Schwab Charles Investment Management Inc. Maintains Holdings in Orchids Paper Products Company (NYSEMKT:TIS)

Schwab Charles Investment Management Inc. continued to hold its stake in shares of Orchids Paper Products Company (NYSEMKT:TIS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,400 shares of the basic materials company’s stock at the end of the 1st quarter. Schwab Charles Investment Management Inc. owned approximately 0.18% of Orchids Paper Products worth $442,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TIS. Ameriprise Financial Inc. raised its stake in shares of Orchids Paper Products by 20.6% in the 1st quarter. Ameriprise Financial Inc. now owns 84,611 shares of the basic materials company’s stock valued at $2,032,000 after acquiring an additional 14,432 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Orchids Paper Products in the 1st quarter valued at approximately $396,000. Dimensional Fund Advisors LP raised its stake in shares of Orchids Paper Products by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 402,040 shares of the basic materials company’s stock valued at $9,649,000 after acquiring an additional 2,715 shares in the last quarter. Cadence Capital Management LLC raised its stake in shares of Orchids Paper Products by 32.9% in the 1st quarter. Cadence Capital Management LLC now owns 36,828 shares of the basic materials company’s stock valued at $884,000 after acquiring an additional 9,123 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in shares of Orchids Paper Products in the 1st quarter valued at approximately $210,000.

Shares of Orchids Paper Products Company (TIS) traded up 1.81% on Friday, reaching $12.40. The company’s stock had a trading volume of 51,924 shares. The firm has a market cap of $129.32 million, a price-to-earnings ratio of 66.31 and a beta of 0.48. The company’s 50 day moving average is $10.65 and its 200-day moving average is $16.58. Orchids Paper Products Company has a 1-year low of $8.31 and a 1-year high of $30.38.

Orchids Paper Products (NYSEMKT:TIS) last released its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The business had revenue of $38.40 million during the quarter, compared to the consensus estimate of $37.90 million. Orchids Paper Products had a negative net margin of 5.32% and a negative return on equity of 6.37%. Orchids Paper Products’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. Equities research analysts expect that Orchids Paper Products Company will post ($0.08) EPS for the current year.

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A number of brokerages recently weighed in on TIS. ValuEngine downgraded Orchids Paper Products from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. TheStreet downgraded Orchids Paper Products from a “c” rating to a “d+” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Orchids Paper Products in a research report on Tuesday, June 6th.

Orchids Paper Products Company 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.

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

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