Thursday, 31 May 2018

Tieton Capital Management Increases Holding in Steelcase (SCS); As Aes (AES) Market Value Rose, Buckhead Capital Management Increased Position by $990,000

The AES Corporation (NYSE:AES) Logo

Buckhead Capital Management Llc increased its stake in Aes Corp (AES) by 29.03% based on its latest 2018Q1 regulatory filing with the SEC. Buckhead Capital Management Llc bought 90,000 shares as the company’s stock rose 18.76% while stock markets declined. The hedge fund held 400,000 shares of the central company at the end of 2018Q1, valued at $4.55 million, up from 310,000 at the end of the previous reported quarter. Buckhead Capital Management Llc who had been investing in Aes Corp for a number of months, seems to be bullish on the $8.38B market cap company. The stock increased 2.10% or $0.26 during the last trading session, reaching $12.67. About 7.86 million shares traded or 13.27% up from the average. The AES Corporation (NYSE:AES) has risen 5.35% since May 31, 2017 and is uptrending. It has underperformed by 7.22% the S&P500.

Tieton Capital Management Llc increased its stake in Steelcase Inc (SCS) by 144.88% based on its latest 2018Q1 regulatory filing with the SEC. Tieton Capital Management Llc bought 165,400 shares as the company’s stock declined 4.73% with the market. The institutional investor held 279,560 shares of the office equipment and supplies and services company at the end of 2018Q1, valued at $3.80 million, up from 114,160 at the end of the previous reported quarter. Tieton Capital Management Llc who had been investing in Steelcase Inc for a number of months, seems to be bullish on the $1.69B market cap company. The stock increased 2.12% or $0.3 during the last trading session, reaching $14.45. About 390,845 shares traded. Steelcase Inc. (NYSE:SCS) has declined 15.57% since May 31, 2017 and is downtrending. It has underperformed by 28.14% the S&P500.

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. Raymond James maintained the stock with “Strong-Buy – Outperform” rating in Friday, June 23 report. The company was upgraded on Friday, September 1 by Sidoti. Raymond James upgraded the shares of SCS in report on Thursday, March 23 to “Strong Buy” rating. Sidoti downgraded it to “Hold” rating and $16.0 target in Wednesday, September 20 report. The rating was downgraded by Raymond James on Wednesday, December 23 to “Mkt Perform”. The stock has “Neutral” rating by Seaport Global on Friday, November 4. Zacks downgraded the stock to “Buy” rating in Tuesday, September 1 report.

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.32, from 1.18 in 2017Q4. It worsened, as 20 investors sold SCS shares while 59 reduced holdings. 24 funds opened positions while 44 raised stakes. 71.53 million shares or 1.23% more from 70.66 million shares in 2017Q4 were reported. Aperio Gp Ltd Liability Corp holds 38,401 shares or 0% of its portfolio. Spark Inv Limited Liability Company holds 124,400 shares or 0.11% of its portfolio. Tiaa Cref Ltd holds 0% of its portfolio in Steelcase Inc. (NYSE:SCS) for 200,084 shares. State Street Corp stated it has 1.88 million shares. Moreover, State Of New Jersey Common Pension Fund D has 0% invested in Steelcase Inc. (NYSE:SCS). Panagora Asset Inc reported 0% of its portfolio in Steelcase Inc. (NYSE:SCS). Prudential Pcl holds 0.1% of its portfolio in Steelcase Inc. (NYSE:SCS) for 2.30M shares. Los Angeles Mgmt Equity Research holds 13,795 shares. Bluemountain Capital Mngmt Ltd Llc holds 76,348 shares or 0.02% of its portfolio. 83 were accumulated by Envestnet Asset. Bancshares Of Mellon holds 0% or 1.20 million shares in its portfolio. 1,660 are owned by Vantage Advsrs Ltd Liability Com. The Massachusetts-based Rhumbline Advisers has invested 0% in Steelcase Inc. (NYSE:SCS). Public Sector Pension Board accumulated 86,600 shares or 0.01% of the stock. Deutsche National Bank Ag holds 209,023 shares or 0% of its portfolio.

Since January 4, 2018, it had 0 insider buys, and 4 selling transactions for $453,842 activity. WEGE PETER M II had sold 13,300 shares worth $201,296 on Thursday, January 4. Niemann Jennifer C sold $48,695 worth of stock.

Another recent and important The AES Corporation (NYSE:AES) news was published by Globenewswire.com which published an article titled: “Market Trends Toward New Normal in The AES, Immune Pharmaceuticals, Hercules Capital, Zendesk, Chevron, and …” on May 07, 2018.

Buckhead Capital Management Llc, which manages about $1.27 billion and $452.80 million US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 3,355 shares to 30,323 shares, valued at $6.66 million in 2018Q1, according to the filing. It also reduced its holding in Blackrock Inc (NYSE:BLK) by 905 shares in the quarter, leaving it with 13,437 shares, and cut its stake in Target Corp (NYSE:TGT).

Investors sentiment increased to 1.26 in 2018 Q1. Its up 0.41, from 0.85 in 2017Q4. It increased, as 30 investors sold AES shares while 137 reduced holdings. 60 funds opened positions while 150 raised stakes. 605.58 million shares or 1.39% more from 597.29 million shares in 2017Q4 were reported. Liberty Mutual Gp Asset accumulated 26,315 shares or 0.01% of the stock. Swiss Bankshares reported 2.11 million shares or 0.03% of all its holdings. Guardian has invested 0.72% in The AES Corporation (NYSE:AES). Mutual Of America Capital Mgmt Limited Liability, New York-based fund reported 136,441 shares. Gamco Invsts Inc Et Al stated it has 855,400 shares. Teacher Retirement Sys Of Texas has invested 0.05% of its portfolio in The AES Corporation (NYSE:AES). Intll Investors invested in 30.38 million shares. Canada Pension Plan Inv Board has 0.02% invested in The AES Corporation (NYSE:AES) for 1.14 million shares. Vident Inv Advisory Ltd Liability Corp has 24,269 shares. Whittier Com Of Nevada invested in 850 shares or 0% of the stock. Pinebridge Lp has invested 0.18% in The AES Corporation (NYSE:AES). American Asset Management holds 0.49% or 49,980 shares. Quantum Cap Mngmt holds 0.35% or 128,373 shares in its portfolio. Brookstone Cap Mngmt invested in 509,697 shares. Utd Services Automobile Association invested in 343,009 shares.

Steelcase Inc. (NYSE:SCS) Institutional Positions Chart

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