Axiom International Investors Has Raised Logmein (LOGM) Position; As General Electric Co (Call) (GE) Share Price Declined, Dsc Advisors LP Has Increased by $1.51 Million Its Position

April 23, 2018 - By Michael Collier

LogMeIn, Inc. (NASDAQ:LOGM) Logo

Dsc Advisors Lp increased its stake in General Electric Co (Call) (GE) by 787% based on its latest 2017Q4 regulatory filing with the SEC. Dsc Advisors Lp bought 88,726 shares as the company’s stock declined 23.20% with the market. The hedge fund held 100,000 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.75M, up from 11,274 at the end of the previous reported quarter. Dsc Advisors Lp who had been investing in General Electric Co (Call) for a number of months, seems to be bullish on the $126.38B market cap company. The stock increased 0.10% or $0.01 during the last trading session, reaching $14.55. About 41.10 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Axiom International Investors Llc increased its stake in Logmein Inc (LOGM) by 11.91% based on its latest 2017Q4 regulatory filing with the SEC. Axiom International Investors Llc bought 11,767 shares as the company’s stock rose 1.31% while stock markets declined. The institutional investor held 110,579 shares of the technology company at the end of 2017Q4, valued at $12.66M, up from 98,812 at the end of the previous reported quarter. Axiom International Investors Llc who had been investing in Logmein Inc for a number of months, seems to be bullish on the $6.18B market cap company. The stock decreased 1.09% or $1.3 during the last trading session, reaching $117.9. About 231,894 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 20.98% since April 23, 2017 and is uptrending. It has outperformed by 9.43% the S&P500.

Since January 26, 2018, it had 1 buying transaction, and 0 sales for $43,446 activity.

Dsc Advisors Lp, which manages about $283.90M and $172.28M US Long portfolio, decreased its stake in Ishares Tr (TLT) by 3,800 shares to 27,700 shares, valued at $3.51M in 2017Q4, according to the filing.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Langenberg on Monday, November 13. RBC Capital Markets downgraded General Electric Company (NYSE:GE) on Tuesday, November 14 to “Sector Perform” rating. The stock has “Hold” rating by Deutsche Bank on Tuesday, August 25. Morgan Stanley downgraded General Electric Company (NYSE:GE) on Monday, October 23 to “Underweight” rating. On Tuesday, January 23 the stock rating was initiated by UBS with “Hold”. Deutsche Bank downgraded the stock to “Sell” rating in Friday, May 12 report. The rating was maintained by Deutsche Bank with “Sell” on Monday, September 11. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, October 19 by Cowen & Co. Stifel Nicolaus maintained the shares of GE in report on Tuesday, June 13 with “Buy” rating. maintained the stock with “Buy” rating in Monday, October 10 report.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It turned negative, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Sageworth Tru Com reported 0% stake. Argent Cap Mngmt Limited Liability Com holds 0.29% of its portfolio in General Electric Company (NYSE:GE) for 515,329 shares. Letko Brosseau Associate Incorporated stated it has 0.77% in General Electric Company (NYSE:GE). Wasatch, a Utah-based fund reported 13,854 shares. Roffman Miller Assoc Inc Pa holds 288,461 shares. Benchmark Capital holds 51,000 shares. Janney Montgomery Scott Limited Liability Company, a Pennsylvania-based fund reported 2.02 million shares. Alpha Windward Limited holds 0.1% in General Electric Company (NYSE:GE) or 10,087 shares. 49,422 are held by Gateway Advisory Llc. Mcmillion reported 0.62% of its portfolio in General Electric Company (NYSE:GE). Macnealy Hoover Invest holds 1.33% or 105,223 shares. 70.85 million are owned by Trian Fund Mngmt Limited Partnership. Hutchinson Capital Ca holds 0.12% or 25,625 shares. Price Michael F reported 4,000 shares or 0.01% of all its holdings. Supplemental Annuity Collective Trust Of Nj has invested 0.59% in General Electric Company (NYSE:GE).

Axiom International Investors Llc, which manages about $10.22 billion and $3.99B US Long portfolio, decreased its stake in Allegion Pub Ltd Co (NYSE:ALLE) by 92,726 shares to 437,491 shares, valued at $34.81M in 2017Q4, according to the filing. It also reduced its holding in Global Pmts Inc (NYSE:GPN) by 53,256 shares in the quarter, leaving it with 591,444 shares, and cut its stake in Usa Technologies Inc (NASDAQ:USAT).

Among 14 analysts covering LogMeIn (NASDAQ:LOGM), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. LogMeIn had 50 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of LOGM in report on Wednesday, January 25 with “Overweight” rating. The rating was upgraded by Cowen & Co to “Outperform” on Friday, April 7. The firm has “Buy” rating by Robert W. Baird given on Friday, October 27. On Friday, August 28 the stock rating was upgraded by Pacific Crest to “Overweight”. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Buy” rating by Cowen & Co on Friday, October 27. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 23 report. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Outperform” rating given on Friday, July 24 by RBC Capital Markets. Needham maintained the stock with “Buy” rating in Friday, February 16 report. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 31. The rating was maintained by Needham on Friday, February 12 with “Strong Buy”.

General Electric Company (NYSE:GE) Institutional Positions Chart

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