Sonoco Prods Co (SON) Shareholder Holderness Investments Company Raised Holding by $389,100 as Share Price Declined; Gamestop New (GME) Holder Northern Trust Has Trimmed Holding as Shares Declined

February 14, 2018 - By Nellie Frank

Northern Trust Corp decreased its stake in Gamestop Corp New (GME) by 3.09% based on its latest 2017Q3 regulatory filing with the SEC. Northern Trust Corp sold 28,526 shares as the company’s stock declined 5.28% while stock markets rallied. The institutional investor held 893,651 shares of the electronics distribution company at the end of 2017Q3, valued at $18.46 million, down from 922,177 at the end of the previous reported quarter. Northern Trust Corp who had been investing in Gamestop Corp New for a number of months, seems to be less bullish one the $1.65 billion market cap company. The stock increased 4.24% or $0.66 during the last trading session, reaching $16.24. About 2.32M shares traded. GameStop Corp. (NYSE:GME) has declined 15.17% since February 14, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Holderness Investments Company increased its stake in Sonoco Prods Co (SON) by 90.77% based on its latest 2017Q3 regulatory filing with the SEC. Holderness Investments Company bought 7,782 shares as the company’s stock declined 4.77% while stock markets rallied. The institutional investor held 16,355 shares of the containers and packaging company at the end of 2017Q3, valued at $825,000, up from 8,573 at the end of the previous reported quarter. Holderness Investments Company who had been investing in Sonoco Prods Co for a number of months, seems to be bullish on the $5.04 billion market cap company. The stock increased 0.96% or $0.48 during the last trading session, reaching $50.67. About 187,777 shares traded. Sonoco Products Company (NYSE:SON) has risen 9.55% since February 14, 2017 and is uptrending. It has underperformed by 7.15% the S&P500.

Since September 15, 2017, it had 0 insider buys, and 4 sales for $366,758 activity. $38,531 worth of stock was sold by ARTHUR VICKI B on Friday, October 20. On Thursday, October 26 the insider Saunders Barry L sold $295,754. Thompson Marcy J sold $28,815 worth of Sonoco Products Company (NYSE:SON) on Monday, October 2.

Holderness Investments Company, which manages about $115.47 million and $192.42M US Long portfolio, decreased its stake in Wisdomtree Tr (HEDJ) by 9,911 shares to 17,353 shares, valued at $1.12M in 2017Q3, according to the filing.

Among 13 analysts covering Sonoco Products Company (NYSE:SON), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Sonoco Products Company had 37 analyst reports since August 7, 2015 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and $4800 target in Monday, June 26 report. KeyBanc Capital Markets maintained the shares of SON in report on Wednesday, September 20 with “Hold” rating. The company was initiated on Tuesday, November 10 by Macquarie Research. The stock has “Hold” rating by Vertical Research on Wednesday, August 2. The rating was upgraded by Zacks to “Sell” on Friday, August 7. Vertical Research downgraded the stock to “Sell” rating in Friday, July 22 report. The stock has “Buy” rating by Bank of America on Wednesday, September 6. DA Davidson downgraded the shares of SON in report on Monday, April 11 to “Underperform” rating. The firm has “Hold” rating by Argus Research given on Friday, December 9. Macquarie Research upgraded Sonoco Products Company (NYSE:SON) on Monday, November 23 to “Outperform” rating.

