Avantax Advisory Services Inc. Has $785,000 Stock Holdings in Steelcase Inc. (NYSE:SCS)

Avantax Advisory Services Inc. cut its holdings in shares of Steelcase Inc. (NYSE:SCS - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,426 shares of the business services provider's stock after selling 22,857 shares during the period. Avantax Advisory Services Inc. owned about 0.06% of Steelcase worth $785,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Steelcase during the 3rd quarter valued at approximately $6,167,000. BNP Paribas Financial Markets lifted its holdings in shares of Steelcase by 322.3% during the third quarter. BNP Paribas Financial Markets now owns 572,269 shares of the business services provider's stock worth $7,720,000 after purchasing an additional 436,754 shares during the period. Fifth Third Bancorp grew its stake in shares of Steelcase by 7.4% in the fourth quarter. Fifth Third Bancorp now owns 3,579,117 shares of the business services provider's stock worth $42,305,000 after purchasing an additional 245,981 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Steelcase in the third quarter valued at $2,273,000. Finally, Pzena Investment Management LLC raised its position in shares of Steelcase by 2.6% during the fourth quarter. Pzena Investment Management LLC now owns 5,373,342 shares of the business services provider's stock worth $63,513,000 after acquiring an additional 133,893 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company's stock.

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Insider Transactions at Steelcase

In related news, VP Robert G. Krestakos sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total transaction of $58,700.00. Following the completion of the sale, the vice president now owns 114,481 shares of the company's stock, valued at $1,344,006.94. This trade represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 12.96% of the company's stock.

Steelcase Trading Up 2.7 %

Shares of SCS traded up $0.29 during trading hours on Monday, hitting $10.86. 685,380 shares of the stock were exchanged, compared to its average volume of 611,424. Steelcase Inc. has a fifty-two week low of $10.51 and a fifty-two week high of $14.74. The business has a 50-day moving average of $11.65 and a 200-day moving average of $12.42. The firm has a market capitalization of $1.24 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.57 and a quick ratio of 1.21.

Steelcase Profile

Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally. It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens.