Bluefin Trading Upped Its Petroleo Brasileiro Sa Petro (PBR) Position by $802,880; Eastern Bank Has Lowered Its Position in General Elec Co (GE) by $10.80 Million

May 24, 2018 - By wolcottdaily

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Eastern Bank decreased its stake in General Elec Co (GE) by 75.13% based on its latest 2017Q4 regulatory filing with the SEC. Eastern Bank sold 635,216 shares as the company’s stock declined 23.20% with the market. The institutional investor held 210,237 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.67 million, down from 845,453 at the end of the previous reported quarter. Eastern Bank who had been investing in General Elec Co for a number of months, seems to be less bullish one the $126.02 billion market cap company. The stock increased 2.33% or $0.3299 during the last trading session, reaching $14.5099. About 82.11 million shares traded or 13.10% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.




Scott Burney increased its stake in Petroleo Brasileiro Sa Petro (PBR) by 101.76% based on its latest 2017Q4 regulatory filing with the SEC. Bluefin Trading Llc bought 80,288 shares as the company’s stock rose 39.74% while stock markets declined. The hedge fund run by Scott Burney held 159,188 shares of the oil & gas production company at the end of 2017Q4, valued at $1.64 million, up from 78,900 at the end of the previous reported quarter. Bluefin Trading Llc who had been investing in Petroleo Brasileiro Sa Petro for a number of months, seems to be bullish on the $77.44B market cap company. The stock decreased 15.62% or $2.36 during the last trading session, reaching $12.75. About 74.60 million shares traded or 341.79% up from the average. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 52.40% since May 24, 2017 and is uptrending. It has outperformed by 40.85% the S&P500.

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 20.15 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.

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

More notable recent General Electric Company (NYSE:GE) news were published by: Benzinga.com which released: “The Market In 5 Minutes: GE, Tariffs, Summit, Jobless Claims And More” on May 24, 2018, also Investorplace.com with their article: “Thursday’s Vital Data: General Electric Company (GE), Netflix, Inc. (NFLX) and JD.com Inc(ADR) (JD)” published on May 24, 2018, Bizjournals.com published: “GE loses $9B in value as CEO talks energy struggles, dividend” on May 24, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE’s Share Slide – A Buying Opportunity” published on May 24, 2018 as well as Benzinga.com‘s news article titled: “GE Shares Reverse Course On Conflicting Dividend Reports” with publication date: May 24, 2018.

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 103 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by CFRA with “Hold” on Monday, May 21. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Friday, April 21. Cowen & Co has “Hold” rating and $30 target. The firm has “Neutral” rating by UBS given on Monday, October 23. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, July 25. On Wednesday, August 26 the stock rating was upgraded by Vetr to “Buy”. Cowen & Co maintained General Electric Company (NYSE:GE) on Wednesday, April 11 with “Hold” rating. JP Morgan maintained the shares of GE in report on Wednesday, November 1 with “Underweight” rating. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, August 7 with “Hold” rating. J.P. Morgan maintained the stock with “Sell” rating in Thursday, March 29 report. The rating was downgraded by TheStreet to “Buy” on Wednesday, August 26.

Eastern Bank, which manages about $1.49B US Long portfolio, upped its stake in Chevron Corp (NYSE:CVX) by 6,489 shares to 182,311 shares, valued at $22.82M in 2017Q4, according to the filing. It also increased its holding in I Shares (LQD) by 3,418 shares in the quarter, for a total of 214,042 shares, and has risen its stake in I Shares (IWN).

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, 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. 21,551 are owned by Arete Wealth Advsr Ltd Co. Shelter Insurance Retirement Plan invested in 217,000 shares. Td Asset holds 7.65 million shares. Mariner Wealth Advsr Limited Liability reported 266,224 shares. Moreover, Renaissance Gp Ltd Liability Com has 0.02% invested in General Electric Company (NYSE:GE) for 40,405 shares. Buffington Mohr Mcneal owns 43,080 shares for 0.29% of their portfolio. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.47% in General Electric Company (NYSE:GE). Moreover, Public Sector Pension Invest Board has 0.51% invested in General Electric Company (NYSE:GE) for 4.45M shares. Benin Management holds 135,725 shares or 0.95% of its portfolio. Howe Rusling Inc has invested 0.37% in General Electric Company (NYSE:GE). Peddock Cap Advisors Ltd Llc holds 0.13% or 14,467 shares in its portfolio. Bankshares Of The West has invested 0.54% in General Electric Company (NYSE:GE). Smithfield Trust Co has 0.56% invested in General Electric Company (NYSE:GE) for 264,476 shares. Consulate Inc has invested 1.41% of its portfolio in General Electric Company (NYSE:GE). Martin Company Incorporated Tn holds 0.36% or 65,005 shares.

Among 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 3 have Buy rating, 5 Sell and 6 Hold. Therefore 21% are positive. Petroleo Brasileiro Petrobras SA had 40 analyst reports since August 7, 2015 according to SRatingsIntel. As per Tuesday, September 13, the company rating was downgraded by Tudor Pickering. As per Thursday, September 15, the company rating was upgraded by Macquarie Research. The stock of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) earned “Sell” rating by Raymond James on Monday, April 23. On Friday, August 26 the stock rating was upgraded by Credit Suisse to “Neutral”. The firm earned “Neutral” rating on Friday, September 11 by JP Morgan. The stock of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) earned “Buy” rating by Citigroup on Wednesday, October 5. The stock has “Market Perform” rating by Raymond James on Wednesday, September 21. The rating was maintained by Credit Suisse on Wednesday, April 19 with “Buy”. The stock of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. The rating was maintained by Barclays Capital on Tuesday, October 10 with “Underweight”.

General Electric Company (NYSE:GE) Institutional Positions Chart

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