Olympic Steel Inc Institutional Investor Sentiment Worsened in Q1 2018

September 8, 2018 - By Mary Kidd

Olympic Steel, Inc. (NASDAQ:ZEUS) Logo

Sentiment for Olympic Steel Inc (NASDAQ:ZEUS)

Olympic Steel Inc (NASDAQ:ZEUS) institutional sentiment decreased to 1.3 in Q1 2018. Its down -0.20, from 1.5 in 2017Q4. The ratio is negative, as 52 active investment managers increased and started new stock positions, while 40 sold and decreased equity positions in Olympic Steel Inc. The active investment managers in our partner’s database now own: 7.04 million shares, down from 7.11 million shares in 2017Q4. Also, the number of active investment managers holding Olympic Steel Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 30 Increased: 33 New Position: 19.

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. The company has market cap of $235.03 million. It operates in three divisions: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. It has a 8.13 P/E ratio. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

The stock increased 1.62% or $0.34 during the last trading session, reaching $21.35. About 63,619 shares traded. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 32.29% since September 8, 2017 and is uptrending. It has outperformed by 19.72% the S&P500.

Analysts await Olympic Steel, Inc. (NASDAQ:ZEUS) to report earnings on November, 14. They expect $0.83 EPS, up 315.00 % or $0.63 from last year’s $0.2 per share. ZEUS’s profit will be $9.14 million for 6.43 P/E if the $0.83 EPS becomes a reality. After $1.49 actual EPS reported by Olympic Steel, Inc. for the previous quarter, Wall Street now forecasts -44.30 % negative EPS growth.

Sg Capital Management Llc holds 0.36% of its portfolio in Olympic Steel, Inc. for 92,154 shares. Foundry Partners Llc owns 278,990 shares or 0.24% of their US portfolio. Moreover, Globeflex Capital L P has 0.1% invested in the company for 23,000 shares. The Us-based Ancora Advisors Llc has invested 0.04% in the stock. Clarivest Asset Management Llc, a California-based fund reported 90,700 shares.

Olympic Steel, Inc. (NASDAQ:ZEUS) Institutional Positions Chart

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