<div id="readability-page-1"><p>Profit Investment Management LLC acquired a new stake in shares of  Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 47,623 shares of the basic materials company's stock, valued at approximately $1,552,000. Profit Investment Management LLC owned 0.43% of Olympic Steel at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Olympic Steel</strong> alerts:</span></p></div><ul><li>Steel Dynamics Stock is Up 9.6% While Its Peers Are Rusting</li></ul><p>Several other institutional investors and hedge funds have also recently modified their holdings of ZEUS. Ameriprise Financial Inc. raised its position in shares of  Olympic Steel by 62.2% during the 4th quarter. Ameriprise Financial Inc. now owns 43,347 shares of the basic materials company's stock valued at $1,422,000 after purchasing an additional 16,624 shares during the period.  Deutsche Bank AG raised its position in shares of  Olympic Steel by 60.7% during the 4th quarter. Deutsche Bank AG now owns 9,984 shares of the basic materials company's stock valued at $328,000 after purchasing an additional 3,770 shares during the period.  Nuveen Asset Management LLC raised its position in shares of  Olympic Steel by 5.7% during the 4th quarter. Nuveen Asset Management LLC now owns 173,490 shares of the basic materials company's stock valued at $5,692,000 after purchasing an additional 9,316 shares during the period.  Man Group plc bought a new stake in shares of  Olympic Steel during the 4th quarter valued at $1,097,000.  Finally, Squarepoint Ops LLC bought a new stake in shares of  Olympic Steel during the 4th quarter valued at $543,000. 87.07% of the stock is currently owned by institutional investors. </p><h2>Olympic Steel Price Performance</h2><p>ZEUS stock opened at $32.29 on Friday. Olympic Steel, Inc. has a 12 month low of $26.32 and a 12 month high of $43.60. The company has a current ratio of 3.07, a quick ratio of 1.18 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $32.78 and a 200 day moving average price of $32.03. The stock has a market cap of $361.58 million, a PE ratio of 26.47 and a beta of 1.77. </p><ul><li>U.S. Steel Stock: Betting on EPS Cut and Merger Uncertainty?</li></ul><p>Olympic Steel (NASDAQ:ZEUS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.09). Olympic Steel had a return on equity of 1.95% and a net margin of 0.77%.The firm had revenue of $496.48 million for the quarter, compared to analysts' expectations of $506.60 million.  Equities research analysts anticipate that  Olympic Steel, Inc. will post 2.69 earnings per share for the current year. </p><h2>Olympic Steel Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.0%. Olympic Steel's payout ratio is currently 52.46%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Could Cleveland-Cliffs be the next steel company to be acquired? </li></ul><p>ZEUS has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Olympic Steel from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Sunday, August 10th. KeyCorp reduced their price target on shares of Olympic Steel from $40.00 to $38.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, August 6th. One analyst  has rated the stock with a Buy rating,  According to data from MarketBeat, the stock currently has a consensus rating of &#34;Buy&#34; and a consensus price target of $38.00.</p><p><b>Check Out Our Latest Analysis on ZEUS</b></p><h2>Olympic Steel Company Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Olympic Steel</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>Caterpillar Stock Hits All-Time High—Is There More Room to Run?</li><li>How to Use High Beta Stocks to Maximize Your Investing Profits</li><li>Berkshire-Backed Lennar Slides After Weak Q3 Earnings</li><li>Why Understanding Call Option Volume is Essential to Successful Options Trading</li><li>Analysts Turn Bullish on Hershey—Is Pepsi the Next Value Play?</li></ul><p><strong>Want to see what other hedge funds are holding ZEUS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olympic Steel, Inc. (NASDAQ:ZEUS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9WkVVUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9WkVVUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Olympic Steel Right Now?</h2><p>Before you consider Olympic Steel, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Olympic Steel wasn't on the list.</p><p>While Olympic Steel currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ZEUS

<p>Profit Investment Management LLC has acquired a new stake in Olympic Steel, Inc. (NASDAQ:ZEUS), purchasing 47,623 shares valued at approximately $1.55 million during the 2nd quarter. This acquisition brings their ownership to 0.43%. Other institutional investors have also increased their holdings in Olympic Steel. The company's stock opened at $32.29, with a 12-month range of $26.32 to $43.60. Olympic Steel recently reported quarterly earnings of $0.50 per share, missing estimates, and declared a quarterly dividend of $0.16 per share.</p>

Profit Investment Management LLC Takes $1.55 Million Position in Olympic Steel, Inc. $ZEUS