Wellington Shields & Company Raised B&G Foods (BGS) Stake by $356,500 as Market Value Declined; Bank Montreal Que (BMO) Share Price Declined While Hillsdale Investment Management Trimmed Stake by $2.11 Million

February 16, 2018 - By Adrian Mccoy

Wellington Shields & Company increased its stake in B&G Foods Inc. (BGS) by 83.45% based on its latest 2017Q3 regulatory filing with the SEC. Wellington Shields & Company bought 11,500 shares as the company’s stock declined 15.06% while stock markets rallied. The institutional investor held 25,280 shares of the consumer non-durables company at the end of 2017Q3, valued at $805,000, up from 13,780 at the end of the previous reported quarter. Wellington Shields & Company who had been investing in B&G Foods Inc. for a number of months, seems to be bullish on the $2.18B market cap company. The stock increased 0.38% or $0.12 during the last trading session, reaching $32.83. About 638,678 shares traded. B&G Foods, Inc. (NYSE:BGS) has declined 7.13% since February 16, 2017 and is downtrending. It has underperformed by 23.83% the S&P500.

Hillsdale Investment Management Inc decreased its stake in Bank Montreal Que (BMO) by 22.3% based on its latest 2017Q3 regulatory filing with the SEC. Hillsdale Investment Management Inc sold 28,140 shares as the company’s stock declined 10.55% while stock markets rallied. The institutional investor held 98,040 shares of the commercial banks company at the end of 2017Q3, valued at $7.42 million, down from 126,180 at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in Bank Montreal Que for a number of months, seems to be less bullish one the $49.57 billion market cap company. The stock decreased 0.90% or $0.7 during the last trading session, reaching $77.66. About 300,722 shares traded. Bank of Montreal (NYSE:BMO) has risen 10.44% since February 16, 2017 and is uptrending. It has underperformed by 6.26% the S&P500.

Analysts await Bank of Montreal (NYSE:BMO) to report earnings on February, 27. They expect $1.58 earnings per share, down 7.60% or $0.13 from last year’s $1.71 per share. BMO’s profit will be $1.01B for 12.29 P/E if the $1.58 EPS becomes a reality. After $1.55 actual earnings per share reported by Bank of Montreal for the previous quarter, Wall Street now forecasts 1.94% EPS growth.

Among 13 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Bank Of Montreal had 29 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse upgraded Bank of Montreal (NYSE:BMO) on Wednesday, November 23 to “Neutral” rating. The rating was upgraded by TD Securities to “Buy” on Thursday, June 1. As per Wednesday, December 7, the company rating was upgraded by Canaccord Genuity. The stock of Bank of Montreal (NYSE:BMO) has “Hold” rating given on Tuesday, August 29 by Canaccord Genuity. The firm has “Buy” rating by Citigroup given on Thursday, May 18. As per Thursday, May 26, the company rating was downgraded by TD Securities. The rating was downgraded by Canaccord Genuity to “Hold” on Thursday, May 26. As per Tuesday, May 23, the company rating was upgraded by Barclays Capital. The firm has “Underweight” rating given on Wednesday, December 2 by Barclays Capital. The company was downgraded on Tuesday, March 8 by Credit Suisse.

Hillsdale Investment Management Inc, which manages about $1.05B and $593.40M US Long portfolio, upped its stake in Brookfield Renewable Partner Partnership (BEP) by 22,300 shares to 22,480 shares, valued at $753,000 in 2017Q3, according to the filing. It also increased its holding in Thomson Reuters Corp Com (NYSE:TRI) by 10,710 shares in the quarter, for a total of 79,460 shares, and has risen its stake in Sotherly Hotels Inc (NASDAQ:SOHO).

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