Boston Beer (SAM) Stock Value Declined While Armistice Capital Trimmed Its Position; Heartland Advisors Cut Its Position in Portland General Electric Company (POR) by $1.14 Million

April 17, 2018 - By Winifred Garcia

Portland General Electric Company (NYSE:POR) Logo

Armistice Capital Llc decreased its stake in Boston Beer Inc (SAM) by 8.57% based on its latest 2017Q4 regulatory filing with the SEC. Armistice Capital Llc sold 6,000 shares as the company’s stock declined 2.25% with the market. The institutional investor held 64,000 shares of the consumer non-durables company at the end of 2017Q4, valued at $12.23 million, down from 70,000 at the end of the previous reported quarter. Armistice Capital Llc who had been investing in Boston Beer Inc for a number of months, seems to be less bullish one the $2.58 billion market cap company. The stock increased 3.24% or $6.9 during the last trading session, reaching $219.55. About 195,750 shares traded or 25.36% up from the average. The Boston Beer Company, Inc. (NYSE:SAM) has risen 25.34% since April 17, 2017 and is uptrending. It has outperformed by 13.79% the S&P500.

Heartland Advisors Inc decreased its stake in Portland General Electric Company (POR) by 13.2% based on its latest 2017Q4 regulatory filing with the SEC. Heartland Advisors Inc sold 25,370 shares as the company’s stock declined 12.12% with the market. The institutional investor held 166,766 shares of the central company at the end of 2017Q4, valued at $7.60 million, down from 192,136 at the end of the previous reported quarter. Heartland Advisors Inc who had been investing in Portland General Electric Company for a number of months, seems to be less bullish one the $3.63 billion market cap company. The stock increased 1.19% or $0.48 during the last trading session, reaching $40.7. About 754,413 shares traded. Portland General Electric Company (NYSE:POR) has declined 10.40% since April 17, 2017 and is downtrending. It has underperformed by 21.95% the S&P500.

Since October 31, 2017, it had 0 buys, and 23 selling transactions for $29.91 million activity. Fisher Cheryl also sold $17,569 worth of The Boston Beer Company, Inc. (NYSE:SAM) shares. Grinnell David L. sold $205,000 worth of stock. 439 The Boston Beer Company, Inc. (NYSE:SAM) shares with value of $75,464 were sold by POTTER JONATHAN N.. ROPER MARTIN F also sold $1.89 million worth of The Boston Beer Company, Inc. (NYSE:SAM) shares. HEATH TARA L. sold $12,090 worth of stock. Geist John C sold $1.53M worth of stock.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.28, from 1.15 in 2017Q3. It dived, as 25 investors sold SAM shares while 90 reduced holdings. 44 funds opened positions while 56 raised stakes. 8.44 million shares or 3.57% less from 8.75 million shares in 2017Q3 were reported. Employees Retirement Of Ohio invested 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). North Carolina-based Wedge Mgmt L Lp Nc has invested 0% in The Boston Beer Company, Inc. (NYSE:SAM). Citadel Advsrs holds 0% or 10,472 shares in its portfolio. Ftb Advsr holds 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM) for 19 shares. Pub Employees Retirement Association Of Colorado, Colorado-based fund reported 1,822 shares. New Mexico Educational Retirement Board, a New Mexico-based fund reported 2,200 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems, Pennsylvania-based fund reported 1,265 shares. Tower Rech Cap Limited Liability Corporation (Trc) holds 0.01% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM) for 240 shares. Great Lakes Advsr Ltd Limited Liability Company stated it has 16,916 shares or 0.07% of all its holdings. Systematic Mgmt Limited Partnership holds 0.03% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM) for 8,460 shares. Guggenheim Capital Ltd Company stated it has 0.01% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Apg Asset Nv, Netherlands-based fund reported 9,700 shares. Moreover, Voya Invest has 0% invested in The Boston Beer Company, Inc. (NYSE:SAM). Envestnet Asset Mngmt holds 0% in The Boston Beer Company, Inc. (NYSE:SAM) or 109 shares. Cim Investment Mangement Inc accumulated 2,055 shares or 0.13% of the stock.

Analysts await The Boston Beer Company, Inc. (NYSE:SAM) to report earnings on April, 25 after the close. They expect $0.38 earnings per share, down 15.56% or $0.07 from last year’s $0.45 per share. SAM’s profit will be $4.46M for 144.44 P/E if the $0.38 EPS becomes a reality. After $0.84 actual earnings per share reported by The Boston Beer Company, Inc. for the previous quarter, Wall Street now forecasts -54.76% negative EPS growth.

