Steelcase Inc. (SCS) Trades at $13.88 After Triangle; BLACKSTAR ENTERPRISE GROUP (BEGI) Shorts Down By 25%

Steelcase Inc. (NYSE:SCS) Logo

BLACKSTAR ENTERPRISE GROUP INC (OTCMKTS:BEGI) had a decrease of 25% in short interest. BEGI’s SI was 1,200 shares in April as released by FINRA. Its down 25% from 1,600 shares previously. With 3,200 avg volume, 0 days are for BLACKSTAR ENTERPRISE GROUP INC (OTCMKTS:BEGI)’s short sellers to cover BEGI’s short positions. The SI to BLACKSTAR ENTERPRISE GROUP INC’s float is 0.02%. It closed at $2 lastly. It is down 0.00% since April 23, 2017 and is . It has underperformed by 11.55% the S&P500.

Steelcase Inc. (SCS) formed triangle with $14.43 target or 4.00% above today’s $13.88 share price. Steelcase Inc. (SCS) has $1.62B valuation. The stock decreased 0.18% or $0.025 during the last trading session, reaching $13.875. About 166,067 shares traded. Steelcase Inc. (NYSE:SCS) has declined 19.53% since April 23, 2017 and is downtrending. It has underperformed by 31.08% the S&P500.

Since January 4, 2018, it had 0 insider buys, and 2 selling transactions for $295,486 activity. On Thursday, January 4 the insider WEGE PETER M II sold $201,296.

Analysts await Steelcase Inc. (NYSE:SCS) to report earnings on June, 20. They expect $0.15 EPS, 0.00% or $0.00 from last year’s $0.15 per share. SCS’s profit will be $17.50 million for 23.13 P/E if the $0.15 EPS becomes a reality. After $0.24 actual EPS reported by Steelcase Inc. for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.

Investors sentiment decreased to 1.18 in 2017 Q4. Its down 0.14, from 1.32 in 2017Q3. It is negative, as 23 investors sold Steelcase Inc. shares while 53 reduced holdings. 34 funds opened positions while 56 raised stakes. 70.66 million shares or 0.11% more from 70.58 million shares in 2017Q3 were reported. Susquehanna Intll Gp Limited Liability Partnership has invested 0% in Steelcase Inc. (NYSE:SCS). Vantage Investment Advsr Limited Liability Corp, a Pennsylvania-based fund reported 2,620 shares. Gradient Investments Limited Liability Company holds 0% of its portfolio in Steelcase Inc. (NYSE:SCS) for 359 shares. Glenmede Communications Na invested in 0% or 2,578 shares. Aqr Cap Mgmt Lc owns 698,197 shares or 0.01% of their US portfolio. Citadel Advsrs Ltd Limited Liability Company holds 225,337 shares. Federated Invsts Incorporated Pa invested in 100,465 shares or 0% of the stock. Hotchkis & Wiley Cap Management Ltd Limited Liability Company reported 86,677 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation holds 94,900 shares. Veritable Ltd Partnership owns 44,702 shares or 0.01% of their US portfolio. Voya Management Limited Liability Company has 0% invested in Steelcase Inc. (NYSE:SCS) for 110,571 shares. Macquarie Gru Limited holds 0% or 2,257 shares. Spark Inv Management Limited Liability Company stated it has 0.15% in Steelcase Inc. (NYSE:SCS). Ahl Prtn Ltd Liability Partnership has 0.19% invested in Steelcase Inc. (NYSE:SCS). Public Employees Retirement Systems Of Ohio holds 0% or 12,139 shares.

Among 2 analysts covering Steelcase (NYSE:SCS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Steelcase has $16.0 highest and $16.0 lowest target. $16’s average target is 15.32% above currents $13.875 stock price. Steelcase had 7 analyst reports since September 1, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 1 by Zacks. The company was initiated on Friday, November 4 by Seaport Global. The rating was upgraded by Raymond James to “Strong Buy” on Thursday, March 23. The firm has “Buy” rating given on Friday, September 1 by Sidoti. As per Wednesday, December 23, the company rating was downgraded by Raymond James. Sidoti downgraded the stock to “Hold” rating in Wednesday, September 20 report. On Friday, June 23 the stock rating was maintained by Raymond James with “Strong-Buy – Outperform”.

Steelcase Inc. (NYSE:SCS) Institutional Positions Chart