Shapiro Capital Management Raised General Electric Com (GE) Holding By $627.35 Million; Shorts at SVENSKA HANDELSBANKEN AB PUBL OR (SVNLF) Lowered By 2.69%

February 18, 2018 - By Marie Mckinney

Shapiro Capital Management Llc increased General Electric Com (GE) stake by 137.51% reported in 2017Q3 SEC filing. Shapiro Capital Management Llc acquired 25,945 shares as General Electric Com (GE)’s stock declined 7.64%. The Shapiro Capital Management Llc holds 44,813 shares with $1.08B value, up from 18,868 last quarter. General Electric Com now has $130.52B valuation. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 18, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

SVENSKA HANDELSBANKEN AB PUBL OR (OTCMKTS:SVNLF) had a decrease of 2.69% in short interest. SVNLF’s SI was 9.84M shares in February as released by FINRA. Its down 2.69% from 10.11 million shares previously. With 600 avg volume, 16394 days are for SVENSKA HANDELSBANKEN AB PUBL OR (OTCMKTS:SVNLF)’s short sellers to cover SVNLF’s short positions. It closed at $14 lastly. It is down 0.00% since February 18, 2017 and is . It has underperformed by 16.70% the S&P500.




Since August 22, 2017, it had 1 buy, and 0 selling transactions for $43,446 activity. Another trade for 2,689 shares valued at $43,446 was bought by DIMITRIEF ALEXANDER. TISCH JAMES S bought $2.46M worth of stock or 100,000 shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 14 by Stifel Nicolaus. Langenberg upgraded General Electric Company (NYSE:GE) rating on Monday, November 13. Langenberg has “Buy” rating and $25 target. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, March 23 report. The firm has “Perform” rating given on Monday, September 21 by Oppenheimer. As per Thursday, January 21, the company rating was initiated by Citigroup. The company was maintained on Monday, January 25 by RBC Capital Markets. Bernstein downgraded General Electric Company (NYSE:GE) rating on Monday, April 4. Bernstein has “Market Perform” rating and $34 target. The stock has “Hold” rating by Tigress Financial on Thursday, January 4. The firm has “Underweight” rating by JP Morgan given on Wednesday, November 1. The company was maintained on Monday, October 23 by Citigroup.

Shapiro Capital Management Llc decreased Catalent Inc. (NYSE:CTLT) stake by 773,426 shares to 893,734 valued at $35.68B in 2017Q3. It also reduced Usg Corporation (NYSE:USG) stake by 65,178 shares and now owns 4.81M shares. Pfizer Inc. (NYSE:PFE) was reduced too.

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