Wilen Investment Management Increased Its Orchids Paper (TIS) Holding; Rand Wealth Trimmed Holding in International Business Machs (IBM) as Stock Value Declined

April 18, 2018 - By Ellis Scott

Rand Wealth Llc decreased its stake in International Business Machs (IBM) by 9.02% based on its latest 2017Q4 regulatory filing with the SEC. Rand Wealth Llc sold 2,376 shares as the company’s stock declined 0.39% with the market. The institutional investor held 23,961 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.68M, down from 26,337 at the end of the previous reported quarter. Rand Wealth Llc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $148.23 billion market cap company. The stock increased 1.91% or $3.02 during the last trading session, reaching $160.91. About 10.21 million shares traded or 92.75% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 18, 2017 and is downtrending. It has underperformed by 24.13% 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 $83.87M market cap company. It closed at $7.86 lastly. It is down 65.11% since April 18, 2017 and is downtrending. It has underperformed by 76.66% the S&P500.

Wilen Investment Management Corp, which manages about $240.00 million and $152.89 million US Long portfolio, decreased its stake in Lci Industries by 4,000 shares to 40,361 shares, valued at $5.29 million in 2017Q4, according to the filing. It also reduced its holding in Pitney Bowes (NYSE:PBI) by 39,700 shares in the quarter, leaving it with 72,561 shares, and cut its stake in Supervalu.

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 the shares of TIS in report on Tuesday, October 27 with “Outperform” rating.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 126 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of IBM in report on Monday, January 18 with “Sector Perform” rating. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, August 22. The stock has “Underperform” rating by Credit Suisse on Tuesday, October 18. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, January 15. RBC Capital Markets has “Sector Perform” rating and $145.0 target. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, March 9. Morgan Stanley has “Buy” rating and $198.0 target. The stock of International Business Machines Corporation (NYSE:IBM) has “Underweight” rating given on Tuesday, July 19 by Barclays Capital. The firm has “Neutral” rating given on Tuesday, July 19 by Goldman Sachs. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by Goldman Sachs on Tuesday, April 19. As per Friday, October 16, the company rating was initiated by Cantor Fitzgerald. On Thursday, October 12 the stock rating was maintained by RBC Capital Markets with “Hold”.

Rand Wealth Llc, which manages about $862.40M and $913.97M US Long portfolio, upped its stake in Ishares Tr (IDV) by 14,194 shares to 129,247 shares, valued at $4.37 million in 2017Q4, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (SPY) by 1,483 shares in the quarter, for a total of 8,477 shares, and has risen its stake in Wisdomtree Tr (DON).

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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