Sg Capital Management Has Boosted Stake in Olympic Steel (ZEUS) as Share Price Declined; As Rogers (ROG) Share Value Declined, Mycio Wealth Partners Has Raised Its Holding by $2.61 Million

August 10, 2018 - By Alice Reed

Olympic Steel, Inc. (NASDAQ:ZEUS) Logo

Sg Capital Management Llc increased its stake in Olympic Steel Inc (ZEUS) by 263.15% based on its latest 2018Q1 regulatory filing with the SEC. Sg Capital Management Llc bought 66,778 shares as the company’s stock declined 4.25% with the market. The hedge fund held 92,154 shares of the basic industries company at the end of 2018Q1, valued at $1.89M, up from 25,376 at the end of the previous reported quarter. Sg Capital Management Llc who had been investing in Olympic Steel Inc for a number of months, seems to be bullish on the $248.35 million market cap company. The stock decreased 4.53% or $1.07 during the last trading session, reaching $22.56. About 45,516 shares traded. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 32.29% since August 10, 2017 and is uptrending. It has outperformed by 19.72% the S&P500. Some Historical ZEUS News: 03/05/2018 – Olympic Steel 1Q Net $7.63M; 02/04/2018 – OLYMPIC STEEL BUYS BERLIN METALS; 02/04/2018 – OLYMPIC STEEL INC – DEAL EXPECTED TO BE ACCRETIVE TO 2018 EARNINGS; 03/05/2018 – Olympic Steel Declares Dividend of 2c; 03/05/2018 – Olympic Steel 1Q Adj EPS 70c; 16/03/2018 – Olympic Steel May Face Pressure, Industry Slowest in 16 Mos; 22/04/2018 – DJ Olympic Steel Inc, Inst Holders, 1Q 2018 (ZEUS); 02/04/2018 – Olympic Steel Acquires Berlin Metals; 16/05/2018 – DEEP ECO: Olympic Steel May Benefit, Iron and Steel Up in April; 12/03/2018 Olympic Steel Announces Promotion of Thomas Sacco to Regional Vice President

Mycio Wealth Partners Llc increased its stake in Rogers Corp (ROG) by 29.08% based on its latest 2018Q1 regulatory filing with the SEC. Mycio Wealth Partners Llc bought 21,924 shares as the company’s stock declined 26.49% with the market. The institutional investor held 97,308 shares of the major chemicals company at the end of 2018Q1, valued at $11.63 million, up from 75,384 at the end of the previous reported quarter. Mycio Wealth Partners Llc who had been investing in Rogers Corp for a number of months, seems to be bullish on the $2.38B market cap company. The stock increased 0.51% or $0.65 during the last trading session, reaching $129.3. About 56,394 shares traded. Rogers Corporation (NYSE:ROG) has risen 9.12% since August 10, 2017 and is uptrending. It has underperformed by 3.45% the S&P500. Some Historical ROG News: 14/05/2018 – Nan Shan Life Insurance Buys New 1.1% Position in Rogers; 21/03/2018 – ROGERS CORP – ENTERED INTO SIX-MONTH CONSULTING AGREEMENT WITH STIPP TO AID IN CFO TRANSITION; 22/05/2018 – Rogers to Participate in B. Riley FBR Investor Conference; 26/04/2018 – ROGERS SEES 2Q ADJ EPS $1.25 TO $1.40, EST. $1.42; 26/04/2018 – Rogers Corp Sees 2Q EPS $1.10-EPS $1.25; 26/04/2018 – ROGERS 1Q ADJ EPS $1.48, EST. $1.39; 21/03/2018 – ROGERS CORP ROG.N SAYS CFO JANICE E. STIPP TO RETIRE; 26/04/2018 – Rogers Corp Sees 2018 Full Year Effective Tax Rate to be 24-26%; 21/03/2018 – Rogers Corp.: Janice E. Stipp to Retire as Finance Chief, Effective May 16; 26/04/2018 – ROGERS CORP QTRLY NET SALES OF $214.6 MLN, UP 5.3%

Investors sentiment decreased to 1.3 in 2018 Q1. Its down 0.20, from 1.5 in 2017Q4. It worsened, as 10 investors sold ZEUS shares while 30 reduced holdings. 19 funds opened positions while 33 raised stakes. 7.04 million shares or 0.95% less from 7.11 million shares in 2017Q4 were reported. Van Eck Assocs holds 0% or 16,149 shares. United Automobile Association reported 0% stake. Jpmorgan Chase And Com reported 15,720 shares. State Of Alaska Department Of Revenue holds 0% or 2,946 shares in its portfolio. Ellington Management Gru Ltd Liability accumulated 16,400 shares. Schwab Charles Investment Management holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 132,930 shares. Prudential Fincl has 0% invested in Olympic Steel, Inc. (NASDAQ:ZEUS) for 146,931 shares. Price T Rowe Associates Md invested in 16,441 shares. Zacks Invest holds 0.01% in Olympic Steel, Inc. (NASDAQ:ZEUS) or 30,679 shares. Federated Inc Pa has invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). Arizona State Retirement Systems stated it has 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS). Matarin Capital Mgmt Ltd Liability Corp holds 187,570 shares or 0% of its portfolio. Bridgeway Mgmt owns 91,800 shares or 0.02% of their US portfolio. Geode Cap Management Lc holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 83,330 shares. California Employees Retirement has 0% invested in Olympic Steel, Inc. (NASDAQ:ZEUS) for 60,160 shares.

