Holderness Investments Co Lowers stake in General Electric Company (GE)

General Electric Company (GE) : Holderness Investments Co reduced its stake in General Electric Company by 0.46% during the most recent quarter end. The investment management company now holds a total of 81,687 shares of General Electric Company which is valued at $2.4 Million after selling 378 shares in General Electric Company , the firm said in a disclosure report filed with the SEC on May 11, 2016.General Electric Company makes up approximately 2.33% of Holderness Investments Co’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in GE by selling 57,404 shares or 3.78% in the most recent quarter. The Hedge Fund company now holds 1,459,921 shares of GE which is valued at $43.3 Million. General Electric Company makes up approx 1.05% of Shell Asset Management Co’s portfolio.Confluence Investment Management boosted its stake in GE in the latest quarter, The investment management firm added 13,778 additional shares and now holds a total of 1,629,263 shares of General Electric Company which is valued at $49.1 Million. General Electric Company makes up approx 1.46% of Confluence Investment Management’s portfolio.Nordea Investment Management Ab boosted its stake in GE in the latest quarter, The investment management firm added 376,496 additional shares and now holds a total of 1,760,949 shares of General Electric Company which is valued at $54.1 Million. General Electric Company makes up approx 0.16% of Nordea Investment Management Ab’s portfolio.Van Hulzen Asset Management boosted its stake in GE in the latest quarter, The investment management firm added 806 additional shares and now holds a total of 209,934 shares of General Electric Company which is valued at $6.5 Million. General Electric Company makes up approx 3.69% of Van Hulzen Asset Management’s portfolio. Concorde Asset Management sold out all of its stake in GE during the most recent quarter. The investment firm sold 7,884 shares of GE which is valued $242,433.

General Electric Company opened for trading at $29.55 and hit $30.13 on the upside on Monday, eventually ending the session at $29.96, with a gain of 1.08% or 0.32 points. The heightened volatility saw the trading volume jump to 2,56,98,303 shares. Company has a market cap of $275,502 M.

On the company’s financial health, General Electric Company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $0.19. The company had revenue of $27597.00 million for the quarter, compared to analysts expectations of $27966.34 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on General Electric Company. General Electric Company was Resumed by JP Morgan to “Underweight” on May 12, 2016. Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .Shares were Reiterated by Stifel on Apr 26, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .

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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