Investors sentiment decreased to 1.19 in 2017 Q3. Its down 0.08, from 1.27 in 2017Q2. It worsened, as 26 investors sold SON shares while 98 reduced holdings. 36 funds opened positions while 112 raised stakes. 69.34 million shares or 1.59% less from 70.45 million shares in 2017Q2 were reported. Brookmont Capital Management has 0.95% invested in Sonoco Products Company (NYSE:SON) for 34,406 shares. Signaturefd Ltd Liability has invested 0.03% in Sonoco Products Company (NYSE:SON). Moreover, Winfield Associates Inc has 0% invested in Sonoco Products Company (NYSE:SON). Jacobus Wealth Mgmt reported 0.18% in Sonoco Products Company (NYSE:SON). Mutual Of America Cap Mgmt Ltd Llc holds 0.07% of its portfolio in Sonoco Products Company (NYSE:SON) for 81,899 shares. Breton Hill Ltd owns 27,629 shares or 0.26% of their US portfolio. Lsv Asset Management has invested 0.04% of its portfolio in Sonoco Products Company (NYSE:SON). Century Cos reported 2.58 million shares or 0.13% of all its holdings. 10.76 million were accumulated by Blackrock. Bank Of Hawaii stated it has 0.06% of its portfolio in Sonoco Products Company (NYSE:SON). 166,500 were reported by Swiss Bancshares. Advantus Capital Inc holds 0.02% or 12,546 shares in its portfolio. Ct Mason holds 61,691 shares or 1.13% of its portfolio. Retail Bank Of New York Mellon accumulated 0.02% or 1.36 million shares. Engineers Gate Manager LP stated it has 0.28% in Sonoco Products Company (NYSE:SON).

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 EPS, down 15.55% or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.60 million for 2.02 P/E if the $2.01 EPS becomes a reality. After $0.54 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22% EPS growth.

Among 20 analysts covering GameStop Corp. (NYSE:GME), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Friday, May 27 by Benchmark. The company was maintained on Thursday, November 3 by Telsey Advisory Group. The stock of GameStop Corp. (NYSE:GME) has “Outperform” rating given on Thursday, May 11 by Telsey Advisory Group. As per Friday, May 26, the company rating was maintained by Robert W. Baird. The firm earned “Buy” rating on Wednesday, August 23 by Robert W. Baird. Benchmark maintained it with “Sell” rating and $17.95 target in Friday, March 24 report. The stock of GameStop Corp. (NYSE:GME) earned “Neutral” rating by Bank of America on Friday, March 24. The firm has “Buy” rating by Loop Capital Markets given on Tuesday, August 22. The firm has “Market Perform” rating given on Wednesday, January 13 by Telsey Advisory Group. The company was maintained on Wednesday, January 13 by Wedbush.

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.11, from 1.18 in 2017Q2. It is negative, as 37 investors sold GME shares while 83 reduced holdings. 35 funds opened positions while 93 raised stakes. 100.21 million shares or 1.31% less from 101.54 million shares in 2017Q2 were reported. Parkside Commercial Bank reported 0% stake. Denali Advisors Ltd Llc accumulated 0.35% or 103,400 shares. Nuveen Asset Ltd Liability Corp has invested 0.05% of its portfolio in GameStop Corp. (NYSE:GME). Raymond James Assoc has invested 0% in GameStop Corp. (NYSE:GME). Capital Fund Mngmt Sa invested 0.02% in GameStop Corp. (NYSE:GME). Natixis invested in 0% or 20,509 shares. 130,659 were accumulated by Retirement Systems Of Alabama. Citigroup accumulated 186,771 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt has 14,772 shares for 0% of their portfolio. New York State Common Retirement Fund accumulated 278,400 shares or 0.01% of the stock. 408,800 are held by Axa. 138,784 were accumulated by Ahl Prns Llp. Cubic Asset Management has 0.23% invested in GameStop Corp. (NYSE:GME). Janney Montgomery Scott Ltd Liability Co owns 33,690 shares or 0.01% of their US portfolio. Weaver C Barksdale & Associates Incorporated reported 2,241 shares or 0.05% of all its holdings.

Northern Trust Corp, which manages about $383.69 billion US Long portfolio, upped its stake in National Grid Plc by 74,311 shares to 672,789 shares, valued at $42.19 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (INDA) by 40,436 shares in the quarter, for a total of 1.99 million shares, and has risen its stake in United Ins Hldgs Corp (NASDAQ:UIHC).

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