Hillsdale Investment Management Has Decreased Its Stake in Progressive Ohio (PGR) by $453,550 as Stock Value Rose; Balasa Dinverno & Foltz Holding In Gamestop Corp. (GME) Was Raised

February 15, 2018 - By Peter Mason

Hillsdale Investment Management Inc decreased its stake in Progressive Corp Ohio (PGR) by 97.67% based on its latest 2017Q3 regulatory filing with the SEC. Hillsdale Investment Management Inc sold 9,650 shares as the company’s stock rose 6.56% with the market. The institutional investor held 230 shares of the property-casualty insurers company at the end of 2017Q3, valued at $11,000, down from 9,880 at the end of the previous reported quarter. Hillsdale Investment Management Inc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $32.94 billion market cap company. The stock increased 0.58% or $0.33 during the last trading session, reaching $56.62. About 703,478 shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 15, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Balasa Dinverno & Foltz Llc increased its stake in Gamestop Corp. (GME) by 112.12% based on its latest 2017Q3 regulatory filing with the SEC. Balasa Dinverno & Foltz Llc bought 19,921 shares as the company’s stock declined 5.28% while stock markets rallied. The institutional investor held 37,689 shares of the electronics distribution company at the end of 2017Q3, valued at $779,000, up from 17,768 at the end of the previous reported quarter. Balasa Dinverno & Foltz Llc who had been investing in Gamestop Corp. for a number of months, seems to be bullish on the $1.65 billion market cap company. The stock increased 0.41% or $0.07 during the last trading session, reaching $16.29. About 406,353 shares traded. GameStop Corp. (NYSE:GME) has declined 15.17% since February 15, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Among 19 analysts covering Progressive (NYSE:PGR), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Progressive had 56 analyst reports since August 6, 2015 according to SRatingsIntel. Bernstein downgraded The Progressive Corporation (NYSE:PGR) on Tuesday, January 19 to “Market Perform” rating. The rating was maintained by UBS with “Buy” on Thursday, January 25. The rating was maintained by Keefe Bruyette & Woods on Wednesday, November 15 with “Buy”. Citigroup downgraded The Progressive Corporation (NYSE:PGR) on Tuesday, December 1 to “Neutral” rating. JMP Securities initiated The Progressive Corporation (NYSE:PGR) on Wednesday, September 16 with “Market Outperform” rating. Citigroup maintained the stock with “Neutral” rating in Wednesday, October 18 report. Wells Fargo maintained The Progressive Corporation (NYSE:PGR) rating on Tuesday, July 18. Wells Fargo has “Hold” rating and $4500 target. The rating was maintained by Barclays Capital on Friday, August 11 with “Underweight”. The firm has “Hold” rating by Wells Fargo given on Friday, May 5. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Keefe Bruyette & Woods on Monday, December 4.

Since August 17, 2017, it had 0 buys, and 3 selling transactions for $788,383 activity. On Wednesday, October 18 the insider BASCH JEFFREY W sold $434,070. On Friday, October 20 Charney M Jeffrey sold $293,400 worth of The Progressive Corporation (NYSE:PGR) or 6,000 shares. The insider Broz Steven sold 1,250 shares worth $60,913. Sauerland John P also sold $2.43M worth of The Progressive Corporation (NYSE:PGR) shares.

Hillsdale Investment Management Inc, which manages about $1.05 billion and $593.40 million US Long portfolio, upped its stake in Taseko Mines Ltd (NYSEMKT:TGB) by 2.91 million shares to 3.72 million shares, valued at $6.98M in 2017Q3, according to the filing. It also increased its holding in Jpmorgan Chase & Co Alerian Ml Etn (AMJ) by 12,600 shares in the quarter, for a total of 28,500 shares, and has risen its stake in Cys Investments Inc (NYSE:CYS).

