154,020 Shares in Olympic Steel, Inc. $ZEUS Bought by Magnetar Financial LLC

Magnetar Financial LLC purchased a new position in Olympic Steel, Inc. (NASDAQ:ZEUS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 154,020 shares of the basic materials company’s stock, valued at approximately $6,590,000. Magnetar Financial LLC owned about 1.38% of Olympic Steel as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Squarepoint Ops LLC lifted its position in shares of Olympic Steel by 750.0% during the fourth quarter. Squarepoint Ops LLC now owns 70,777 shares of the basic materials company’s stock worth $3,028,000 after purchasing an additional 62,450 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Olympic Steel during the fourth quarter worth $2,143,000. Charles Schwab Investment Management Inc. lifted its position in shares of Olympic Steel by 30.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 328,297 shares of the basic materials company’s stock worth $14,046,000 after purchasing an additional 76,191 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Olympic Steel during the fourth quarter worth $35,000. Finally, Wells Fargo & Company MN lifted its position in shares of Olympic Steel by 37.3% during the fourth quarter. Wells Fargo & Company MN now owns 11,110 shares of the basic materials company’s stock worth $475,000 after purchasing an additional 3,020 shares during the last quarter. 87.07% of the stock is currently owned by institutional investors.

Olympic Steel Price Performance

NASDAQ:ZEUS opened at $47.86 on Wednesday. Olympic Steel, Inc. has a twelve month low of $27.11 and a twelve month high of $52.65. The company has a market cap of $535.94 million, a price-to-earnings ratio of 40.91 and a beta of 1.75. The stock has a fifty day simple moving average of $47.86 and a 200-day simple moving average of $46.94. 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 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.