118,426 Shares in Olympic Steel, Inc. $ZEUS Purchased by Versor Investments LP

Versor Investments LP acquired a new position in shares of Olympic Steel, Inc. (NASDAQ:ZEUS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 118,426 shares of the basic materials company’s stock, valued at approximately $5,067,000. Olympic Steel makes up 0.8% of Versor Investments LP’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Olympic Steel by 823.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 741 shares in the last quarter. Quarry LP purchased a new stake in Olympic Steel during the 3rd quarter worth about $27,000. Strs Ohio acquired a new stake in Olympic Steel in the 3rd quarter worth about $58,000. CoreCap Advisors LLC boosted its stake in Olympic Steel by 41.2% in the 3rd quarter. CoreCap Advisors LLC now owns 3,669 shares of the basic materials company’s stock worth $112,000 after buying an additional 1,071 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Olympic Steel in the 3rd quarter worth about $142,000. Hedge funds and other institutional investors own 87.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Olympic Steel from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

Olympic Steel Price Performance

Shares of NASDAQ:ZEUS opened at $47.86 on Tuesday. The stock’s 50-day moving average price is $47.86 and its two-hundred day moving average price is $44.42. The company has a current ratio of 3.12, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. Olympic Steel, Inc. has a 12-month low of $27.11 and a 12-month high of $52.65. The firm has a market cap of $535.94 million, a price-to-earnings ratio of 40.91 and a beta of 1.75.

Olympic Steel Profile

Olympic Steel, Inc is a leading metals service center headquartered in Cleveland, Ohio, specializing in the distribution of carbon, stainless, aluminum and alloy sheet, plate, bar, tubing, and piping products. The company offers a broad range of metals in various grades, sizes and dimensions, serving customers across a variety of industries. Olympic Steel operates as a one‐stop source for metals procurement, providing both standard inventory offerings and custom‐cut pieces to meet specific customer requirements.

Through its network of service centers in the United States and Mexico, Olympic Steel provides a suite of value‐added processing services, including precision laser and plasma cutting, shearing, slitting, shearing, forming, plate burning, leveling and robotic welding.