Hightower Advisors Has Increased Its Schwab Charles New (SCHW) Position; Marine Products (MPX)’s Sentiment Is 0.68

January 14, 2018 - By Michael Collier

Marine Products Corporation designs, makes, and sells recreational fiberglass powerboats for the sportboat, deckboat, cruiser, sport yacht, jet boat, and sport fishing markets worldwide. The company has market cap of $470.53 million. It provides Chaparral sterndrive pleasure boats, including SSi and SSX sportboats, Sunesta sportdecks, Signature cruisers, SunCoast sportdeck outboards, Vortex Jet Boats, and Robalo outboard sport fishing boats, as well as H2O Sport, and Fish and Ski boats. It has a 24.25 P/E ratio. The firm sells its products to a network of 147 domestic and 90 international independent authorized dealers.

Hightower Advisors Llc increased Schwab Charles Corp New (SCHW) stake by 3.6% reported in 2017Q3 SEC filing. Hightower Advisors Llc acquired 7,890 shares as Schwab Charles Corp New (SCHW)’s stock declined 7.92%. The Hightower Advisors Llc holds 227,150 shares with $9.92 million value, up from 219,260 last quarter. Schwab Charles Corp New now has $74.26 billion valuation. The stock increased 2.25% or $1.22 during the last trading session, reaching $55.39. About 7.52M shares traded or 25.25% up from the average. The Charles Schwab Corporation (NYSE:SCHW) has risen 32.11% since January 14, 2017 and is uptrending. It has outperformed by 15.41% the S&P500.

Since August 2, 2017, it had 0 insider buys, and 18 sales for $48.08 million activity. Shares for $17.69 million were sold by SCHWAB CHARLES R. Murtagh Nigel J sold $361,194 worth of stock or 8,000 shares. Clark Bernard J. also sold $3.31M worth of The Charles Schwab Corporation (NYSE:SCHW) on Wednesday, September 27. The insider Kallsen Terri R sold 1,000 shares worth $44,357. Chandoha Marie A sold $265,179 worth of The Charles Schwab Corporation (NYSE:SCHW) on Wednesday, September 27. Shares for $998,528 were sold by BECHTLE NANCY H.

Among 22 analysts covering Charles Schwab (NYSE:SCHW), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Charles Schwab had 81 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Friday, October 16 with “Buy”. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Buy” rating given on Tuesday, November 22 by Citigroup. The rating was maintained by SunTrust on Thursday, December 14 with “Buy”. The stock has “Buy” rating by Nomura on Monday, July 11. Nomura downgraded the stock to “Hold” rating in Monday, July 24 report. CLSA maintained The Charles Schwab Corporation (NYSE:SCHW) on Thursday, September 22 with “Outperform” rating. The stock of The Charles Schwab Corporation (NYSE:SCHW) has “Overweight” rating given on Thursday, April 14 by JP Morgan. As per Wednesday, January 13, the company rating was downgraded by Bank of America. Deutsche Bank maintained the shares of SCHW in report on Wednesday, October 25 with “Hold” rating. The company was maintained on Friday, September 15 by Jefferies.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.27, from 1.3 in 2017Q2. It worsened, as 41 investors sold SCHW shares while 299 reduced holdings. 75 funds opened positions while 275 raised stakes. 1.04 billion shares or 0.62% less from 1.05 billion shares in 2017Q2 were reported. Odey Asset Gru owns 2,200 shares. Hbk LP owns 18,640 shares for 0.01% of their portfolio. Moreover, Fincl Management Professionals has 0.01% invested in The Charles Schwab Corporation (NYSE:SCHW) for 450 shares. Macquarie Grp Ltd stated it has 3.46 million shares or 0.27% of all its holdings. Louisiana State Employees Retirement invested in 0.15% or 74,400 shares. The Illinois-based Alyeska Investment Gru Limited Partnership has invested 0.13% in The Charles Schwab Corporation (NYSE:SCHW). Aviance Cap Management Limited Liability holds 0.12% or 40,224 shares in its portfolio. Toth Financial Advisory has invested 0.2% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW). 1.78 million are owned by Royal Bancshares Of Canada. First Republic Inv Management Inc invested in 0.14% or 442,341 shares. Shine Advisory Services Inc holds 0.07% of its portfolio in The Charles Schwab Corporation (NYSE:SCHW) for 3,287 shares. Montana-based First Interstate Bancorporation has invested 0.01% in The Charles Schwab Corporation (NYSE:SCHW). Lloyds Group Public Limited Com owns 4,103 shares or 1.79% of their US portfolio. Moreover, Greatmark Partners Inc has 0.12% invested in The Charles Schwab Corporation (NYSE:SCHW). Ahl Prtn Llp holds 173,039 shares or 0.14% of its portfolio.

Hightower Advisors Llc decreased Dr Pepper Snapple Group Inc (NYSE:DPS) stake by 8,750 shares to 14,217 valued at $1.26 million in 2017Q3. It also reduced Alibaba Group Hldg Ltd (NYSE:BABA) stake by 20,044 shares and now owns 196,106 shares. Ishares Tr (EFAV) was reduced too.

Analysts await Marine Products Corporation (NYSE:MPX) to report earnings on January, 24. They expect $0.16 EPS, up 60.00% or $0.06 from last year’s $0.1 per share. MPX’s profit will be $5.56M for 21.14 P/E if the $0.16 EPS becomes a reality. After $0.13 actual EPS reported by Marine Products Corporation for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

Teton Advisors Inc. holds 1.21% of its portfolio in Marine Products Corporation for 812,400 shares. Hillsdale Investment Management Inc. owns 65,794 shares or 0.18% of their US portfolio. Moreover, Gamco Investors Inc. Et Al has 0.11% invested in the company for 1.07 million shares. The Michigan-based Seizert Capital Partners Llc has invested 0.08% in the stock. Gabelli Funds Llc, a New York-based fund reported 285,766 shares.

The stock decreased 1.02% or $0.14 during the last trading session, reaching $13.53. About 21,243 shares traded. Marine Products Corporation (MPX) has risen 59.03% since January 14, 2017 and is uptrending. It has outperformed by 42.33% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>