Bank Of Nova Scotia Trust Company Increases Stake in Oracle (ORCL); As General Electric Co (GE) Stock Value Declined, Holder Hawkins Capital LP Has Cut Holding

May 22, 2018 - By Marguerite Chambers

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Russell Hawkins decreased its stake in General Electric Co (GE) by 61.99% based on its latest 2017Q4 regulatory filing with the SEC. Hawkins Capital Lp sold 300,000 shares as the company’s stock declined 23.20% with the market. The hedge fund run by Russell Hawkins held 183,918 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.21M, down from 483,918 at the end of the previous reported quarter. Hawkins Capital Lp who had been investing in General Electric Co for a number of months, seems to be less bullish one the $132.54 billion market cap company. The stock increased 1.94% or $0.29 during the last trading session, reaching $15.26. About 77.92M shares traded or 9.30% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 22, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.




Bank Of Nova Scotia Trust Company increased its stake in Oracle Corp (ORCL) by 262.47% based on its latest 2017Q4 regulatory filing with the SEC. Bank Of Nova Scotia Trust Company bought 26,208 shares as the company’s stock declined 4.18% with the market. The institutional investor held 36,193 shares of the prepackaged software company at the end of 2017Q4, valued at $1.71M, up from 9,985 at the end of the previous reported quarter. Bank Of Nova Scotia Trust Company who had been investing in Oracle Corp for a number of months, seems to be bullish on the $192.73 billion market cap company. The stock increased 1.92% or $0.89 during the last trading session, reaching $47.21. About 13.42M shares traded. Oracle Corporation (NYSE:ORCL) has risen 1.20% since May 22, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

Investors sentiment increased to 1.15 in 2017 Q4. Its up 0.02, from 1.13 in 2017Q3. It increased, as 80 investors sold ORCL shares while 488 reduced holdings. 126 funds opened positions while 526 raised stakes. 2.29 billion shares or 1.37% less from 2.32 billion shares in 2017Q3 were reported. Brahman Cap owns 3.07% invested in Oracle Corporation (NYSE:ORCL) for 1.72M shares. Field And Main Financial Bank holds 0.13% or 2,849 shares. Pzena Inv Mgmt Limited Liability Company accumulated 11.23M shares. Brown Brothers Harriman & invested 6.28% of its portfolio in Oracle Corporation (NYSE:ORCL). Reliance Trust Of Delaware has 0.62% invested in Oracle Corporation (NYSE:ORCL). Fin Mngmt Pro Inc invested 0.03% of its portfolio in Oracle Corporation (NYSE:ORCL). Valmark Advisers Inc owns 4,955 shares or 0.01% of their US portfolio. Citizens & Northern invested in 42,888 shares or 1.44% of the stock. Sumitomo Mitsui Asset Communication Limited holds 223,793 shares or 0.16% of its portfolio. Cubist Systematic Strategies Limited Liability owns 0.36% invested in Oracle Corporation (NYSE:ORCL) for 142,854 shares. Kentucky Retirement System accumulated 0.63% or 187,878 shares. Rmb Management Limited Liability Company invested in 20,283 shares or 0.02% of the stock. General American Invsts Inc owns 1.12% invested in Oracle Corporation (NYSE:ORCL) for 243,247 shares. Inv Counsel Incorporated stated it has 58,188 shares or 1.14% of all its holdings. Deltec Asset Management Limited Liability holds 219,536 shares.

More important recent Oracle Corporation (NYSE:ORCL) news were published by: Seekingalpha.com which released: “Oracle’s New Sales Tool To Grow Cloud Business” on May 17, 2018, also Fool.com published article titled: “Better Buy: International Business Machines (IBM) vs. Oracle (ORCL)”, Seekingalpha.com published: “Oracle’s Cloud Transition Doesn’t Match Other Success Stories” on May 03, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) was released by: Seekingalpha.com and their article: “Oracle buys DataScience.com” with publication date: May 16, 2018.

