Saybrook Capital Position in General Elec Co (GE) Has Boosted by $853,200 as Stock Value Declined; Canadian Pac Ry LTD (CP) Market Valuation Rose While Shellback Capital LP Raised Stake by $1.20 Million

November 15, 2017 - By Ellis Scott

Shellback Capital Lp increased its stake in Canadian Pac Ry Ltd (CP) by 10.38% based on its latest 2017Q2 regulatory filing with the SEC. Shellback Capital Lp bought 7,500 shares as the company’s stock rose 4.01% with the market. The institutional investor held 79,782 shares of the railroads company at the end of 2017Q2, valued at $12.83M, up from 72,282 at the end of the previous reported quarter. Shellback Capital Lp who had been investing in Canadian Pac Ry Ltd for a number of months, seems to be bullish on the $24.92 billion market cap company. It closed at $171.83 lastly. It is down 21.39% since November 15, 2016 and is uptrending. It has outperformed by 4.69% the S&P500.

Saybrook Capital increased its stake in General Elec Co (GE) by 6.73% based on its latest 2017Q2 regulatory filing with the SEC. Saybrook Capital bought 31,600 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 501,321 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $13.54 million, up from 469,721 at the end of the previous reported quarter. Saybrook Capital who had been investing in General Elec Co for a number of months, seems to be bullish on the $155.23 billion market cap company. The stock declined 0.78% or $0.14 reaching $17.76 on the news. About 867,808 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 15, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.




Among 25 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 10 Hold. Therefore 40% are positive. General Electric Company had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Monday, September 21 by Oppenheimer. Deutsche Bank downgraded the shares of GE in report on Friday, May 12 to “Sell” rating. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, November 13 by Langenberg. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Friday, July 21 by CFRA. Morgan Stanley maintained the shares of GE in report on Monday, October 2 with “Equal-Weight” rating. The rating was initiated by JP Morgan on Thursday, May 12 with “Underweight”. The company was maintained on Monday, November 30 by RBC Capital Markets. As per Monday, October 23, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 19. The firm has “Buy” rating given on Wednesday, October 14 by S&P Research.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.03, from 0.82 in 2017Q1. It fall, 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. Winslow Asset Management Incorporated stated it has 1.59% of its portfolio in General Electric Company (NYSE:GE). Greylin Mangement Inc holds 0.37% or 59,545 shares. Thompson Davis Communications has 31,276 shares. Chatham Group reported 0.31% of its portfolio in General Electric Company (NYSE:GE). Massachusetts-based Moreno Evelyn V has invested 1.25% in General Electric Company (NYSE:GE). Diligent Invsts Lc has 42,861 shares. Schmidt P J Investment Management stated it has 143,631 shares. Boothbay Fund Mgmt Ltd Co accumulated 10,901 shares or 0.06% of the stock. Seabridge Investment Llc has invested 0.42% in General Electric Company (NYSE:GE). Twin Capital Mgmt owns 611,810 shares. M&R stated it has 104,854 shares. The New Jersey-based Private Advisor Grp Llc has invested 0.55% in General Electric Company (NYSE:GE). Price Michael F owns 0.04% invested in General Electric Company (NYSE:GE) for 10,000 shares. Riverbridge Lc owns 0.04% invested in General Electric Company (NYSE:GE) for 85,755 shares. Moller Fin Service accumulated 0.43% or 37,915 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE’s Flannery: A Lackluster Performance” on November 14, 2017, also Seekingalpha.com with their article: “GE’s Dividend Cut May Not Be Deep Enough” published on November 15, 2017, Cnbc.com published: “GE’s energy business could soon look very different” on November 13, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Forbes.com and their article: “General Electric Company May Spin-Off Transportation Division” published on November 01, 2017 as well as Fool.com‘s news article titled: “What’s Wrong With General Electric Company’s Core Business?” with publication date: November 12, 2017.

Shellback Capital Lp, which manages about $423.03 million and $1.16 billion US Long portfolio, decreased its stake in Cummins Inc (NYSE:CMI) by 40,820 shares to 28,720 shares, valued at $4.66M in 2017Q2, according to the filing. It also reduced its holding in Seaworld Entmt Inc (NYSE:SEAS) by 110,000 shares in the quarter, leaving it with 386,050 shares, and cut its stake in Big Lots Inc (NYSE:BIG).

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