As General Electric Co (GE) Shares Declined, Shareholder Hourglass Capital LLC Decreased Stake by $6.46 Million

June 27, 2018 - By Matthew Medley

General Electric Company (NYSE:GE) Corporate LogoDuring 2018 Q1 the big money sentiment increased to 0.55. That’s change of 0.05, from 2017Q4’s 0.5. 153 investors sold all, 804 reduced holdings as GE ratio increased. 398 increased stakes while 124 funds acquired stakes. Funds hold 4.54 billion shares thus 3.00% less from 2017Q4’s 4.69 billion shares. Skylands Capital Ltd Liability Corp holds 25,000 shs or 0.04% of its capital. Hanson Doremus Invest Mgmt accumulated 221,158 shs or 0.92% of the stock. General Elec owns 142,000 shs or 1.09% of their US capital. Moreover, Alexandria Cap Ltd Liability Corporation has 0.06% invested in General Electric Company (NYSE:GE). Bailard accumulated 20,157 shs or 0.02% of the stock. Advisors Mngmt Ltd Limited Liability Company has 0.05% invested in General Electric Company (NYSE:GE). 51,912 were accumulated by Virtu Fincl Lc. Savings Bank Of Ny Mellon, a New York-based fund reported 82.84M shs. Apg Asset Nv holds 0.39% or 18.48 million shs in its capital. Farmers Trust invested in 0.85% or 207,834 shs. Wetherby Asset Management owns 146,049 shs or 0.27% of their US capital. Wealthtrust has 4,028 shs for 0.03% of their capital. Stellar Mgmt Ltd accumulated 0.94% or 108,231 shs. 11,729 are owned by Willingdon Wealth Mgmt. Alps Advsrs Incorporated owns 3.28 million shs.

GE had 0 insider sales and 1 insider purchase since January 26, 2018. This’s net activity of $43,446.

In 2018Q1 Securities and Exchange filling is reported Hourglass Capital Llc’s holdings in General Electric Co (GE) which was decreased by 97.36%. The company’s stock sank 0.14% while Hourglass Capital Llc sold 497,017 shares. The hedge fund is holding 13,500 shares, compared to the 510,517 from the previous quarter. And the reported value of the consumer electronics and appliances company is $182,000 for the 2018Q1. $119.36 billion is General Electric Co’s market cap. GE is hitting $13.74 during the last trading session, after increased 7.78%.General Electric Company has 213.83M shares volume, 207.08% up from normal. GE is downtrending and has moved 46.78% since June 27, 2017. GE underperformed the S&P500 by 59.35%.

Hourglass Capital Llc has risen its stake in Williams Cos Inc Del (NYSE:WMB) and also increased its holding in Lyondellbasell Industries N (NYSE:LYB) by 37,420 shares in the quarter, for a total of 80,880 shares.

On July, 20 is anticipated General Electric Company (NYSE:GE)’s earnings report, as reported by Faxor. Analysts forecast $0.17 earnings per share. That’s $0.11 down or 39.29 % from 2017’s earnings of $0.28. GE’s profit could be $1.48B if the current earnings per share of $0.17 is accurate. After $0.16 EPS report previous quarter, Wall Street now forecasts 6.25 % EPS growth of General Electric Company.

For more General Electric Company (NYSE:GE) news brought out recently go to: Seekingalpha.com, Investorplace.com, Seekingalpha.com, Seekingalpha.com or Thestreet.com. The titles are as follows: “General Electric Kicked Off The Dow – The Worst Board Of Directors In America” brought out on June 21, 2018, “Walgreens (WBA) Replaces General Electric (GE) in the Dow” on June 26, 2018, “After Shedding Assets, General Electric Is Worth $20 A Share” with a publish date: June 27, 2018, “GE (Un)Does Healthcare: A Sum Of The Parts Analysis” and the last “Why GE’s Stock Has Fallen 15% in the Last 30 Days” with publication date: June 19, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Total analysts of 15 have positions in General Electric (NYSE:GE) as follows: 3 rated it a “Buy”, 3 with “Sell” and 9 with “Hold”. The positive are 20%. The firm has $23 highest while $1100 is the lowest target price. The average target $15.33 is 11.57% above the last ($13.74) price. Since December 28, 2017 according to StockzIntelligence Inc General Electric has 25 analyst reports. On Wednesday, March 28 the stock of General Electric Company (NYSE:GE) earned “Sell” rating by DZ Bank. In Tuesday, January 30 report Stifel Nicolaus maintained it with “Hold” rating and $17 target. On Tuesday, April 3 the company was maintained by Stifel Nicolaus. On Thursday, January 4 the firm earned “Hold” rating by Tigress Financial. On Tuesday, January 23 the firm earned “Hold” rating by UBS. On Monday, February 12 JP Morgan maintained General Electric Company (NYSE:GE) with “Underweight” rating. On Friday, April 27 Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating. Stifel Nicolaus has “Hold” rating and $15 target. On Monday, May 21 the stock of General Electric Company (NYSE:GE) earned “Hold” rating by CFRA. The stock rating was maintained by J.P. Morgan with “Sell” on Monday, April 9. On Monday, April 23 the stock of General Electric Company (NYSE:GE) has “Hold” rating given by RBC Capital Markets.

General Electric Company (NYSE:GE) Institutional Investors Chart

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