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.12, from 1.19 in 2017Q2. It worsened, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Arizona State Retirement has 0.14% invested in The Progressive Corporation (NYSE:PGR) for 249,745 shares. Oakbrook Invs Ltd Co holds 61,360 shares or 0.19% of its portfolio. Vident Advisory Lc accumulated 74,246 shares. Omers Administration Corporation has 84,600 shares. Great West Life Assurance Com Can accumulated 839,328 shares or 0.1% of the stock. Jefferies Group Ltd Liability Company has 0.02% invested in The Progressive Corporation (NYSE:PGR). Central Bankshares Tru Company owns 91,707 shares. Morgan Stanley has 0.01% invested in The Progressive Corporation (NYSE:PGR) for 968,079 shares. Raymond James Tru Na reported 38,823 shares or 0.13% of all its holdings. Wilbanks Smith & Thomas Asset Mngmt Limited owns 0.03% invested in The Progressive Corporation (NYSE:PGR) for 6,316 shares. Royal National Bank & Trust Of Canada reported 0.03% in The Progressive Corporation (NYSE:PGR). Johnson Counsel invested in 0.01% or 9,437 shares. Parnassus Invs Ca reported 850,000 shares. Mirae Asset Global Invests Company Limited holds 0.06% of its portfolio in The Progressive Corporation (NYSE:PGR) for 67,830 shares. Mcdonald Capital Ca has invested 14.88% in The Progressive Corporation (NYSE:PGR).

Among 20 analysts covering GameStop Corp. (NYSE:GME), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. Benchmark maintained the stock with “Sell” rating in Monday, February 22 report. The firm has “Buy” rating by Robert W. Baird given on Wednesday, August 23. The rating was maintained by Piper Jaffray with “Overweight” on Wednesday, August 12. The firm earned “Buy” rating on Wednesday, April 19 by Mizuho. As per Friday, August 26, the company rating was maintained by Robert W. Baird. As per Friday, March 24, the company rating was maintained by Wedbush. Telsey Advisory Group upgraded the shares of GME in report on Monday, June 27 to “Outperform” rating. Telsey Advisory Group maintained the stock with “Market Perform” rating in Friday, August 28 report. On Thursday, May 25 the stock rating was maintained by Credit Suisse with “Hold”. Bank of America upgraded the shares of GME in report on Monday, July 11 to “Buy” rating.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.11, from 1.18 in 2017Q2. It fall, as 37 investors sold GME shares while 83 reduced holdings. 35 funds opened positions while 93 raised stakes. 100.21 million shares or 1.31% less from 101.54 million shares in 2017Q2 were reported. Liberty Mutual Asset Management reported 26,488 shares stake. Wellington Mngmt Group Llp accumulated 312,766 shares. James Inv Research holds 0.08% or 113,240 shares. Argi Inv Ltd Liability Com invested in 0.03% or 24,351 shares. 16,084 are held by Us Bancshares De. Illinois-based Calamos Ltd Com has invested 0.01% in GameStop Corp. (NYSE:GME). Lingohr And Partner Asset Management Gmbh reported 0.57% of its portfolio in GameStop Corp. (NYSE:GME). Bluemountain Cap Management Ltd Liability Company stated it has 16,730 shares or 0.01% of all its holdings. Credit Suisse Ag reported 295,319 shares or 0.01% of all its holdings. Raymond James & Assoc stated it has 95,467 shares or 0% of all its holdings. France-based Axa has invested 0.04% in GameStop Corp. (NYSE:GME). Hancock Holdg Com has 0.05% invested in GameStop Corp. (NYSE:GME). Sei invested in 0% or 11,912 shares. Vanguard reported 8.90M shares or 0.01% of all its holdings. Voya Invest Ltd Liability Company owns 55,489 shares.

Balasa Dinverno & Foltz Llc, which manages about $2.77 billion and $640.65 million US Long portfolio, decreased its stake in Ishares S&P 500 (IVV) by 3,972 shares to 263,812 shares, valued at $66.73M in 2017Q3, according to the filing. It also reduced its holding in Half Robert Int’l (NYSE:RHI) by 7,980 shares in the quarter, leaving it with 5,295 shares, and cut its stake in Ishares Russell 1000 Value (IWD).

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By1 Peter Mason

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