Palisade Asset Management Has Boosted By $2.30 Million Its Intl Business Machines (IBM) Holding; Highway Holdings Limited (HIHO) Shorts Up By 33.33%

November 14, 2017 - By Adrian Erickson

Palisade Asset Management Llc increased Intl Business Machines Corp (IBM) stake by 21.38% reported in 2017Q2 SEC filing. Palisade Asset Management Llc acquired 15,055 shares as Intl Business Machines Corp (IBM)’s stock declined 15.88%. The Palisade Asset Management Llc holds 85,466 shares with $13.15 million value, up from 70,411 last quarter. Intl Business Machines Corp now has $137.79B valuation. The stock rose 0.26% or $0.38 reaching $148.83 per share. About 2.44M shares traded. International Business Machines Corp. (NYSE:IBM) has risen 4.86% since November 14, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Highway Holdings Limited (NASDAQ:HIHO) had an increase of 33.33% in short interest. HIHO’s SI was 800 shares in November as released by FINRA. Its up 33.33% from 600 shares previously. With 3,100 avg volume, 0 days are for Highway Holdings Limited (NASDAQ:HIHO)’s short sellers to cover HIHO’s short positions. The SI to Highway Holdings Limited’s float is 0.04%. About 5,885 shares traded. Highway Holdings Limited (NASDAQ:HIHO) has declined 22.99% since November 14, 2016 and is downtrending. It has underperformed by 39.69% the S&P500.

Highway Holdings Limited is a holding company. The company has market cap of $13.50 million. The Firm makes and supplies various metal, plastic and electric parts, components and products to its original equipment manufacturing clients, which are used by the Company’s clients in the manufacturing of products, such as photocopiers, laser printers, compact disc players, laser disc players, computer equipment, electrical components, electrical connectors, vacuum cleaners, light fixtures, electro motors, pumps, automobiles and dishwasher, and other washing machine components. It has a 23.36 P/E ratio. The Firm operates in two divisions: the metal stamping and mechanical OEM segment, and the electric OEM segment.

Among 30 analysts covering International Business Machines (NYSE:IBM), 9 have Buy rating, 5 Sell and 16 Hold. Therefore 30% are positive. International Business Machines had 108 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, July 19, the company rating was maintained by Morgan Stanley. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, October 12. The stock of International Business Machines Corp. (NYSE:IBM) has “Neutral” rating given on Wednesday, October 18 by Citigroup. The firm has “Neutral” rating by JP Morgan given on Friday, October 2. The stock of International Business Machines Corp. (NYSE:IBM) earned “Hold” rating by Cantor Fitzgerald on Friday, October 16. The stock has “Hold” rating by KeyBanc Capital Markets on Tuesday, August 22. The firm has “Hold” rating by Deutsche Bank given on Wednesday, January 20. The firm has “Buy” rating given on Tuesday, April 19 by Drexel Hamilton. Goldman Sachs maintained the stock with “Neutral” rating in Tuesday, April 19 report. As per Tuesday, April 19, the company rating was maintained by JP Morgan.

Investors sentiment decreased to 0.72 in 2017 Q2. Its down 0.25, from 0.97 in 2017Q1. It dived, as 100 investors sold IBM shares while 695 reduced holdings. 91 funds opened positions while 484 raised stakes. 530.91 million shares or 0.81% less from 535.24 million shares in 2017Q1 were reported. Rothschild Investment Corp Il holds 0.45% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 25,720 shares. Sandhill Partners Limited Liability Co stated it has 3,961 shares or 0.13% of all its holdings. 2,124 are held by Community Gru. Sageworth Tru Co has 0.01% invested in International Business Machines Corp. (NYSE:IBM) for 400 shares. South Dakota Council invested in 0.61% or 186,985 shares. Ingalls & Snyder Limited Com has invested 0.42% in International Business Machines Corp. (NYSE:IBM). Montag A & Assoc holds 0.73% or 42,214 shares in its portfolio. Lee Danner & Bass accumulated 27,991 shares. 5,845 are held by Court Place Advsr Limited Com. Loudon Inv Mngmt Lc holds 1.56% in International Business Machines Corp. (NYSE:IBM) or 13,384 shares. Hemenway Tru Ltd Llc stated it has 0.06% of its portfolio in International Business Machines Corp. (NYSE:IBM). Greylin Inv Mangement has invested 6.73% of its portfolio in International Business Machines Corp. (NYSE:IBM). Estabrook Mngmt stated it has 65,349 shares. Moreover, Bell Financial Bank has 1.98% invested in International Business Machines Corp. (NYSE:IBM). Maine-based Davis R M has invested 0.1% in International Business Machines Corp. (NYSE:IBM).

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