLP lowered its position in Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) by 13.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,171 shares of the basic materials company's stock after selling 9,153 shares during the quarter. Susquehanna International Group LLP owned 0.55% of Olympic Steel worth $2,007,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in Olympic Steel during the fourth quarter valued at about $59,000. Magnetar Financial LLC acquired a new position in Olympic Steel in the fourth quarter valued at approximately $216,000. Los Angeles Capital Management LLC boosted its position in shares of Olympic Steel by 11.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 7,517 shares of the basic materials company's stock worth $247,000 after purchasing an additional 770 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Olympic Steel by 29.0% in the fourth quarter. SG Americas Securities LLC now owns 8,103 shares of the basic materials company's stock valued at $266,000 after purchasing an additional 1,820 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Olympic Steel by 16.0% during the 4th quarter. Wells Fargo & Company MN now owns 9,090 shares of the basic materials company's stock worth $298,000 after buying an additional 1,257 shares during the last quarter. Institutional investors own 87.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Olympic Steel from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. KeyCorp cut their price objective on shares of Olympic Steel from $43.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th.

Olympic Steel Trading Down 1.2%

Shares of ZEUS traded down $0.40 during trading hours on Thursday, reaching $31.86. 14,793 shares of the company traded hands, compared to its average volume of 118,320. The company's fifty day moving average price is $31.40 and its two-hundred day moving average price is $34.68. The company has a quick ratio of 1.26, a current ratio of 3.52 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $355.60 million, a price-to-earnings ratio of 16.09 and a beta of 1.75. Olympic Steel, Inc. has a 12 month low of $26.32 and a 12 month high of $56.10.

Olympic Steel (NASDAQ:ZEUS - Get Free Report) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.03). The business had revenue of $492.94 million for the quarter, compared to analysts' expectations of $466.80 million. Olympic Steel had a net margin of 1.18% and a return on equity of 3.31%. Equities research analysts predict that Olympic Steel, Inc. will post 2.69 earnings per share for the current fiscal year.

Olympic Steel Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, June 2nd. Olympic Steel's dividend payout ratio (DPR) is presently 44.76%.

Olympic Steel Company Profile

Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates.