Sit Investment Associates Cut By $1.84 Million Its Scotts Miracle (SMG) Position; Constellium N.V. (CSTM) Had 10 Bulls

May 16, 2018 - By Danny Collins

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Sit Investment Associates Inc decreased Scotts Miracle (SMG) stake by 7.66% reported in 2017Q4 SEC filing. Sit Investment Associates Inc sold 17,335 shares as Scotts Miracle (SMG)’s stock declined 16.58%. The Sit Investment Associates Inc holds 209,100 shares with $22.37 million value, down from 226,435 last quarter. Scotts Miracle now has $4.67B valuation. The stock increased 3.23% or $2.64 during the last trading session, reaching $84.35. About 901,858 shares traded or 45.77% up from the average. The Scotts Miracle-Gro Company (NYSE:SMG) has declined 6.67% since May 16, 2017 and is downtrending. It has underperformed by 18.22% the S&P500.

Among 13 analysts covering Constellium NV (NYSE:CSTM), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Constellium NV had 29 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained Constellium N.V. (NYSE:CSTM) on Tuesday, February 6 with “Overweight” rating. The rating was maintained by Deutsche Bank on Thursday, August 6 with “Buy”. Cowen & Co initiated the shares of CSTM in report on Monday, September 21 with “Market Perform” rating. JP Morgan maintained Constellium N.V. (NYSE:CSTM) rating on Wednesday, March 16. JP Morgan has “Overweight” rating and $12 target. The firm has “Buy” rating given on Friday, February 23 by Cowen & Co. The stock has “Hold” rating by Seaport Global on Friday, February 23. BMO Capital Markets maintained Constellium N.V. (NYSE:CSTM) on Friday, July 28 with “Market Perform” rating. The stock has “Buy” rating by Sterne Agee CRT on Friday, October 2. The firm has “Hold” rating by Cowen & Co given on Thursday, July 27. The stock of Constellium N.V. (NYSE:CSTM) earned “Neutral” rating by Seaport Global on Friday, September 9. See Constellium N.V. (NYSE:CSTM) latest ratings:

27/04/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $13 New Target: $14 Maintain
27/04/2018 Broker: Seaport Global Old Rating: Neutral New Rating: Buy Upgrade
19/04/2018 Broker: Seaport Global Rating: Hold New Target: $14.0000 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Buy New Target: $16 Initiates Coverage On
28/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $14 New Target: $15 Maintain
23/02/2018 Broker: Seaport Global Rating: Hold New Target: $15.0 Maintain
23/02/2018 Broker: Cowen & Co Rating: Buy New Target: $20.0 Maintain
06/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $13 New Target: $14 Maintain
06/02/2018 Broker: Cowen & Co Rating: Buy New Target: $20.0 Maintain
27/11/2017 Broker: Cowen & Co Old Rating: Market Perform New Rating: Outperform Upgrade

More notable recent The Scotts Miracle-Gro Company (NYSE:SMG) news were published by: Globenewswire.com which released: “The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment” on April 30, 2018, also Seekingalpha.com with their article: “Scotts Miracle-Gro: Dividend Stock Analysis” published on May 11, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 15, 2018” on May 15, 2018. More interesting news about The Scotts Miracle-Gro Company (NYSE:SMG) were released by: Investorplace.com and their article: “30 Marijuana Stocks to Buy as the Future Turns Green” published on May 14, 2018 as well as Fool.com‘s news article titled: “Scotts Miracle-Gro Moves Further Into Marijuana With $450 Million Deal” with publication date: April 28, 2018.

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.14, from 0.94 in 2017Q3. It increased, as 35 investors sold SMG shares while 93 reduced holdings. 48 funds opened positions while 90 raised stakes. 35.74 million shares or 6.92% less from 38.40 million shares in 2017Q3 were reported. The Michigan-based Plante Moran Advsrs Lc has invested 0% in The Scotts Miracle-Gro Company (NYSE:SMG). Vanguard holds 0.02% in The Scotts Miracle-Gro Company (NYSE:SMG) or 3.86 million shares. Neuberger Berman Grp owns 815,847 shares. 467 were accumulated by Hanseatic Management Service. Arizona State Retirement invested in 0.03% or 29,431 shares. Metropolitan Life Insurance accumulated 13,595 shares. Huntington National Bank stated it has 0.01% of its portfolio in The Scotts Miracle-Gro Company (NYSE:SMG). Bb&T Secs Ltd Company owns 26,008 shares. Regions has 0.01% invested in The Scotts Miracle-Gro Company (NYSE:SMG) for 8,163 shares. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma holds 0% or 12 shares. Jensen Invest has invested 0.01% of its portfolio in The Scotts Miracle-Gro Company (NYSE:SMG). Gabelli Funds Ltd Limited Liability Company owns 25,000 shares. Jane Street Gp Limited Liability Corp invested in 0% or 9,198 shares. 10,476 are owned by Jefferies Group Inc. Jpmorgan Chase And stated it has 0% of its portfolio in The Scotts Miracle-Gro Company (NYSE:SMG).

