Boston Partners Trims Stake in Orchids Paper Products (TIS)

Boston Partners trimmed its holdings in Orchids Paper Products (NYSEAMERICAN:TIS) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 225,099 shares of the basic materials company’s stock after selling 5,978 shares during the period. Boston Partners owned 2.16% of Orchids Paper Products worth $2,881,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Orchids Paper Products by 6.8% during the second quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock worth $131,000 after acquiring an additional 646 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Orchids Paper Products by 4.7% during the second quarter. TIAA CREF Investment Management LLC now owns 24,304 shares of the basic materials company’s stock worth $315,000 after acquiring an additional 1,090 shares during the period. State Street Corp increased its stake in shares of Orchids Paper Products by 6.6% during the second quarter. State Street Corp now owns 221,885 shares of the basic materials company’s stock worth $2,870,000 after acquiring an additional 13,834 shares during the period. NJ State Employees Deferred Compensation Plan increased its stake in shares of Orchids Paper Products by 73.3% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 52,000 shares of the basic materials company’s stock worth $732,000 after acquiring an additional 22,000 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Orchids Paper Products during the second quarter worth about $549,000.

Orchids Paper Products (TIS) opened at $11.19 on Thursday. Orchids Paper Products has a 1 year low of $8.31 and a 1 year high of $30.38. The firm has a market cap of $116.70, a PE ratio of 279.75 and a beta of 1.15.

Several research analysts have weighed in on TIS shares. Zacks Investment Research lowered shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. TheStreet upgraded shares of Orchids Paper Products from a “d+” rating to a “c-” rating in a research report on Thursday, November 30th.

COPYRIGHT VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://weekherald.com/2018/02/15/boston-partners-trims-stake-in-orchids-paper-products-tis.html.

Orchids Paper Products Profile

Orchids Paper Products Company is a supplier of consumer tissue products. The Company produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company offers customers a range of private label products across the value, premium and ultra-premium market segments.

Want to see what other hedge funds are holding TIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orchids Paper Products (NYSEAMERICAN:TIS).

Institutional Ownership by Quarter for Orchids Paper Products (NYSEAMERICAN:TIS)

Receive News & Ratings for Orchids Paper Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orchids Paper Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply