What Next for Superior Uniform Group, Inc. (SGC) After Forming Bullish Double Top Pattern?

April 23, 2018 - By Marie Mckinney

Investors sentiment increased to 1.52 in Q4 2017. Its up 0.11, from 1.41 in 2017Q3. It is positive, as 3 investors sold Superior Uniform Group, Inc. shares while 18 reduced holdings. 15 funds opened positions while 17 raised stakes. 4.98 million shares or 4.04% less from 5.19 million shares in 2017Q3 were reported.
24,502 are owned by Martingale Asset Mngmt Ltd Partnership. Wellington Management Llp reported 0% of its portfolio in Superior Uniform Group, Inc. (NASDAQ:SGC). Parallax Volatility Advisers Ltd Partnership holds 1,344 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa stated it has 0% of its portfolio in Superior Uniform Group, Inc. (NASDAQ:SGC). Menta, California-based fund reported 27,406 shares. Schwab Charles Invest Mgmt, California-based fund reported 19,527 shares. Wedge Cap L Lp Nc reported 15,300 shares. Ny State Common Retirement Fund holds 0% in Superior Uniform Group, Inc. (NASDAQ:SGC) or 10,200 shares. Stratos Wealth Prns owns 1,500 shares or 0% of their US portfolio. Ameriprise Fincl stated it has 0% of its portfolio in Superior Uniform Group, Inc. (NASDAQ:SGC). 52,355 are owned by Granite Prtnrs Llc. Crawford Inv Counsel holds 8,042 shares or 0.01% of its portfolio. Legal General Gp Public Ltd Liability Company holds 1,417 shares or 0% of its portfolio. American Gp owns 5,667 shares. Eam Llc reported 26,021 shares stake.

The chart of Superior Uniform Group, Inc. (SGC) shows a double top with $28.09 target or 6.00 % above today’s $26.50 share price. The 5 months chart pattern indicates low risk for the $401.09 million company. It was reported on Apr, 23 by Finviz.com. If the $28.09 price target is reached, the company will be worth $24.07M more. Double tops are rare but powerful chart patterns.

The stock decreased 1.56% or $0.42 during the last trading session, reaching $26.5. About 16,195 shares traded or 1.06% up from the average. Superior Uniform Group, Inc. (NASDAQ:SGC) has risen 55.96% since April 23, 2017 and is uptrending. It has outperformed by 44.41% the S&P500.

Analysts await Superior Uniform Group, Inc. (NASDAQ:SGC) to report earnings on April, 26. They expect $0.26 earnings per share, 0.00 % or $0.00 from last year’s $0.26 per share. SGC’s profit will be $3.94M for 25.48 P/E if the $0.26 EPS becomes a reality. After $0.38 actual earnings per share reported by Superior Uniform Group, Inc. for the previous quarter, Wall Street now forecasts -31.58 % negative EPS growth.

Superior Uniform Group, Inc. (NASDAQ:SGC) Institutional Positions Chart

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