Merrill Lynch, Pierce, Fenner & S recently announced the acquisition of new stake in Sculptor Capital Management Inc. (NYSE:SCU). The institutional investor has increased its shareholding in the Financial company by 7.61% to 0.65 million shares with purchase of 46097.0 shares. This fresh investment now brings its stake to 2.72% valued currently at $5.64 million. In addition, Miller Value Partners LLC raised its holdings by 20000.0 to 0.44 million shares. And Geode Capital Management LLC has lifted its position by 2.23% or 8839.0 shares – to 0.41 million shares.
With over 0.17 million Sculptor Capital Management Inc. (SCU) shares trading Friday and a closing price of $8.85 on the day, the dollar volume was approximately $1.52 million. The shares have shown a negative half year performance of -6.55% and its price on 01/20/23 gained nearly 4.00%. Currently, there are 24.77M common shares owned by the public and among those 15.55M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for SCU have a consensus price objective of $13.50. The analysts have set the share’s price value over the next 12 months at a high of $18.00 and a low of $10.00. The average price target is 21.33% above its recent price level and an upside to the estimated low will see the stock gain 11.5% over that period. But an upside of 50.83% will see the stock hit the forecast high price target while median target price for the stock is $12.50.
Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 49 of these insider trades were purchases, accounting for 2,211,122 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 749,564 shares.
The top 3 mutual fund holders in Sculptor Capital Management Inc. are iShares Russell 2000 ETF, Vanguard Total Stock Market Index, and Miller Income Fund. iShares Russell 2000 ETF owns 0.55 million shares of the company’s stock, all valued at over $4.78 million. The company sold 5734.0 shares recently to bring their total holdings to about 2.31% of the shares outstanding. Miller Income Fund sold 80000.0 shares to bring its total holdings to over 0.36 million shares at a value of $3.14 million. Miller Income Fund now owns shares totaling to 1.52% of the shares outstanding.
Shares of Sculptor Capital Management Inc. (NYSE: SCU) opened at $8.57, up $0.06 from a prior closing price of $8.51. However, the script later moved the day high at 8.85, up 4.00%. The company’s stock has a 5-day price change of 0.80% and -2.53% over the past three months. SCU shares are trading 2.19% year to date (YTD), with the 12-month market performance down to -54.22% lower. It has a 12-month low price of $7.90 and touched a high of $20.02 over the same period. SCU has an average intraday trading volume of 142.70K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.41%, -4.58%, and -10.25% respectively.
Institutional ownership of Sculptor Capital Management Inc. (NYSE: SCU) shares accounts for 42.50% of the company’s 24.77M shares outstanding. Mutual fund holders own 24.94%, while other institutional holders and individual stakeholders account for 55.98% and 19.67% respectively.
It has a market capitalization of $489.32M and a beta (3y monthly) value of 1.70. The earnings-per-share (ttm) stands at -$1.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.07% over the week and 4.82% over the month.
Analysts forecast that Sculptor Capital Management Inc. (SCU) will achieve an EPS of $0.34 for the current quarter, $0.55 for the next quarter and $3.18 for 2023. The lowest estimate earnings-per-share for the quarter is $0.33 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.58 a year ago. Earnings per share for the fiscal year are expected to decrease by -110.10%, and 105.39% over the next financial year. EPS should shrink at an annualized rate of -0.88% over the next five years, compared to 45.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Sculptor Capital Management Inc. (SCU) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SCU, a number of firms have released research notes about the stock. Credit Suisse stated their Outperform rating for the stock in a research note on November 21, 2022, with the firm’s price target at $8.50-$12.50. Credit Suisse coverage for the Sculptor Capital Management Inc. (SCU) stock in a research note released on October 19, 2022 offered a Neutral rating with a price target of $9.50.
