Charles Schwab Bearish on These 5 Stocks for 3rd Quarter

Wall St. Watchdog reveals information regarding significant reduction in shares for Charles Schwab Investment Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Ashland Inc. (NYSE:ASH): On 06/30/2011, Charles Schwab Investment Management reported holding 1,083,851 shares. On 09/30/2011, Charles Schwab Investment Management reported holding 76,665 shares. The net reduction in shares for this position is 1,007,186 or 92.93%. About Company: Ashland Inc. is a diversified chemical company. The Company provides products and services to a range of businesses, such as adhesives and sealants, building and construction, merchant marine, metal casting, mining, transportation, water and wastewater treatment industries, and others.
  • R.r. Donnelley & Sons Company (NASDAQ:RRD): On 06/30/2011, Charles Schwab Investment Management reported holding 4,160,499 shares. On 09/30/2011, Charles Schwab Investment Management reported holding 394,989 shares. The net reduction in shares for this position is 3,765,510 or 90.51%. About Company: R. R. Donnelley & Sons Company provides commercial printing and information services. The Company provides solutions that include commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management.
  • Hff Inc. (NYSE:HF): On 06/30/2011, Charles Schwab Investment Management reported holding 70,600 shares. On 09/30/2011, Charles Schwab Investment Management reported holding 11,121 shares. The net reduction in shares for this position is 59,479 or 84.25%. About Company: HFF Inc. provides commercial real estate and capital markets services to the commercial real estate industry in the United States. The Company provides capital markets services such as debt placement, investment sales, structured finance, private equity investment banking and advisory services, note sales and advisory services and commercial loan servicing.
  • Sonoco Products Co. (NYSE:SON): On 06/30/2011, Charles Schwab Investment Management reported holding 432,352 shares. On 09/30/2011, Charles Schwab Investment Management reported holding 88,723 shares. The net reduction in shares for this position is 343,629 or 79.48%. About Company: Sonoco Products Company manufactures industrial and consumer packaging solutions for customers around the world. The Company’s products include flexible packaging, high density film products, and folding cartons. Sonoco Products also has an integrated network of global technology centers focused on materials science, packaging engineering, and process improvement.
  • Openwave Systems Inc. (NASDAQ:OPWV): On 06/30/2011, Charles Schwab Investment Management reported holding 534,706 shares. On 09/30/2011, Charles Schwab Investment Management reported holding 122,206 shares. The net reduction in shares for this position is 412,500 or 77.15%. About Company: Openwave Systems Inc. provides open Internet-based communication infrastructure software and applications. The Company’s customers are wireless network operators, wireline carriers, Internet service providers, and broadband network providers. Openwave offers wireless Internet infrastructure and browsers, unified messaging, mobile email, directory service, and voice processing.

(Note: Data regarding Charles Schwab Investment Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet