Two Sigma Advisers Lp buys $157,393,815 stake in Baker Hughes Incorporated (BHI)

Baker Hughes Incorporated (BHI) : Two Sigma Advisers Lp scooped up 111,489 additional shares in Baker Hughes Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,668,144 shares of Baker Hughes Incorporated which is valued at $157,393,815.Baker Hughes Incorporated makes up approximately 0.67% of Two Sigma Advisers Lp’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild (suisse) S.a. reduced its stake in BHI by selling 1,900 shares or 31.15% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of BHI which is valued at $247,758. Baker Hughes Incorporated makes up approx 0.08% of Edmond De Rothschild (suisse) S.a.’s portfolio.Credit Agricole S A reduced its stake in BHI by selling 42,864 shares or 29.54% in the most recent quarter. The Hedge Fund company now holds 102,249 shares of BHI which is valued at $6,070,523. Baker Hughes Incorporated makes up approx 0.02% of Credit Agricole S A’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in BHI in the latest quarter, The investment management firm added 1,734 additional shares and now holds a total of 56,992 shares of Baker Hughes Incorporated which is valued at $3,311,805. Baker Hughes Incorporated makes up approx 0.03% of Bnp Paribas Investment Partners S.a.’s portfolio.Mutual Of America Capital Management reduced its stake in BHI by selling 1,814 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 69,837 shares of BHI which is valued at $3,803,323. Baker Hughes Incorporated makes up approx 0.08% of Mutual Of America Capital Management’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in BHI in the latest quarter, The investment management firm added 1,958 additional shares and now holds a total of 64,316 shares of Baker Hughes Incorporated which is valued at $3,563,106. Baker Hughes Incorporated makes up approx 0.09% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Baker Hughes Incorporated closed down -0.37 points or -0.60% at $60.86 with 29,96,054 shares getting traded on Monday. Post opening the session at $61.22, the shares hit an intraday low of $60.32 and an intraday high of $61.235 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Baker Hughes Incorporated reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $-0.44. The company had revenue of $2353.00 million for the quarter, compared to analysts expectations of $2415.87 million. The company’s revenue was down -37.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.

Many Wall Street Analysts have commented on Baker Hughes Incorporated. Baker Hughes Incorporated was Downgraded by Raymond James to ” Outperform” on Nov 1, 2016. Company shares were Reiterated by Scotia Howard Weil on Oct 27, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 62 from a previous price target of $56 .Company shares were Upgraded by Cowen on Oct 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $47 .

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services products technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals and process and pipeline services. It conducts its operations through subsidiaries affiliates ventures and alliances. The Company has four geographical operating segments: North America Latin America Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment which includes the downstream chemicals business and the process and pipeline services business. The Company’s Integrated Operations is focused on the execution of projects that have attributes such as project management well site supervision well construction intervention third-party contractor management procurement and rig management.

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