Torray LLC Increased Stake in General Electric (GE) as Shares Declined

May 16, 2018 - By Andrea Pope

General Electric Company (NYSE:GE) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.5. That’s change of 0.19, from 2017Q3’s 0.69. 153 investors sold all, 921 reduced holdings as GE ratio is negative. 383 increased positions while 151 funds acquired positions. Funds hold 4.69 billion shares thus 0.29% less from 2017Q3’s 4.70 billion shares. Pitcairn holds 0.15% or 85,434 shs. Tctc Limited Liability Corporation reported 0.6% in General Electric Company (NYSE:GE). Grassi Investment Mngmt accumulated 54,900 shs or 0.16% of the stock. Blb&B Lc reported 376,878 shs or 0.94% of all its holdings. Provise Management Grp Ltd Liability Company stated it has 0.5% in General Electric Company (NYSE:GE). Gulf Bankshares (Uk) Limited invested 0.61% in General Electric Company (NYSE:GE). Proffitt Goodson Incorporated owns 73,774 shs. Wedgewood Investors Inc Pa has 0.27% invested in General Electric Company (NYSE:GE). Putnam Fl Mgmt Company has 55,977 shs. Gateway Advisers Ltd Llc has 4.82 million shs for 0.72% of their capital. Premier Asset Limited Liability, Illinois-based fund reported 56,925 shs. Eagle Asset Incorporated, Florida-based fund reported 928,581 shs. Pring Turner Grp holds 0.32% of its capital in General Electric Company (NYSE:GE) for 16,950 shs. Private Wealth Advisors owns 153,206 shs. Adirondack Rech & Mngmt holds 27,717 shs or 0.19% of its capital.

GE had 0 selling transactions and 1 insider purchase since January 26, 2018. This’s net activity of $43,446.

Torray Llc increased its holdings by 34.99% in General Electric (GE), according to 2017Q4 SEC form. 196,224 shares were bought by Torray Llc as the company’s stock declined 23.20% with the market. The consumer electronics and appliances company announced $13.21 million value for the 2017Q4. Now the institutional investor is holding 756,999 shares, compared to the 560,775 from the previous quarter. Torray Llc has cut its stake in and also reduced its holding in Unitedhealth Group (NYSE:UNH) by 20,810 shares in the quarter, for a total of 37,079 shares.

For more General Electric Company (NYSE:GE) news brought out briefly go to: Seekingalpha.com, Seekingalpha.com, Fool.com, 247Wallst.com or Businesswire.com. The titles are as follows: “General Electric’s Death Could Be Best For Shareholders” brought out on April 25, 2018, “Gabelli on GE: ‘There is a way out'” on May 14, 2018, “How General Electric Has Changed in the Last 2 Years” with a publish date: May 16, 2018, “Why General Electric Earnings Are Brightening Investors’ Morning” and the last “GE Expands Its Innovative Advanced Gas Path Technology to Fifth Gas Turbine Fleet and Announces First Adoption in …” with publication date: May 16, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Total analysts of 16 have positions in General Electric (NYSE:GE) as follows: 3 rated it a “Buy”, 4 with “Sell” and 9 with “Hold”. The positive are 19%. Since November 21, 2017 according to StockzIntelligence Inc General Electric has 25 analyst reports. On Thursday, March 29 the firm has “Sell” rating by J.P. Morgan given. On Monday, January 22 the firm has “Hold” rating given by Bank of America. On Monday, February 12 JP Morgan maintained the shares of GE in report with “Underweight” rating. In Tuesday, January 16 report Vertical Research maintained it with “Hold” rating and $18.0 target. On Wednesday, January 24 the rating was maintained by CFRA with “Hold”. On Thursday, January 4 the rating was maintained by Tigress Financial with “Hold”. On Tuesday, April 3 the company was maintained by Stifel Nicolaus. The company rating was maintained by Cowen & Co on Wednesday, April 11. On Tuesday, January 30 Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating. Stifel Nicolaus has “Hold” rating and $17 target. On Friday, April 27 the company was maintained by Stifel Nicolaus.

General Electric Company (NYSE:GE) Institutional Investors Chart

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