Universal Stainless & Alloy Products Inc: Ameriprise Financial Inc Makes Purchase

February 15, 2018 - By Nellie Frank

 Universal Stainless & Alloy Products Inc: Ameriprise Financial Inc Makes Purchase

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.03, from 1.44 in 2017Q2. It turned negative, as 4 investors sold Universal Stainless & Alloy Products, Inc. shares while 13 reduced holdings. 7 funds opened positions while 17 raised stakes. 5.70 million shares or 1.40% more from 5.62 million shares in 2017Q2 were reported.

Aegis reported 81,496 shares. Ancora Advsr Ltd Limited Liability Company invested in 98,725 shares or 0.12% of the stock. Renaissance Tech Ltd Liability invested 0% in Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP). Northern Trust holds 0% or 64,395 shares. First Manhattan Commerce holds 0% or 4,105 shares. Vanguard Gp holds 228,710 shares or 0% of its portfolio. Shufro Rose Limited Liability Company holds 14,197 shares or 0.03% of its portfolio. Walthausen Communication Limited Liability Com stated it has 27,950 shares or 0.05% of all its holdings. Federated Invsts Pa reported 0% stake. Acadian Asset Mngmt Limited Liability owns 47,370 shares for 0% of their portfolio. Eam Invsts Ltd Llc, California-based fund reported 28,845 shares. Ameriprise Fin has invested 0% of its portfolio in Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP). Morgan Stanley owns 3,185 shares. Moreover, Thomson Horstmann And Bryant has 0.51% invested in Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) for 178,305 shares. Geode Ltd Limited Liability Company reported 32,845 shares.

The New Ameriprise Financial Inc Holding in Universal Stainless & Alloy Products Inc

Ameriprise Financial Inc reported SC 13G/A form with the SEC for Universal Stainless & Alloy Products Inc. Access it here: 000119312518045329. As reported by Ameriprise Financial Inc, the filler owns 4.78% or 345,767 shares of the Materials–company.

Universal Stainless & Alloy Products Inc stake is new for [reportingPerson]. Date of activity: December31, 2017. This shows Ameriprise Financial Inc’s positive view for Universal Stainless & Alloy Products Inc.

Universal Stainless & Alloy Products Inc Institutional Sentiment

Filings show 47 investors own Universal Stainless & Alloy Products Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 471731. 5891625 were owned by these investors. 6 funds opened new Universal Stainless & Alloy Products Inc stakes, 15 increased positions. There were 11 that closed positions and 14 reduced them.

Fort Pitt Capital Group Inc is an investor bullish on Universal Stainless & Alloy Products Inc, owning 132618 shares as of Q3 2015 for 0.19% of its portfolio. Minerva Advisors Llc owns 81190 shares or 0.61% of its portfolio. NJ Pennant Capital Management Llc have 0.19% of its portfolio for 848219 shares. Further, Elkhorn Partners Limited Partnership reported stake worth 0.16% of its portfolio. The VA Aegis Financial Corp owns 373472 shares. Universal Stainless & Alloy Products Inc is 2.60% of its portfolio.

Business Profile

Universal Stainless & Alloy Products, Inc. manufactures and markets semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. The Company’s manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. The Company also performs conversion services on materials supplied by customers. The Company’s manufacturing locations include Bridgeville and Titusville, Pennsylvania; Dunkirk, New York, and North Jackson, Ohio. The Company produce a range of specialty steel grades using several manufacturing processes, including argon oxygen decarburization (AOD), electro-slag remelted (ESR), vacuum induction melting (VIM) and vacuum-arc remelted (VAR). It manufactures its products within the product lines, including Stainless Steel, High-Strength Low Alloy Steel, Tool Steel and High-Temperature Alloy Steel.

SEC Form 13G.

The stock increased 1.24% or $0.3 during the last trading session, reaching $24.56. About 9,215 shares traded. Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) has risen 53.02% since February 15, 2017 and is uptrending. It has outperformed by 36.32% the S&P500.

Universal Stainless & Alloy Products, Inc., together with its subsidiaries, makes and markets semi-finished and finished specialty steel products in the United States and internationally. The company has market cap of $177.53 million. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. It has a 23.84 P/E ratio. The firm offers semi-finished and finished long products in the forms of ingots, blooms, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers , which are cold rolled from purchased coiled strip, flat bar, or extruded bar.

Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) Ratings Coverage

Among 3 analysts covering Universal Stainless & Alloy Products (NASDAQ:USAP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Universal Stainless & Alloy Products had 5 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 12 by KeyBanc Capital Markets. The rating was upgraded by CL King to “Buy” on Wednesday, January 25. The firm has “Buy” rating given on Wednesday, January 11 by Rosenblatt. The firm earned “Hold” rating on Wednesday, August 5 by Zacks. On Thursday, November 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”.

More notable recent Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) news were published by: Seekingalpha.com which released: “Universal Stainless & Alloy Products Stuck Between The Hammer And The Anvil” on February 16, 2016, also Globenewswire.com with their article: “Universal Stainless Announces Stainless Base Price Increase” published on September 21, 2017, Seekingalpha.com published: “Universal Stainless & Alloy Products’ (USAP) CEO Denny Oates on Q2 2017 …” on July 26, 2017. More interesting news about Universal Stainless & Alloy Products, Inc. (NASDAQ:USAP) were released by: Globenewswire.com and their article: “Universal Stainless Announces Rejection of Unsolicited Offer From Synalloy …” published on June 29, 2017 as well as Seekingalpha.com‘s news article titled: “Universal Stainless & Alloy Products’ (USAP) CEO Denny Oates on Q4 2017 …” with publication date: January 24, 2018.

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