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Sg Capital Management Has Cut Olympic Steel (ZEUS) Holding By $1.42 Million; Spectrum Brands Holdings (SPB) Has 1.06 Sentiment

Olympic Steel, Inc. (NASDAQ:ZEUS) Logo

Sg Capital Management Llc decreased Olympic Steel Inc (ZEUS) stake by 72.76% reported in 2017Q4 SEC filing. Sg Capital Management Llc sold 67,786 shares as Olympic Steel Inc (ZEUS)’s stock declined 8.58%. The Sg Capital Management Llc holds 25,376 shares with $545,000 value, down from 93,162 last quarter. Olympic Steel Inc now has $253.35 million valuation. The stock decreased 1.14% or $0.26 during the last trading session, reaching $23.03. About 8,974 shares traded. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 7.71% since May 21, 2017 and is uptrending. It has underperformed by 3.84% the S&P500.

Spectrum Brands Holdings Inc (SPB) investors sentiment increased to 1.06 in 2017 Q4. It’s up 0.26, from 0.8 in 2017Q3. The ratio is more positive, as 118 investment professionals increased or opened new holdings, while 111 sold and trimmed positions in Spectrum Brands Holdings Inc. The investment professionals in our database reported: 27.10 million shares, down from 27.23 million shares in 2017Q3. Also, the number of investment professionals holding Spectrum Brands Holdings Inc in top ten holdings increased from 3 to 6 for an increase of 3. Sold All: 31 Reduced: 80 Increased: 69 New Position: 49.

Another recent and important Olympic Steel, Inc. (NASDAQ:ZEUS) news was published by Seekingalpha.com which published an article titled: “Olympic Steel’s (ZEUS) CEO Michael Siegal on Q1 2018 Results – Earnings Call Transcript” on May 06, 2018.

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. Jefferies maintained it with “Hold” rating and $18.0 target in Wednesday, August 30 report. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Buy” rating by Jefferies on Monday, August 24. As per Wednesday, January 13, the company rating was reinitiated by Jefferies. The firm has “Underweight” rating by KeyBanc Capital Markets given on Friday, August 19. Jefferies maintained it with “Hold” rating and $22.5 target in Monday, March 5 report. Jefferies maintained the shares of ZEUS in report on Tuesday, January 9 with “Hold” rating. Jefferies maintained the stock with “Hold” rating in Tuesday, October 17 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, September 18. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) has “Outperform” rating given on Tuesday, March 14 by Macquarie Research. The rating was maintained by Jefferies on Thursday, July 6 with “Hold”.

Investors sentiment increased to 1.5 in 2017 Q4. Its up 0.55, from 0.95 in 2017Q3. It increased, as 6 investors sold ZEUS shares while 26 reduced holdings. 19 funds opened positions while 29 raised stakes. 7.11 million shares or 0.65% more from 7.06 million shares in 2017Q3 were reported. Teachers Retirement Systems Of The State Of Kentucky invested in 4,000 shares. State Of Tennessee Treasury Department accumulated 0% or 7,263 shares. Citigroup stated it has 5,656 shares. Ameritas Investment Partners holds 846 shares or 0% of its portfolio. 9,316 were reported by Comerica Bank. Franklin Resource Inc holds 163,200 shares or 0% of its portfolio. Tci Wealth Advisors holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 54 shares. Globeflex Ltd Partnership holds 0.04% or 6,135 shares. Moreover, Ancora Advisors has 0.05% invested in Olympic Steel, Inc. (NASDAQ:ZEUS). California State Teachers Retirement owns 14,480 shares for 0% of their portfolio. Shell Asset Mngmt owns 0.01% invested in Olympic Steel, Inc. (NASDAQ:ZEUS) for 34,356 shares. Barclays Pcl reported 1,522 shares. Strs Ohio holds 22,100 shares. Gsa Cap Partners Limited Liability Partnership owns 107,400 shares. Jpmorgan Chase And accumulated 52,120 shares.

