General Electric Co (GE) Shareholder Regal Investment Advisors Has Increased Its Stake by $2.03 Million; As Urban Outfitters (URBN) Stock Price Declined, Turtle Creek Asset Management Lifted by $30.16 Million Its Position

November 14, 2017 - By Henry Gaston

Turtle Creek Asset Management Inc increased its stake in Urban Outfitters Inc (URBN) by 84.05% based on its latest 2017Q2 regulatory filing with the SEC. Turtle Creek Asset Management Inc bought 1.68M shares as the company’s stock declined 29.22% while stock markets rallied. The institutional investor held 3.67M shares of the consumer services company at the end of 2017Q2, valued at $68.03M, up from 1.99 million at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Urban Outfitters Inc for a number of months, seems to be bullish on the $2.77B market cap company. The stock rose 1.12% or $0.28 reaching $25.23 per share. About 85,673 shares traded. Urban Outfitters, Inc. (NASDAQ:URBN) has declined 30.56% since November 14, 2016 and is downtrending. It has underperformed by 47.26% the S&P500.

Regal Investment Advisors Llc increased its stake in General Electric Co (GE) by 77.42% based on its latest 2017Q2 regulatory filing with the SEC. Regal Investment Advisors Llc bought 75,191 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 172,312 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $4.65M, up from 97,121 at the end of the previous reported quarter. Regal Investment Advisors Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $161.30B market cap company. The stock declined 2.21% or $0.42 reaching $18.6 on the news. About 15.84M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 14, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.




Among 33 analysts covering Urban Outfitters Inc. (NASDAQ:URBN), 11 have Buy rating, 3 Sell and 19 Hold. Therefore 33% are positive. Urban Outfitters Inc. had 104 analyst reports since July 31, 2015 according to SRatingsIntel. Nomura maintained it with “Neutral” rating and $33 target in Wednesday, August 17 report. The firm has “Neutral” rating by UBS given on Tuesday, March 8. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) has “Buy” rating given on Wednesday, August 16 by Robert W. Baird. The stock has “Hold” rating by RBC Capital Markets on Monday, October 30. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Buy” rating by Robert W. Baird on Monday, October 30. The firm earned “Buy” rating on Thursday, November 10 by Wunderlich. JP Morgan maintained the shares of URBN in report on Friday, March 18 with “Neutral” rating. The firm has “Neutral” rating by Credit Suisse given on Wednesday, August 17. The stock of Urban Outfitters, Inc. (NASDAQ:URBN) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 17. As per Monday, February 27, the company rating was downgraded by M Partners.

More recent Urban Outfitters, Inc. (NASDAQ:URBN) news were published by: Bna.com which released: “Urban Outfitters Hit With Wave of Individual Overtime Lawsuits” on November 06, 2017. Also Nasdaq.com published the news titled: “Commit To Buy Urban Outfitters At $15, Earn 6.7% Using Options” on October 25, 2017. Prnewswire.com‘s news article titled: “Technical Snapshots for These Apparel Stores Stocks — Urban Outfitters …” with publication date: November 06, 2017 was also an interesting one.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.06, from 0.88 in 2017Q1. It fall, as 52 investors sold URBN shares while 73 reduced holdings. 32 funds opened positions while 71 raised stakes. 94.01 million shares or 1.90% more from 92.26 million shares in 2017Q1 were reported. Meeder Asset holds 0.05% or 27,028 shares in its portfolio. Lord Abbett & Ltd Liability reported 0.1% in Urban Outfitters, Inc. (NASDAQ:URBN). 121,319 were accumulated by Walleye Trading Llc. Moreover, Dekabank Deutsche Girozentrale has 0% invested in Urban Outfitters, Inc. (NASDAQ:URBN). Fmr Ltd Liability stated it has 0.01% in Urban Outfitters, Inc. (NASDAQ:URBN). Hsbc Holding Pcl has invested 0% in Urban Outfitters, Inc. (NASDAQ:URBN). D E Shaw Company Incorporated has 274,397 shares. Commerzbank Aktiengesellschaft Fi accumulated 0.01% or 28,270 shares. Fieldpoint Private Inc holds 0.21% or 200 shares. 3.67 million were reported by Turtle Creek Asset Management. Systematic Management LP owns 336,600 shares for 0.12% of their portfolio. Utd Services Automobile Association accumulated 0.01% or 205,006 shares. Profund Ltd Llc accumulated 10,262 shares. First Tru Limited Partnership reported 370,822 shares or 0.02% of all its holdings. Dimensional Fund Advsr Ltd Partnership, Texas-based fund reported 3.20 million shares.

