Change Path LLC purchased a new stake in General Electric (NYSE:GE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,004 shares of the conglomerate’s stock, valued at approximately $75,000.

A number of other hedge funds have also modified their holdings of GE. Mackay Shields LLC lifted its position in shares of General Electric by 0.4% during the 4th quarter. Mackay Shields LLC now owns 1,507,695 shares of the conglomerate’s stock worth $11,413,000 after purchasing an additional 6,164 shares during the last quarter. Fairfax Financial Holdings Ltd Can lifted its position in shares of General Electric by 29.7% during the 4th quarter. Fairfax Financial Holdings Ltd Can now owns 1,390,900 shares of the conglomerate’s stock worth $10,529,000 after purchasing an additional 318,200 shares during the last quarter. SevenBridge Financial Group LLC lifted its position in shares of General Electric by 100.4% during the 4th quarter. SevenBridge Financial Group LLC now owns 4,193 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 2,101 shares during the last quarter. Financial Advisors LLC purchased a new stake in shares of General Electric during the 4th quarter worth $346,000. Finally, DDD Partners LLC purchased a new stake in shares of General Electric during the 4th quarter worth $1,174,000. 58.60% of the stock is owned by institutional investors.

Shares of NYSE:GE opened at $9.56 on Friday. General Electric has a 12 month low of $6.66 and a 12 month high of $14.72. The company has a current ratio of 1.77, a quick ratio of 1.50 and a debt-to-equity ratio of 1.62. The firm has a market cap of $86.48 billion, a P/E ratio of 14.71, a P/E/G ratio of 2.26 and a beta of 0.99.

General Electric (NYSE:GE) last announced its quarterly earnings results on Tuesday, April 30th. The conglomerate reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. General Electric had a negative net margin of 14.65% and a positive return on equity of 10.32%. The firm had revenue of $27.29 billion for the quarter, compared to analyst estimates of $27.31 billion. During the same period last year, the business earned $0.16 EPS. General Electric’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts expect that General Electric will post 0.61 EPS for the current fiscal year.

Several research firms have recently issued reports on GE. Deutsche Bank lifted their price objective on shares of General Electric from $8.00 to $11.00 and gave the stock a “positive” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Cowen reaffirmed a “hold” rating and set a $8.00 price objective on shares of General Electric in a research report on Tuesday, February 26th. Gabelli reaffirmed a “buy” rating on shares of General Electric in a research report on Tuesday, February 26th. Bank of America reiterated a “hold” rating and set a $11.00 price target on shares of General Electric in a research note on Thursday, January 31st. Finally, Zacks Investment Research lowered shares of General Electric from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.11.

In other General Electric news, insider Russell Stokes sold 49,904 shares of General Electric stock in a transaction on Monday, March 11th. The shares were sold at an average price of $9.93, for a total value of $495,546.72. Following the transaction, the insider now directly owns 265,986 shares in the company, valued at $2,641,240.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.13% of the company’s stock.

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General Electric Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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