Thornburg Investment Management Lowered Invesco Mortgage Capital (IVR) Stake; Olympic Steel (ZEUS) Shorts Down By 16.49%

February 15, 2018 - By Migdalia James

Thornburg Investment Management Inc decreased Invesco Mortgage Capital (IVR) stake by 99.9% reported in 2017Q3 SEC filing. Thornburg Investment Management Inc sold 3.86 million shares as Invesco Mortgage Capital (IVR)’s stock rose 1.35%. The Thornburg Investment Management Inc holds 3,717 shares with $64,000 value, down from 3.86 million last quarter. Invesco Mortgage Capital now has $1.83B valuation. The stock increased 2.41% or $0.38 during the last trading session, reaching $16.17. About 789,461 shares traded. Invesco Mortgage Capital Inc. (NYSE:IVR) has risen 12.52% since February 15, 2017 and is uptrending. It has underperformed by 4.18% the S&P500.

Olympic Steel Incorporated (NASDAQ:ZEUS) had a decrease of 16.49% in short interest. ZEUS’s SI was 180,300 shares in February as released by FINRA. Its down 16.49% from 215,900 shares previously. With 91,900 avg volume, 2 days are for Olympic Steel Incorporated (NASDAQ:ZEUS)’s short sellers to cover ZEUS’s short positions. The SI to Olympic Steel Incorporated’s float is 1.98%. The stock decreased 0.46% or $0.11 during the last trading session, reaching $23.69. About 34,430 shares traded. Olympic Steel, Inc. (NASDAQ:ZEUS) has declined 22.41% since February 15, 2017 and is downtrending. It has underperformed by 39.11% the S&P500.

Thornburg Investment Management Inc increased Apollo Global Management (NYSE:APO) stake by 17,490 shares to 1.00 million valued at $30.22M in 2017Q3. It also upped Rio Tinto Plc (NYSE:RIO) stake by 72,964 shares and now owns 396,408 shares. Adr was raised too.

Investors sentiment increased to 1.69 in 2017 Q3. Its up 0.04, from 1.65 in 2017Q2. It is positive, as 14 investors sold IVR shares while 44 reduced holdings. 33 funds opened positions while 65 raised stakes. 66.50 million shares or 0.33% more from 66.29 million shares in 2017Q2 were reported. Sei owns 91,247 shares. Creative Planning reported 51,845 shares or 0% of all its holdings. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Invesco Mortgage Capital Inc. (NYSE:IVR) for 14,311 shares. Patten Group Inc stated it has 2 shares. Raymond James Fin Inc holds 0% or 16,831 shares in its portfolio. Commercial Bank Of New York Mellon stated it has 0% of its portfolio in Invesco Mortgage Capital Inc. (NYSE:IVR). Assetmark owns 4,809 shares or 0% of their US portfolio. Old Mutual Glob Investors (Uk) Limited has 0.02% invested in Invesco Mortgage Capital Inc. (NYSE:IVR) for 111,533 shares. Goldman Sachs Grp Inc holds 0% or 785,275 shares. Wellington Gp Llp owns 0% invested in Invesco Mortgage Capital Inc. (NYSE:IVR) for 182,475 shares. Hillsdale Invest Mngmt invested in 29,500 shares or 0.09% of the stock. Edge Wealth Lc holds 1,000 shares. Invesco Limited holds 0% of its portfolio in Invesco Mortgage Capital Inc. (NYSE:IVR) for 156,761 shares. Lsv Asset Mngmt holds 0.01% or 413,200 shares in its portfolio. Glob Endowment Mngmt LP holds 0.05% in Invesco Mortgage Capital Inc. (NYSE:IVR) or 20,000 shares.

Among 9 analysts covering INVESCO MORTGAGE CAPITAL INC (NYSE:IVR), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. INVESCO MORTGAGE CAPITAL INC had 26 analyst reports since August 11, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Buy” rating and $18.2500 target in Tuesday, August 8 report. The rating was downgraded by Wells Fargo to “Market Perform” on Monday, April 11. The firm has “Outperform” rating by Wood given on Wednesday, August 19. The firm has “Neutral” rating by Credit Suisse given on Thursday, January 25. Wells Fargo upgraded the stock to “Market Perform” rating in Wednesday, May 11 report. Keefe Bruyette & Woods upgraded the stock to “Buy” rating in Monday, July 17 report. The firm has “Buy” rating given on Tuesday, September 12 by Keefe Bruyette & Woods. The stock of Invesco Mortgage Capital Inc. (NYSE:IVR) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, June 28. The company was downgraded on Monday, January 18 by Wells Fargo. The rating was upgraded by Wood to “Outperform” on Monday, July 17.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.07, from 1.02 in 2017Q2. It dropped, as 13 investors sold Olympic Steel, Inc. shares while 30 reduced holdings. 11 funds opened positions while 30 raised stakes. 7.06 million shares or 2.09% less from 7.21 million shares in 2017Q2 were reported. Utd Services Automobile Association holds 27,300 shares or 0% of its portfolio. Bancorp Of America De invested in 10,754 shares or 0% of the stock. 100 are held by Kistler. Amer Group invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). Goldman Sachs Gru stated it has 39,268 shares or 0% of all its holdings. Art Advisors Ltd Liability Com has 18,516 shares. Ls Invest Advsr Ltd Llc accumulated 0% or 293 shares. Price T Rowe Assocs Incorporated Md has invested 0% in Olympic Steel, Inc. (NASDAQ:ZEUS). Moreover, Prelude Cap Mngmt Limited Liability Company has 0.01% invested in Olympic Steel, Inc. (NASDAQ:ZEUS). Barclays Public Ltd, a United Kingdom-based fund reported 5,754 shares. State Street holds 0% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 234,282 shares. Moreover, Blackrock has 0% invested in Olympic Steel, Inc. (NASDAQ:ZEUS). 122,268 were reported by D E Shaw &. Ameritas Inv Prtn holds 0% or 846 shares. Deutsche Bankshares Ag holds 0% or 30,031 shares in its portfolio.

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 20 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Sector Weight” rating on Monday, September 19 by KeyBanc Capital Markets. KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating in Monday, September 21 report. The rating was downgraded by Jefferies on Monday, March 21 to “Hold”. As per Monday, September 18, the company rating was maintained by KeyBanc Capital Markets. Macquarie Research downgraded Olympic Steel, Inc. (NASDAQ:ZEUS) on Tuesday, November 8 to “Neutral” rating. The stock of Olympic Steel, Inc. (NASDAQ:ZEUS) earned “Hold” rating by Jefferies on Friday, June 2. Jefferies maintained Olympic Steel, Inc. (NASDAQ:ZEUS) on Thursday, July 6 with “Hold” rating. On Monday, January 9 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. Jefferies maintained the shares of ZEUS in report on Tuesday, January 9 with “Hold” rating. Jefferies maintained the shares of ZEUS in report on Wednesday, October 4 with “Hold” rating.

Olympic Steel, Inc. processes and distributes metal products in the United States and internationally. The company has market cap of $259.92 million. It operates in three divisions: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products. It has a 21.21 P/E ratio. The Carbon Flat Products segment sells and distributes processed carbon and coated flat-rolled sheets, coil and plate products, and fabricated parts.

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