Among 3 analysts covering Olympic Steel Inc (NASDAQ:ZEUS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Olympic Steel Inc had 21 analyst reports since July 22, 2015 according to SRatingsIntel. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, March 14 report. KeyBanc Capital Markets maintained Olympic Steel, Inc. (NASDAQ:ZEUS) on Thursday, October 19 with “Hold” rating. The rating was upgraded by KeyBanc Capital Markets on Monday, January 9 to “Overweight”. The firm earned “Sector Weight” rating on Monday, September 19 by KeyBanc Capital Markets. The rating was maintained by KeyBanc Capital Markets on Monday, September 18 with “Hold”. Jefferies maintained the shares of ZEUS in report on Friday, June 2 with “Hold” rating. The stock has “Hold” rating by Jefferies on Wednesday, August 30. The firm earned “Buy” rating on Monday, August 24 by Jefferies. Jefferies maintained Olympic Steel, Inc. (NASDAQ:ZEUS) rating on Monday, March 5. Jefferies has “Hold” rating and $22.5 target. The rating was maintained by Jefferies on Thursday, July 6 with “Hold”.

Sg Capital Management Llc, which manages about $427.20 million and $521.42M US Long portfolio, decreased its stake in Continental Bldg Prods Inc (NYSE:CBPX) by 87,070 shares to 141,624 shares, valued at $4.04 million in 2018Q1, according to the filing. It also reduced its holding in Nuance Communications Inc (NASDAQ:NUAN) by 96,903 shares in the quarter, leaving it with 790,399 shares, and cut its stake in Mastec Inc (NYSE:MTZ).

More news for Olympic Steel, Inc. (NASDAQ:ZEUS) were recently published by: Streetinsider.com, which released: “Olympic Steel (ZEUS) Tops Q2 EPS by 23c” on August 02, 2018. Seekingalpha.com‘s article titled: “Olympic Steel, Inc. (ZEUS) CEO Michael Siegal on Q2 2018 Results – Earnings Call Transcript” and published on August 05, 2018 is yet another important article.

More news for Rogers Corporation (NYSE:ROG) were recently published by: Streetinsider.com, which released: “Stock investors rediscover defensives before trade war deadlines” on August 09, 2018. Businesswire.com‘s article titled: “Rogers Corporation Reports Second Quarter 2018 Results” and published on July 31, 2018 is yet another important article.

Among 4 analysts covering Rogers Corp (NYSE:ROG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rogers Corp had 16 analyst reports since October 2, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Friday, November 3. The company was maintained on Thursday, March 1 by Needham. The firm has “Buy” rating given on Wednesday, August 2 by Needham. B. Riley & Co upgraded Rogers Corporation (NYSE:ROG) rating on Thursday, March 10. B. Riley & Co has “Buy” rating and $70 target. The rating was maintained by FBR Capital on Friday, December 15 with “Buy”. On Wednesday, April 12 the stock rating was upgraded by Sidoti to “Buy”. The firm has “Buy” rating given on Friday, April 27 by B. Riley & Co. The rating was maintained by B. Riley & Co with “Buy” on Monday, July 31. The firm has “Buy” rating by Needham given on Friday, April 28. Sidoti downgraded Rogers Corporation (NYSE:ROG) on Wednesday, November 16 to “Neutral” rating.

Since February 20, 2018, it had 0 insider purchases, and 7 sales for $2.76 million activity. Knoll Jay B also sold $164,725 worth of Rogers Corporation (NYSE:ROG) shares. On Friday, May 4 Stipp Janice E sold $20,437 worth of Rogers Corporation (NYSE:ROG) or 181 shares. Grudzien Jeffrey M sold $222,837 worth of stock or 1,430 shares. $1.03 million worth of Rogers Corporation (NYSE:ROG) shares were sold by Zhang Helen.

Mycio Wealth Partners Llc, which manages about $6.46 billion and $886.63M US Long portfolio, decreased its stake in Air Prods & Chems Inc (NYSE:APD) by 4,067 shares to 266,202 shares, valued at $42.33M in 2018Q1, according to the filing. It also reduced its holding in Erie Indty Co (NASDAQ:ERIE) by 3,500 shares in the quarter, leaving it with 39,672 shares, and cut its stake in Spdr Series Trust (SDY).

Rogers Corporation (NYSE:ROG) Institutional Positions Chart

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