Red Hat (Put) (RHT) Holder Twin Tree Management LP Trimmed Its Stake; Private Harbour Investment Management & Counsel Has Trimmed General Electric Co (GE) Stake by $671,602

May 26, 2018 - By Vivian Currie

Red Hat, Inc. (NYSE:RHT) Logo

Twin Tree Management Lp decreased its stake in Red Hat Inc (Put) (RHT) by 36.81% based on its latest 2017Q4 regulatory filing with the SEC. Twin Tree Management Lp sold 12,700 shares as the company’s stock rose 25.63% while stock markets declined. The hedge fund held 21,800 shares of the technology company at the end of 2017Q4, valued at $2.62M, down from 34,500 at the end of the previous reported quarter. Twin Tree Management Lp who had been investing in Red Hat Inc (Put) for a number of months, seems to be less bullish one the $29.33 billion market cap company. The stock increased 0.01% or $0.01 during the last trading session, reaching $165.1. About 1.26M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 26, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.




Private Harbour Investment Management & Counsel Llc decreased its stake in General Electric Co (GE) by 47.01% based on its latest 2017Q4 regulatory filing with the SEC. Private Harbour Investment Management & Counsel Llc sold 39,506 shares as the company’s stock declined 23.20% with the market. The institutional investor held 44,530 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $777,000, down from 84,036 at the end of the previous reported quarter. Private Harbour Investment Management & Counsel Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.07 billion market cap company. The stock increased 0.21% or $0.03 during the last trading session, reaching $14.63. About 49.70M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 26, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Twin Tree Management Lp, which manages about $432.39 million and $13.50 billion US Long portfolio, upped its stake in Walgreens Boots Alliance Inc by 57,676 shares to 60,850 shares, valued at $4.42 million in 2017Q4, according to the filing. It also increased its holding in Douglas Emmett Inc (Put) (NYSE:DEI) by 26,400 shares in the quarter, for a total of 56,200 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Among 40 analysts covering Red Hat (NYSE:RHT), 29 have Buy rating, 1 Sell and 10 Hold. Therefore 73% are positive. Red Hat had 135 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Red Hat, Inc. (NYSE:RHT) has “Market Perform” rating given on Tuesday, March 28 by BMO Capital Markets. Mizuho maintained Red Hat, Inc. (NYSE:RHT) rating on Thursday, December 22. Mizuho has “Buy” rating and $80 target. Evercore upgraded Red Hat, Inc. (NYSE:RHT) on Monday, December 18 to “Buy” rating. As per Thursday, September 22, the company rating was maintained by BMO Capital Markets. The stock of Red Hat, Inc. (NYSE:RHT) earned “Hold” rating by Jefferies on Wednesday, December 20. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, March 27. The firm has “Overweight” rating given on Tuesday, March 27 by Barclays Capital. On Thursday, September 22 the stock rating was maintained by Jefferies with “Hold”. The firm has “Hold” rating given on Tuesday, August 25 by Zacks. The company was maintained on Wednesday, December 20 by BTIG Research.

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It worsened, as 45 investors sold RHT shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported. First Mercantile stated it has 0.14% in Red Hat, Inc. (NYSE:RHT). Roundview Capital Limited Liability Co holds 4,270 shares. The Massachusetts-based Geode Cap Mgmt Ltd Com has invested 0.08% in Red Hat, Inc. (NYSE:RHT). Bessemer Group holds 0% in Red Hat, Inc. (NYSE:RHT) or 2,371 shares. Sg Americas Limited Liability Co holds 0.03% in Red Hat, Inc. (NYSE:RHT) or 29,092 shares. Cookson Peirce And owns 49,150 shares or 0.55% of their US portfolio. Intrust Bancorp Na owns 2,116 shares for 0.08% of their portfolio. Captrust Finance Advsr has invested 0% of its portfolio in Red Hat, Inc. (NYSE:RHT). Arrowstreet Cap Partnership holds 2.14M shares. Stevens Capital Mngmt LP holds 0.12% or 25,962 shares. Moreover, Nelson Van Denburg And Campbell Wealth Limited Liability has 0.04% invested in Red Hat, Inc. (NYSE:RHT). Suntrust Banks invested 0.03% in Red Hat, Inc. (NYSE:RHT). Hwg Limited Partnership has invested 0.24% in Red Hat, Inc. (NYSE:RHT). Clarivest Asset Mgmt Llc, California-based fund reported 6 shares. Dnb Asset As owns 19,046 shares.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 earnings per share, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $87.06M for 84.23 P/E if the $0.49 EPS becomes a reality. After $0.73 actual earnings per share reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Marketwatch.com which released: “GE’s stock selloff started from ‘irrational’ level, analyst says” on May 24, 2018, also Seekingalpha.com with their article: “GE’s Share Slide – A Buying Opportunity” published on May 24, 2018, Seekingalpha.com published: “GE: The Real Problem” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE Deflocks From The S&P 500” published on May 25, 2018 as well as Bizjournals.com‘s news article titled: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” with publication date: May 21, 2018.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It worsened, 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. Da Davidson accumulated 0.38% or 1.05M shares. Mariner Wealth Advsrs Ltd Liability, a Kansas-based fund reported 266,224 shares. Portfolio Strategies holds 0.01% or 170 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 279,541 shares stake. Cadence Bank & Trust Na owns 185,940 shares for 1.19% of their portfolio. Atlantic Trust Group Limited Com has 0.14% invested in General Electric Company (NYSE:GE). Bell Savings Bank holds 0.89% of its portfolio in General Electric Company (NYSE:GE) for 180,915 shares. Fisher Asset Mgmt Ltd Com has 0.49% invested in General Electric Company (NYSE:GE) for 21.37 million shares. Westwood Grp Inc reported 10,641 shares or 0% of all its holdings. Lazard Asset Mgmt Ltd Liability Corp accumulated 0.18% or 5.36M shares. Tortoise Inv Ltd Liability Corporation has 0.04% invested in General Electric Company (NYSE:GE) for 8,769 shares. Park Oh holds 949,512 shares or 0.93% of its portfolio. Schaper Benz Wise Counsel Wi holds 279,858 shares or 0.71% of its portfolio. Mercer Capital Advisers stated it has 0.24% in General Electric Company (NYSE:GE). Davidson Inv reported 454,906 shares.

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

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 20.32 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.

General Electric Company (NYSE:GE) Institutional Positions Chart

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