Steelcase Inc. (SCS) Reaches $15.52 After 4.00% Up Move; Stratos Wealth Partners LTD Has Upped Facebook (FB) Position By $1.90 Million

October 12, 2017 - By marketbeat

Stratos Wealth Partners Ltd increased Facebook Inc (FB) stake by 20.26% reported in 2017Q2 SEC filing. Stratos Wealth Partners Ltd acquired 12,698 shares as Facebook Inc (FB)’s stock rose 10.88%. The Stratos Wealth Partners Ltd holds 75,358 shares with $11.38 million value, up from 62,660 last quarter. Facebook Inc now has $502.64 billion valuation. The stock rose 0.19% or $0.33 reaching $173.07 per share. About 3.33M shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since October 12, 2016 and is uptrending. It has outperformed by 10.05% the S&P500.

The stock of Steelcase Inc. (NYSE:SCS) is a huge mover today! About 119,087 shares traded. Steelcase Inc. (NYSE:SCS) has risen 11.15% since October 12, 2016 and is uptrending. It has underperformed by 5.55% the S&P500.The move comes after 8 months positive chart setup for the $1.80B company. It was reported on Oct, 12 by Barchart.com. We have $16.14 PT which if reached, will make NYSE:SCS worth $72.00M more.

Investors sentiment increased to 1.3 in Q2 2017. Its up 0.28, from 1.02 in 2017Q1. It improved, as 23 investors sold Steelcase Inc. shares while 47 reduced holdings. 27 funds opened positions while 64 raised stakes. 72.19 million shares or 4.26% less from 75.40 million shares in 2017Q1 were reported. Moreover, D E Shaw Co Inc has 0.01% invested in Steelcase Inc. (NYSE:SCS). Comerica National Bank & Trust invested in 0.01% or 102,767 shares. Bnp Paribas Arbitrage stated it has 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Fifth Third Financial Bank reported 0.22% in Steelcase Inc. (NYSE:SCS). Paloma Prtnrs Mgmt invested in 0.01% or 55,538 shares. Hbk Invests L P holds 40,100 shares. Northern stated it has 1.30 million shares or 0.01% of all its holdings. Mount Lucas Mgmt L P stated it has 0.12% of its portfolio in Steelcase Inc. (NYSE:SCS). 38,112 were accumulated by Bank Of Montreal Can. First In invested in 0.02% or 1,815 shares. Deutsche Bank & Trust Ag has 741,948 shares for 0.01% of their portfolio. Axa holds 12,100 shares. Tower Rech Cap Ltd Co (Trc) reported 1,420 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt invested 0.01% of its portfolio in Steelcase Inc. (NYSE:SCS). Kbc Grp Nv invested in 98,711 shares.

Steelcase Inc. provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The company has market cap of $1.80 billion. The Company’s divisions include Americas, EMEA and Other Category. It has a 15.31 P/E ratio. The Company’s furniture portfolio includes panel and freestanding furniture systems and complementary products, such as storage, tables and ergonomic worktools.

Among 2 analysts covering Steelcase (NYSE:SCS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Steelcase had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Steelcase Inc. (NYSE:SCS) earned “Hold” rating by Sidoti on Wednesday, September 20. Zacks downgraded the shares of SCS in report on Tuesday, September 1 to “Buy” rating. The firm has “Strong Buy” rating given on Thursday, March 23 by Raymond James. Sidoti upgraded it to “Buy” rating and $16.0 target in Friday, September 1 report. The firm earned “Mkt Perform” rating on Wednesday, December 23 by Raymond James. The stock of Steelcase Inc. (NYSE:SCS) has “Neutral” rating given on Friday, November 4 by Seaport Global. On Friday, June 23 the stock rating was maintained by Raymond James with “Strong-Buy – Outperform”.

Investors sentiment increased to 1.4 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. It improved, as 48 investors sold FB shares while 553 reduced holdings. 159 funds opened positions while 684 raised stakes. 1.62 billion shares or 0.41% less from 1.63 billion shares in 2017Q1 were reported. Marketfield Asset Ltd Liability Company holds 2.07% or 50,834 shares. Adirondack Trust has 5,573 shares for 0.68% of their portfolio. Davenport Ltd Limited Liability Company accumulated 0% or 231,810 shares. Harvest Cap Mngmt Inc invested in 0.14% or 2,300 shares. Shine Advisory Serv holds 0.17% in Facebook Inc (NASDAQ:FB) or 2,184 shares. Sterling Cap Ltd Liability Corp holds 0.06% or 40,733 shares in its portfolio. Advisory stated it has 0.01% in Facebook Inc (NASDAQ:FB). Associated Banc owns 0.86% invested in Facebook Inc (NASDAQ:FB) for 99,992 shares. Canandaigua Savings Bank Com accumulated 7,654 shares. 350,000 were reported by Miura Management Limited Liability Company. Williams Jones Assoc Ltd Liability reported 2.56% of its portfolio in Facebook Inc (NASDAQ:FB). First Advsr Limited Partnership holds 3.32 million shares or 1.34% of its portfolio. Lsv Asset Mngmt has invested 0.01% in Facebook Inc (NASDAQ:FB). Moreover, Novare Cap Management Ltd has 1.4% invested in Facebook Inc (NASDAQ:FB) for 41,286 shares. Wade G W & Inc holds 0.65% of its portfolio in Facebook Inc (NASDAQ:FB) for 33,992 shares.

Stratos Wealth Partners Ltd decreased Vanguard Index Fds (VTV) stake by 56,862 shares to 26,320 valued at $2.54M in 2017Q2. It also reduced Pimco Etf Tr (MINT) stake by 3,241 shares and now owns 25,984 shares. Vanguard Index Fds (VBR) was reduced too.

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