The stock of Steelcase Inc. (NYSE:SCS) is a huge mover today! About 313,051 shares traded hands. Steelcase Inc. (NYSE:SCS) has risen 1.84% since April 18, 2016 and is uptrending. It has underperformed by 2.59% the S&P500.
The move comes after 7 months positive chart setup for the $1.88 billion company. It was reported on Nov, 18 by Barchart.com. We have $21.67 PT which if reached, will make NYSE:SCS worth $714.40 million more.
Steelcase Inc. (NYSE:SCS) Ratings Coverage
Out of 2 analysts covering Steelcase (NYSE:SCS), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Steelcase has been the topic of 3 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Steelcase Inc. (NYSE:SCS) has “Buy” rating given on Tuesday, September 1 by Zacks. The firm earned “Mkt Perform” rating on Wednesday, December 23 by Raymond James. The firm has “Neutral” rating by Seaport Global given on Friday, November 4.
According to Zacks Investment Research, “Steelcase Inc. is a designer and manufacturer of products used to create high-performance work environments. Its product portfolio includes furniture systems, seating, storage, desks, casegoods, interior architectural products, technology products and related products and services. The company reports two geographic furniture segments: North America and International.”
Insitutional Activity: The institutional sentiment increased to 1.3 in 2016 Q2. Its up 0.19, from 1.11 in 2016Q1. The ratio improved, as 25 funds sold all Steelcase Inc. shares owned while 57 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 73.99 million shares or 5.22% less from 78.06 million shares in 2016Q1.
Moreover, Legal And General Group Public Ltd Co has 0% invested in Steelcase Inc. (NYSE:SCS) for 23,433 shares. Aqr Cap Mgmt Ltd Limited Liability Company holds 279,648 shares or 0.01% of its portfolio. Sg Capital Management Ltd Com, a Illinois-based fund reported 22,453 shares. Moreover, Price T Rowe Associates Inc Md has 0% invested in Steelcase Inc. (NYSE:SCS) for 26,859 shares. Moreover, State Of Alaska Department Of Revenue has 0.01% invested in Steelcase Inc. (NYSE:SCS) for 7,060 shares. Ladenburg Thalmann Financial Svcs has 0% invested in the company for 623 shares. Strs Ohio has invested 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Clinton Grp Inc reported 63,276 shares or 0.04% of all its holdings. Highbridge Capital Mgmt Ltd Co has 49,307 shares for 0.01% of their US portfolio. Qs Ltd accumulated 0.02% or 173,000 shares. Mutual Of America Capital Mgmt Limited Liability Company holds 0.03% of its portfolio in Steelcase Inc. (NYSE:SCS) for 93,508 shares. Grp One Trading L P reported 3,544 shares or 0% of all its holdings. Systematic Financial Mngmt Ltd Partnership has 0.02% invested in the company for 126,065 shares. Raymond James & Associates has invested 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Moreover, Rhumbline Advisers has 0% invested in Steelcase Inc. (NYSE:SCS) for 92,722 shares.
More news for Steelcase Inc. (NYSE:SCS) were recently published by: Fool.com, which released: “Why Steelcase, Inc. Stock Popped Today” on September 22, 2016. Fool.com‘s article titled: “Why Steelcase Inc. Shares Got Smoked” and published on December 22, 2015 is yet another important article.
SCS Company Profile
Steelcase Inc., incorporated on March 16, 1912, provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s divisions include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel and freestanding furniture systems, and complementary products, such as storage, tables and ergonomic worktools. The Company’s seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. The Company’s technology solutions support group collaboration by integrating furniture and technology. The Company’s interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. The Company’s family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.
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