Analysts await Olympic Steel, Inc. (NASDAQ:ZEUS) to report earnings on August, 2. They expect $0.90 EPS, up 91.49% or $0.43 from last year’s $0.47 per share. ZEUS’s profit will be $9.90M for 6.40 P/E if the $0.90 EPS becomes a reality. After $0.70 actual EPS reported by Olympic Steel, Inc. for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Sg Capital Management Llc increased Herc Hldgs Inc stake by 251,552 shares to 340,264 valued at $21.30M in 2017Q4. It also upped Verifone Sys Inc (NYSE:PAY) stake by 562,140 shares and now owns 619,407 shares. Mts Sys Corp (NASDAQ:MTSC) was raised too.

Ratings analysis reveals 67% of Spectrum Brands’s analysts are positive. Out of 3 Wall Street analysts rating Spectrum Brands, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $136.74 while the high is $160.0. The stock’s average target of $147.91 is 89.41% above today’s ($78.09) share price. SPB was included in 4 notes of analysts from September 1, 2016. The firm has “Neutral” rating given on Tuesday, January 10 by Bank of America. Jefferies maintained Spectrum Brands Holdings, Inc. (NYSE:SPB) rating on Thursday, October 13. Jefferies has “Buy” rating and $160.0 target. The stock has “Overweight” rating by Piper Jaffray on Thursday, September 1.

Tourbillon Capital Partners L.P. holds 11.66% of its portfolio in Spectrum Brands Holdings, Inc. for 2.80 million shares. Dynamo Internacional Gestao De Recursos Ltda. owns 424,024 shares or 6.92% of their US portfolio. Moreover, Clearline Capital Lp has 6.12% invested in the company for 105,425 shares. The New York-based Newbrook Capital Advisors Lp has invested 5.17% in the stock. Goodhaven Capital Management Llc, a Florida-based fund reported 83,190 shares.

The stock increased 0.62% or $0.48 during the last trading session, reaching $78.09. About 86,737 shares traded. Spectrum Brands Holdings, Inc. (SPB) has declined 35.80% since May 21, 2017 and is downtrending. It has underperformed by 47.35% the S&P500.

More notable recent Spectrum Brands Holdings, Inc. (NYSE:SPB) news were published by: Seekingalpha.com which released: “Spectrum Brand -19% on earnings miss” on April 26, 2018, also Fool.com with their article: “Why Spectrum Brands Holdings, Inc. Plunged 30.5% in April” published on May 11, 2018, Businesswire.com published: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Spectrum Brands Holdings, Inc. Investors (SPB)” on May 11, 2018. More interesting news about Spectrum Brands Holdings, Inc. (NYSE:SPB) were released by: Streetinsider.com and their article: “UPDATE: Spectrum Brands (SPB) Misses Q2 EPS by 45c, Misses on Revenues” published on April 26, 2018 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Spectrum Brands Holdings …” with publication date: May 01, 2018.

Spectrum Brands Holdings, Inc. manufactures, markets, and/or distributes consumer products worldwide. The company has market cap of $4.32 billion. It operates through five divisions: Global Batteries & Appliances, Hardware & Home Improvement, Global Pet Supplies, Home and Garden, and Global Auto Care. It has a 11.67 P/E ratio. The firm offers batteries; battery-powered portable lighting products; small kitchen and home appliances; personal care products; hinges; security, garage door, and window hardware products; floor protection products; residential lockset and door hardware products; commercial door, lock, and hardware products; and plumbing products.

Analysts await Spectrum Brands Holdings, Inc. (NYSE:SPB) to report earnings on July, 26. They expect $1.57 earnings per share, down 8.19% or $0.14 from last year’s $1.71 per share. SPB’s profit will be $86.91M for 12.43 P/E if the $1.57 EPS becomes a reality. After $0.56 actual earnings per share reported by Spectrum Brands Holdings, Inc. for the previous quarter, Wall Street now forecasts 180.36% EPS growth.

Spectrum Brands Holdings, Inc. (NYSE:SPB) Institutional Positions Chart

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