Beacon Financial Group Lowered Its General Motors Company (GM) Position by $471,680 as Share Price Declined; Orchids Paper (TIS) Stock Price Declined While Wilen Investment Management Lifted Holding

May 20, 2018 - By Marie Mckinney

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Beacon Financial Group decreased its stake in General Motors Company (GM) by 64.49% based on its latest 2017Q4 regulatory filing with the SEC. Beacon Financial Group sold 11,792 shares as the company’s stock declined 17.02% with the market. The institutional investor held 6,492 shares of the auto manufacturing company at the end of 2017Q4, valued at $266,000, down from 18,284 at the end of the previous reported quarter. Beacon Financial Group who had been investing in General Motors Company for a number of months, seems to be less bullish one the $53.26B market cap company. The stock decreased 1.33% or $0.51 during the last trading session, reaching $37.79. About 5.58 million shares traded. General Motors Company (NYSE:GM) has risen 0.46% since May 20, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Wilen Investment Management Corp increased its stake in Orchids Paper (TIS) by 236.38% based on its latest 2017Q4 regulatory filing with the SEC. Wilen Investment Management Corp bought 75,636 shares as the company’s stock declined 29.94% with the market. The institutional investor held 107,634 shares of the paper company at the end of 2017Q4, valued at $1.35 million, up from 31,998 at the end of the previous reported quarter. Wilen Investment Management Corp who had been investing in Orchids Paper for a number of months, seems to be bullish on the $65.30M market cap company. The stock increased 10.87% or $0.6 during the last trading session, reaching $6.12. About 113,359 shares traded or 4.13% up from the average. Orchids Paper Products Company (NYSEMKT:TIS) has declined 65.11% since May 20, 2017 and is downtrending. It has underperformed by 76.66% the S&P500.

Among 2 analysts covering Orchids Paper Products Co (NYSEMKT:TIS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Orchids Paper Products Co had 4 analyst reports since October 15, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Outperform” rating and $33.0 target in Tuesday, October 27 report.

Wilen Investment Management Corp, which manages about $240.00M and $152.89M US Long portfolio, decreased its stake in Chase Corp. (NYSEMKT:CCF) by 15,264 shares to 120,660 shares, valued at $14.48 million in 2017Q4, according to the filing. It also reduced its holding in Delta Apparel (NYSEMKT:DLA) by 27,023 shares in the quarter, leaving it with 660,225 shares, and cut its stake in Huntsman Corp. (NYSE:HUN).

Among 29 analysts covering General Motors Company (NYSE:GM), 17 have Buy rating, 3 Sell and 9 Hold. Therefore 59% are positive. General Motors Company had 94 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Friday, September 18 by S&P Research. The firm earned “Hold” rating on Sunday, March 4 by BMO Capital Markets. Piper Jaffray maintained the stock with “Buy” rating in Monday, September 11 report. Morgan Stanley downgraded the shares of GM in report on Wednesday, October 25 to “Equal-Weight” rating. The stock has “Hold” rating by Craig Hallum on Wednesday, October 25. The rating was maintained by Barclays Capital with “Equalweight” on Monday, January 25. Nomura maintained the shares of GM in report on Thursday, February 8 with “Neutral” rating. The firm has “Buy” rating by Piper Jaffray given on Tuesday, February 6. The firm has “Overweight” rating given on Thursday, September 21 by Morgan Stanley. Barclays Capital upgraded the stock to “Overweight” rating in Friday, October 13 report.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.82 EPS, down 3.70% or $0.07 from last year’s $1.89 per share. GM’s profit will be $2.57B for 5.19 P/E if the $1.82 EPS becomes a reality. After $1.43 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Investors sentiment increased to 0.9 in 2017 Q4. Its up 0.03, from 0.87 in 2017Q3. It improved, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. E&G Advsr Ltd Partnership stated it has 0.65% of its portfolio in General Motors Company (NYSE:GM). Fjarde Ap holds 0.23% of its portfolio in General Motors Company (NYSE:GM) for 373,545 shares. Hoertkorn Richard Charles holds 0.08% or 3,300 shares in its portfolio. Peoples Fin Corporation reported 0% stake. Nomura Asset Management reported 449,257 shares. Manchester Mgmt Limited Liability has invested 0.06% in General Motors Company (NYSE:GM). Shelton Capital Management owns 10,151 shares. Prudential Plc reported 0.67% of its portfolio in General Motors Company (NYSE:GM). Meiji Yasuda Asset Management Limited has invested 0.15% in General Motors Company (NYSE:GM). Aperio Gp Limited Liability Co invested 0.24% in General Motors Company (NYSE:GM). Edgar Lomax Co Va holds 0.68% or 241,274 shares in its portfolio. Nippon Life Global Investors Americas has invested 0.42% of its portfolio in General Motors Company (NYSE:GM). Paradigm Asset Mgmt Co Limited Liability has 1,150 shares for 0.01% of their portfolio. Riverhead Limited Liability Company holds 0.24% in General Motors Company (NYSE:GM) or 140,574 shares. New Mexico Educational Retirement Board stated it has 126,100 shares.

More notable recent General Motors Company (NYSE:GM) news were published by: Bizjournals.com which released: “GM restores 700 jobs in Spring Hill” on April 25, 2018, also 247Wallst.com with their article: “Pickup Truck Fuel-Economy Battle Heats Up” published on May 18, 2018, 247Wallst.com published: “What to Look For When GM Reports Earnings Thursday Morning” on April 25, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Globenewswire.com and their article: “General Motors (GM) Recognizes Lydall for Performance, Quality, and Innovation” published on May 07, 2018 as well as Nasdaq.com‘s news article titled: “Will GM Korea Turn a Profit in 2019?” with publication date: May 15, 2018.

Beacon Financial Group, which manages about $574.22M US Long portfolio, upped its stake in Cvs Caremark Corporation (NYSE:CVS) by 62,765 shares to 126,945 shares, valued at $9.20 million in 2017Q4, according to the filing. It also increased its holding in Wisdomtree Tr (DON) by 136,810 shares in the quarter, for a total of 202,599 shares, and has risen its stake in Wisdomtree Tr (DES).

General Motors Company (NYSE:GM) Institutional Positions Chart

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