Voya Investment Management LLC Has $266,000 Stock Holdings in Steelcase Inc. $SCS

Voya Investment Management LLC reduced its position in Steelcase Inc. (NYSE:SCS) by 76.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,478 shares of the business services provider’s stock after selling 51,559 shares during the period. Voya Investment Management LLC’s holdings in Steelcase were worth $266,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SCS. GAMMA Investing LLC increased its position in Steelcase by 222.0% in the third quarter. GAMMA Investing LLC now owns 1,639 shares of the business services provider’s stock worth $28,000 after purchasing an additional 1,130 shares during the period. Osaic Holdings Inc. grew its position in shares of Steelcase by 918.8% during the 2nd quarter. Osaic Holdings Inc. now owns 10,789 shares of the business services provider’s stock worth $113,000 after buying an additional 9,730 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Steelcase by 744.9% during the second quarter. Tower Research Capital LLC TRC now owns 16,704 shares of the business services provider’s stock worth $174,000 after buying an additional 14,727 shares during the last quarter. Vident Advisory LLC acquired a new position in Steelcase in the second quarter valued at approximately $452,000. Finally, Lazard Asset Management LLC boosted its stake in Steelcase by 11.4% in the second quarter. Lazard Asset Management LLC now owns 297,044 shares of the business services provider’s stock valued at $3,097,000 after acquiring an additional 30,404 shares during the last quarter. Institutional investors and hedge funds own 92.42% of the company’s stock.

Steelcase Trading Down 0.1%

Shares of NYSE SCS opened at $16.11 on Tuesday. Steelcase Inc. has a twelve month low of $9.31 and a twelve month high of $17.40. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of 1.47 and a beta of 1.26. The company has a quick ratio of 1.18, a current ratio of 1.66 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $16.04 and its 200-day moving average is $15.12.

Steelcase (NYSE:SCS) last released its quarterly earnings data on Friday, June 2nd. The business services provider reported $0.23 EPS for the quarter. The business had revenue of $724.80 million during the quarter. Steelcase had a net margin of 2.92% and a return on equity of 13.00%. Equities research analysts predict that Steelcase Inc. will post 1 EPS for the current year.

Wall Street Analyst Weigh In

SCS has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Steelcase in a research report on Friday, October 31st. Zacks Research downgraded Steelcase from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Steelcase

Steelcase, Inc is a global leader in the design and manufacture of workspace furniture and architectural solutions. The company develops a wide range of products including adjustable desks, ergonomic seating, collaborative furniture, movable walls, and integrated technology offerings aimed at enhancing productivity and well-being in office, education, and healthcare environments. Steelcase combines research on human behavior, work patterns, and technology trends to inform the development of its solutions, positioning itself as a partner for organizations seeking to optimize their physical spaces.

Through its portfolio of brands—such as Steelcase, Coalesse, and Steelcase Education—the company addresses the needs of corporate clients, learning institutions, and healthcare providers.