Among 7 analysts covering Scotts Miracle-Gro Company (The) (NYSE:SMG), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Scotts Miracle-Gro Company (The) has $120.0 highest and $70 lowest target. $94.40’s average target is 11.91% above currents $84.35 stock price. Scotts Miracle-Gro Company (The) had 16 analyst reports since March 22, 2016 according to SRatingsIntel. J.P. Morgan downgraded the stock to “Hold” rating in Wednesday, November 8 report. On Monday, October 16 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. On Thursday, August 4 the stock rating was upgraded by JP Morgan to “Overweight”. The company was maintained on Wednesday, November 22 by KeyBanc Capital Markets. SunTrust downgraded the shares of SMG in report on Wednesday, January 11 to “Hold” rating. The firm earned “Buy” rating on Thursday, December 8 by Bank of America. On Wednesday, November 8 the stock rating was maintained by Bank of America with “Buy”. The rating was downgraded by Bank of America to “Underperform” on Wednesday, May 2. The firm earned “Hold” rating on Wednesday, January 11 by Suntrust Robinson. As per Tuesday, March 22, the company rating was downgraded by JP Morgan.

Sit Investment Associates Inc increased Salesforce.Com Inc (NYSE:CRM) stake by 7,115 shares to 24,860 valued at $2.54 million in 2017Q4. It also upped General Amern Invs Co Gam (NYSE:GAM) stake by 73,234 shares and now owns 210,265 shares. Invesco Dynamic Cr Opp Fd Vta (VTA) was raised too.

Analysts await The Scotts Miracle-Gro Company (NYSE:SMG) to report earnings on August, 7. They expect $2.68 earnings per share, up 1.90% or $0.05 from last year’s $2.63 per share. SMG’s profit will be $148.38 million for 7.87 P/E if the $2.68 EPS becomes a reality. After $2.88 actual earnings per share reported by The Scotts Miracle-Gro Company for the previous quarter, Wall Street now forecasts -6.94% negative EPS growth.

Since February 2, 2018, it had 1 insider purchase, and 4 insider sales for $5.42 million activity. The insider Hagedorn Partnership – L.P. sold $2.96 million. Another trade for 1,650 shares valued at $130,103 was sold by Johnson Stephen L. The insider HAGEDORN KATHERINE LITTLEFIELD sold 2,892 shares worth $258,834. On Friday, May 4 the insider FINN BRIAN D bought $599,648.

Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company has market cap of $1.58 billion. The firm operates in three divisions: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. It currently has negative earnings. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, and foil stock for the flexible packaging market.

More important recent Constellium N.V. (NYSE:CSTM) news were published by: Globenewswire.com which released: “Constellium posts Annual General Meeting Materials” on April 27, 2018, also Globenewswire.com published article titled: “Constellium Reports First Quarter 2018 Results”, Streetinsider.com published: “Constellium NV (CSTM), Kaiser Aluminum (KALU) Could Be Impacted from Ford F-Series Suspended Production …” on May 10, 2018. More interesting news about Constellium N.V. (NYSE:CSTM) was released by: Seekingalpha.com and their article: “Constellium’s (CSTM) CEO Jean-Marc Germain on Q1 2018 Results – Earnings Call Transcript” with publication date: April 28, 2018.

The stock increased 3.52% or $0.4 during the last trading session, reaching $11.75. About 1.60M shares traded or 36.06% up from the average. Constellium N.V. (NYSE:CSTM) has risen 63.85% since May 16, 2017 and is uptrending. It has outperformed by 52.30% the S&P500.

The Scotts Miracle-Gro Company (NYSE:SMG) Institutional Positions Chart