Among 16 analysts covering Boston Beer Co (NYSE:SAM), 1 have Buy rating, 1 Sell and 14 Hold. Therefore 6% are positive. Boston Beer Co had 60 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies maintained The Boston Beer Company, Inc. (NYSE:SAM) rating on Friday, April 28. Jefferies has “Hold” rating and $129 target. Jefferies maintained the stock with “Hold” rating in Thursday, July 27 report. The firm has “Hold” rating by Jefferies given on Tuesday, September 5. Jefferies maintained The Boston Beer Company, Inc. (NYSE:SAM) rating on Tuesday, May 30. Jefferies has “Hold” rating and $12900 target. Nomura downgraded The Boston Beer Company, Inc. (NYSE:SAM) on Monday, January 11 to “Neutral” rating. The company was downgraded on Friday, October 30 by Credit Agricole. The company was maintained on Friday, April 15 by Jefferies. On Monday, February 5 the stock rating was initiated by BMO Capital Markets with “Hold”. As per Monday, January 9, the company rating was downgraded by William Blair. The stock of The Boston Beer Company, Inc. (NYSE:SAM) earned “Neutral” rating by Citigroup on Monday, April 25.

Armistice Capital Llc, which manages about $1.00 billion US Long portfolio, upped its stake in Bjs Restaurants Inc (NASDAQ:BJRI) by 84,000 shares to 384,000 shares, valued at $13.98 million in 2017Q4, according to the filing. It also increased its holding in Penske Automotive Grp Inc (NYSE:PAG) by 88,000 shares in the quarter, for a total of 212,000 shares, and has risen its stake in Antares Pharma Inc (NASDAQ:ATRS).

Among 11 analysts covering Portland General Electric (NYSE:POR), 2 have Buy rating, 5 Sell and 4 Hold. Therefore 18% are positive. Portland General Electric had 24 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, July 24 the stock rating was downgraded by Williams Capital Group to “Sell”. KeyBanc Capital Markets maintained the shares of POR in report on Thursday, October 12 with “Hold” rating. The rating was maintained by Bank of America on Tuesday, February 20 with “Neutral”. The rating was downgraded by Goldman Sachs on Tuesday, July 28 to “Neutral”. The stock has “Sell” rating by Zacks on Wednesday, August 5. The firm has “Underperform” rating given on Tuesday, November 22 by Bank of America. JP Morgan maintained it with “Neutral” rating and $41 target in Tuesday, March 27 report. Bank of America downgraded the shares of POR in report on Tuesday, March 6 to “Underperform” rating. The firm has “Buy” rating given on Tuesday, September 19 by Ladenburg. The company was downgraded on Wednesday, October 28 by JP Morgan.

Investors sentiment increased to 1.53 in Q4 2017. Its up 0.35, from 1.18 in 2017Q3. It is positive, as 15 investors sold POR shares while 79 reduced holdings. 43 funds opened positions while 101 raised stakes. 80.66 million shares or 1.38% less from 81.79 million shares in 2017Q3 were reported. Blackrock invested in 0.02% or 8.92M shares. Horizon Invest Svcs Ltd Llc invested in 17,789 shares or 0.34% of the stock. Heartland Advsrs invested 0.49% of its portfolio in Portland General Electric Company (NYSE:POR). Bowling Portfolio Management Ltd Company invested in 0.21% or 35,193 shares. Ferguson Wellman Cap Management holds 6,630 shares. Secor Advsr Ltd Partnership reported 0.02% stake. Citigroup Incorporated owns 32,499 shares. Massmutual Communications Fsb Adv has invested 0.01% in Portland General Electric Company (NYSE:POR). Personal Capital Corporation holds 0.14% of its portfolio in Portland General Electric Company (NYSE:POR) for 178,191 shares. Wedge Cap Mngmt L Ltd Partnership Nc holds 0.28% in Portland General Electric Company (NYSE:POR) or 680,903 shares. Ubs Asset Mngmt Americas Incorporated has 0% invested in Portland General Electric Company (NYSE:POR). 22 were accumulated by Gradient Invs Limited Liability Corporation. Globeflex Lp reported 0.13% in Portland General Electric Company (NYSE:POR). Clarivest Asset Ltd Limited Liability Company invested in 67,400 shares or 0.05% of the stock. Tru Of Vermont holds 0.05% in Portland General Electric Company (NYSE:POR) or 11,418 shares.

Since February 21, 2018, it had 0 buys, and 1 insider sale for $25,008 activity.

Heartland Advisors Inc, which manages about $6.06B and $1.55 billion US Long portfolio, upped its stake in Methode Electrs Inc (NYSE:MEI) by 237,170 shares to 352,735 shares, valued at $14.15 million in 2017Q4, according to the filing. It also increased its holding in Powell Inds Inc (NASDAQ:POWL) by 188,080 shares in the quarter, for a total of 567,465 shares, and has risen its stake in Oclaro Inc (NASDAQ:OCLR).

Analysts await Portland General Electric Company (NYSE:POR) to report earnings on April, 27 before the open. They expect $0.69 EPS, down 15.85% or $0.13 from last year’s $0.82 per share. POR’s profit will be $61.56 million for 14.75 P/E if the $0.69 EPS becomes a reality. After $0.67 actual EPS reported by Portland General Electric Company for the previous quarter, Wall Street now forecasts 2.99% EPS growth.

The Boston Beer Company, Inc. (NYSE:SAM) Institutional Positions Chart

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