Squarepoint Ops adds General Electric Company (GE) to its portfolio

General Electric Company (GE) : Squarepoint Ops added new position in General Electric Company during the most recent quarter end. The investment management firm now holds 257,624 shares of General Electric Company which is valued at $8,048,174 , the company said in a statement filed on Aug 15, 2016 with the SEC.General Electric Company makes up approximately 0.60% of Squarepoint Ops’s portfolio.

Other Hedge Funds, Including , Capital Impact Advisors added GE to its portfolio by purchasing 38,640 company shares during the most recent quarter which is valued at $1,207,114. General Electric Company makes up approx 0.53% of Capital Impact Advisors’s portfolio.Atlanta Capital Group boosted its stake in GE in the latest quarter, The investment management firm added 1,565 additional shares and now holds a total of 116,341 shares of General Electric Company which is valued at $3,637,983. General Electric Company makes up approx 0.78% of Atlanta Capital Group’s portfolio.Rothschild Asset Management Inc boosted its stake in GE in the latest quarter, The investment management firm added 115,196 additional shares and now holds a total of 1,367,111 shares of General Electric Company which is valued at $42,558,165. General Electric Company makes up approx 0.74% of Rothschild Asset Management Inc’s portfolio.Huntington National Bank reduced its stake in GE by selling 150,404 shares or 8.26% in the most recent quarter. The Hedge Fund company now holds 1,669,385 shares of GE which is valued at $52,218,363. General Electric Company makes up approx 1.27% of Huntington National Bank’s portfolio.

General Electric Company opened for trading at $30.99 and hit $31.06 on the upside on Wednesday, eventually ending the session at $31.06, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 27,266,887 shares. Company has a market cap of $278,336 M.

On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.Cowen Initiated General Electric Company on Jun 7, 2016 to “Market Perform”, Price Target of the shares are set at $29.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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