O Shaughnessy Asset Management LLC lowered its holdings in shares of Universal Stainless & Alloy Products (NASDAQ:USAP) by 70.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,439 shares of the basic materials company’s stock after selling 5,711 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Universal Stainless & Alloy Products were worth $40,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Universal Stainless & Alloy Products by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 39,767 shares of the basic materials company’s stock valued at $1,014,000 after buying an additional 2,705 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Universal Stainless & Alloy Products by 111.7% during the third quarter. TIAA CREF Investment Management LLC now owns 22,781 shares of the basic materials company’s stock worth $581,000 after acquiring an additional 12,020 shares during the last quarter. Vanguard Group Inc. lifted its position in Universal Stainless & Alloy Products by 7.1% during the third quarter. Vanguard Group Inc. now owns 404,352 shares of the basic materials company’s stock valued at $10,315,000 after purchasing an additional 26,957 shares during the last quarter. Rhumbline Advisers bought a new position in Universal Stainless & Alloy Products during the fourth quarter valued at $186,000. Finally, Minerva Advisors LLC lifted its position in Universal Stainless & Alloy Products by 1.0% during the fourth quarter. Minerva Advisors LLC now owns 385,449 shares of the basic materials company’s stock valued at $6,156,000 after purchasing an additional 3,886 shares during the last quarter. Hedge funds and other institutional investors own 86.35% of the company’s stock.

Shares of USAP stock traded down $0.22 on Wednesday, hitting $14.19. 700 shares of the stock traded hands, compared to its average volume of 43,391. The company has a current ratio of 3.73, a quick ratio of 0.81 and a debt-to-equity ratio of 0.26. The stock has a market cap of $117.55 million, a price-to-earnings ratio of 11.55 and a beta of 1.43. Universal Stainless & Alloy Products has a twelve month low of $12.53 and a twelve month high of $30.91.

Universal Stainless & Alloy Products (NASDAQ:USAP) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.10). Universal Stainless & Alloy Products had a return on equity of 3.93% and a net margin of 3.87%. The business had revenue of $60.27 million for the quarter, compared to analysts’ expectations of $65.41 million. As a group, equities research analysts predict that Universal Stainless & Alloy Products will post 1.27 EPS for the current year.

Several research firms have recently issued reports on USAP. Zacks Investment Research lowered shares of Universal Stainless & Alloy Products from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. ValuEngine downgraded shares of Universal Stainless & Alloy Products from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 11th.

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Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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Institutional Ownership by Quarter for Universal Stainless & Alloy Products (NASDAQ:USAP)

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