Among 43 analysts covering Oracle (NYSE:ORCL), 27 have Buy rating, 0 Sell and 16 Hold. Therefore 63% are positive. Oracle had 116 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, July 19. The stock has “Buy” rating by BMO Capital Markets on Monday, October 2. The stock of Oracle Corporation (NYSE:ORCL) earned “Buy” rating by Stifel Nicolaus on Thursday, October 19. The stock has “Buy” rating by Piper Jaffray on Wednesday, October 4. The stock of Oracle Corporation (NYSE:ORCL) has “Hold” rating given on Friday, June 17 by Wunderlich. The stock has “Overweight” rating by Morgan Stanley on Wednesday, January 3. The firm earned “Buy” rating on Friday, August 25 by Jefferies. The stock has “Overweight” rating by Morgan Stanley on Thursday, September 17. The rating was maintained by Canaccord Genuity with “Buy” on Friday, December 15. The firm has “Buy” rating given on Monday, May 29 by Canaccord Genuity.

Bank Of Nova Scotia Trust Company, which manages about $923.33M US Long portfolio, decreased its stake in Suncor Energy Inc New (NYSE:SU) by 43,456 shares to 618,367 shares, valued at $22.71 million in 2017Q4, according to the filing. It also reduced its holding in Bank N S Halifax (NYSE:BNS) by 22,917 shares in the quarter, leaving it with 940,134 shares, and cut its stake in Sun Life Finl Inc (NYSE:SLF).

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 21.19 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “General Electric drops again on Fortune 500 list” on May 21, 2018, also Nasdaq.com with their article: “What Happened in the Stock Market Today” published on May 21, 2018, Seekingalpha.com published: “GE: The Real Problem” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Schaeffersresearch.com and their article: “Weekly Call Options Hot as Micron, GE Stocks Push Higher” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Exhaustion In A Corporate Restructuring” with publication date: May 21, 2018.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dived, 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. Wealthtrust Fairport Ltd, Ohio-based fund reported 79,427 shares. Salient Tru Lta holds 0.41% of its portfolio in General Electric Company (NYSE:GE) for 210,719 shares. Parallax Volatility Advisers Lp owns 459,572 shares for 0.01% of their portfolio. Shikiar Asset Mngmt Inc has invested 0.32% in General Electric Company (NYSE:GE). Mariner Wealth Advisors Limited Liability Company invested in 0.18% or 266,224 shares. The Netherlands-based Robeco Institutional Asset Bv has invested 0.05% in General Electric Company (NYSE:GE). Td Asset Mngmt stated it has 7.65M shares or 0.19% of all its holdings. Lbmc Investment Lc has 0.05% invested in General Electric Company (NYSE:GE). Garde Cap Inc reported 0.04% stake. Stanley owns 25,406 shares or 0.1% of their US portfolio. Brandywine Tru holds 1.09% in General Electric Company (NYSE:GE) or 73,306 shares. Bowen Hanes & Communication reported 207,438 shares. 928,581 are held by Eagle Asset Mgmt. 275,000 were reported by Fire Gru Inc. Peak Asset Lc has 0.26% invested in General Electric Company (NYSE:GE).

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

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Hold” rating and $2400 target in Monday, August 7 report. The firm earned “Buy” rating on Wednesday, April 12 by Credit Suisse. Credit Suisse maintained the shares of GE in report on Monday, November 23 with “Outperform” rating. The stock has “Hold” rating by Vetr on Tuesday, September 22. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 14. Vertical Research maintained the stock with “Hold” rating in Tuesday, January 16 report. The company was downgraded on Wednesday, April 26 by Bank of America. On Friday, December 16 the stock rating was upgraded by Bernstein to “Outperform”. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Monday, October 9 by J.P. Morgan. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Thursday, October 19.

Oracle Corporation (NYSE:ORCL) Institutional Positions Chart

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