Turtle Creek Asset Management Inc, which manages about $878.20M US Long portfolio, decreased its stake in Ss&C Technologies Holdings Inc (NASDAQ:SSNC) by 46,800 shares to 1.92 million shares, valued at $73.71M in 2017Q2, according to the filing. It also reduced its holding in Clean Harbors Inc (NYSE:CLH) by 240,954 shares in the quarter, leaving it with 22,800 shares, and cut its stake in Heico Corp New (NYSE:HEI.A).

Among 25 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 5 Sell and 9 Hold. Therefore 44% are positive. General Electric Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, October 2 by Morgan Stanley. JP Morgan initiated it with “Underweight” rating and $27 target in Thursday, May 12 report. On Monday, September 11 the stock rating was maintained by Deutsche Bank with “Sell”. The rating was upgraded by Vetr on Wednesday, August 26 to “Buy”. maintained the stock with “Buy” rating in Monday, October 10 report. TheStreet downgraded the stock to “Buy” rating in Wednesday, August 26 report. Oppenheimer maintained the stock with “Hold” rating in Monday, June 12 report. Credit Suisse maintained General Electric Company (NYSE:GE) rating on Thursday, October 5. Credit Suisse has “Outperform” rating and $30 target. The firm has “Overweight” rating by Barclays Capital given on Monday, October 5. The firm earned “Outperform” rating on Monday, November 23 by Credit Suisse.

Regal Investment Advisors Llc, which manages about $657.66 million and $403.72M US Long portfolio, decreased its stake in Vanguard Index Fds (VTI) by 31,570 shares to 17,243 shares, valued at $2.15 million in 2017Q2, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 2,005 shares in the quarter, leaving it with 18,635 shares, and cut its stake in First Tr Exch Trd Alpha Fd I (FDT).

More notable recent General Electric Company (NYSE:GE) news were published by: Nytimes.com which released: “Asking the Big Questions of General Electric” on November 13, 2017, also Businessinsider.com with their article: “General Electric’s turnaround plan has investors dumping the stock” published on November 13, 2017, Investorplace.com published: “3 Big Stock Charts for Monday: General Electric Company, Advanced Micro …” on November 13, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Live from GE’s investor update webcast” published on November 13, 2017 as well as Bostonglobe.com‘s news article titled: “GE faces a major inflection point under new CEO John Flannery” with publication date: November 12, 2017.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It dropped, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Daiwa Secs Grp Incorporated Inc invested in 0.1% or 588,128 shares. First Pacific Limited Liability Corp invested in 16.36M shares. 10,000 were reported by Mawer Invest Ltd. Lbmc Investment Advisors Limited Liability Co has 0.06% invested in General Electric Company (NYSE:GE). Tompkins holds 81,013 shares or 0.55% of its portfolio. Girard Partners Limited has 112,386 shares. Moreover, Cipher Capital Lp has 0.3% invested in General Electric Company (NYSE:GE) for 143,470 shares. Alabama-based First Bancorp has invested 1.02% in General Electric Company (NYSE:GE). Stearns Services Grp invested in 1.28% or 196,724 shares. Mount Vernon Associate Inc Md owns 40,805 shares for 1.98% of their portfolio. Pennsylvania invested 1.59% in General Electric Company (NYSE:GE). Rudman Errol M stated it has 0.33% of its portfolio in General Electric Company (NYSE:GE). Massachusetts-based Jp Marvel Inv Limited Liability Company has invested 2.26% in General Electric Company (NYSE:GE). Northeast Investment holds 818,113 shares or 2.01% of its portfolio. First Fiduciary Investment Counsel invested in 749,269 shares or 3.87% of the stock.

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