Martingale Asset Management LP Decreased Natl Presto Inds (NPK) Holding by $336,600; Stock Value Declined; Clear Harbor Asset Management Has Trimmed Its Holding in General Electric Co (GE) by $587,214

May 16, 2018 - By Adrian Erickson

General Electric Company (NYSE:GE) Logo

Clear Harbor Asset Management Llc decreased its stake in General Electric Co (GE) by 68.14% based on its latest 2017Q4 regulatory filing with the SEC. Clear Harbor Asset Management Llc sold 34,542 shares as the company’s stock declined 23.20% with the market. The institutional investor held 16,154 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $282,000, down from 50,696 at the end of the previous reported quarter. Clear Harbor Asset Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.98 billion market cap company. The stock increased 2.52% or $0.37 during the last trading session, reaching $15.08. About 32.38M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 16, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Martingale Asset Management LP decreased its stake in Natl Presto Inds Inc (NPK) by 10.46% based on its latest 2017Q4 regulatory filing with the SEC. Martingale Asset Management LP sold 3,400 shares as the company’s stock declined 1.99% with the market. The institutional investor held 29,102 shares of the capital goods company at the end of 2017Q4, valued at $2.90 million, down from 32,502 at the end of the previous reported quarter. Martingale Asset Management LP who had been investing in Natl Presto Inds Inc for a number of months, seems to be less bullish one the $737.82M market cap company. The stock increased 2.62% or $2.7 during the last trading session, reaching $105.75. About 45,905 shares traded. National Presto Industries, Inc. (NYSE:NPK) has declined 0.02% since May 16, 2017 and is downtrending. It has underperformed by 11.57% the S&P500.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: The Bottom Appears To Be In; Near-Term Upside Potential 35-50%” on May 15, 2018, also Seekingalpha.com with their article: “General Electric: Down 77% And Still Overpriced” published on April 18, 2018, Seekingalpha.com published: “GE Is No Bargain At $14” on May 02, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s Big Payout” published on May 15, 2018 as well as 247Wallst.com‘s news article titled: “Why General Electric Earnings Are Brightening Investors’ Morning” with publication date: April 20, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Monday, August 7. Cowen & Co has “Hold” rating and $2400 target. Morgan Stanley downgraded General Electric Company (NYSE:GE) on Monday, October 23 to “Underweight” rating. Cowen & Co initiated the shares of GE in report on Tuesday, June 7 with “Market Perform” rating. The company was maintained on Monday, April 9 by J.P. Morgan. The stock has “Buy” rating by TheStreet on Wednesday, August 26. The firm has “Hold” rating by Cowen & Co given on Friday, April 21. The rating was downgraded by Bank of America on Wednesday, April 26 to “Neutral”. JP Morgan maintained General Electric Company (NYSE:GE) on Monday, February 12 with “Underweight” rating. The company was maintained on Friday, July 7 by Stifel Nicolaus. Vertical Research maintained it with “Hold” rating and $18.0 target in Tuesday, January 16 report.

Since January 26, 2018, it had 1 insider purchase, and 0 selling transactions for $43,446 activity.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.94 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Raab Moskowitz Asset Management Ltd holds 108,872 shares or 0.92% of its portfolio. Cornerstone Capital, a California-based fund reported 14,140 shares. New York-based Community Bank & Trust Na has invested 0.52% in General Electric Company (NYSE:GE). Dorsey & Whitney Tru Lc reported 256,550 shares. Badgley Phelps And Bell Inc reported 22,830 shares or 0.03% of all its holdings. Shelton Management holds 68,427 shares. Icon Advisers Inc stated it has 0.05% of its portfolio in General Electric Company (NYSE:GE). Eagle Ridge Invest Mgmt owns 37,906 shares. Dana Inv Advsr holds 50,660 shares or 0.04% of its portfolio. Burney Commerce holds 0.05% in General Electric Company (NYSE:GE) or 50,248 shares. Windsor Cap Mgmt Ltd Company has 0.26% invested in General Electric Company (NYSE:GE). 2,442 were reported by Solutions Ltd Liability Co. Moreover, Lumbard Kellner Limited Co has 0.15% invested in General Electric Company (NYSE:GE) for 16,700 shares. 23.22M are held by New York State Common Retirement Fund. Hbk Sorce Advisory Limited Liability Com holds 0.33% or 158,980 shares in its portfolio.

Clear Harbor Asset Management Llc, which manages about $493.82M and $531.63 million US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 10,685 shares to 32,742 shares, valued at $2.44M in 2017Q4, according to the filing. It also increased its holding in Matador Res Co (NYSE:MTDR) by 27,069 shares in the quarter, for a total of 146,545 shares, and has risen its stake in Mckesson Corp (NYSE:MCK).

Martingale Asset Management L P, which manages about $2.91 billion and $7.54 billion US Long portfolio, upped its stake in Arris International Plc by 61,000 shares to 245,174 shares, valued at $6.30 million in 2017Q4, according to the filing. It also increased its holding in Caci Int’l Cl A (NYSE:CACI) by 5,104 shares in the quarter, for a total of 17,611 shares, and has risen its stake in Zimmer Biomet Holdings Inc (ZMH).

Investors sentiment decreased to 1.03 in Q4 2017. Its down 0.50, from 1.53 in 2017Q3. It dropped, as 13 investors sold NPK shares while 45 reduced holdings. 23 funds opened positions while 37 raised stakes. 4.02 million shares or 9.00% more from 3.69 million shares in 2017Q3 were reported. Hsbc Holdings Public Ltd Company has 0% invested in National Presto Industries, Inc. (NYSE:NPK). New Jersey-based Bessemer Group has invested 0% in National Presto Industries, Inc. (NYSE:NPK). Voya Mngmt Ltd Liability holds 0% of its portfolio in National Presto Industries, Inc. (NYSE:NPK) for 9,530 shares. Burney Co has 59,400 shares for 0.33% of their portfolio. Moreover, Eagle Asset has 0.02% invested in National Presto Industries, Inc. (NYSE:NPK) for 41,653 shares. The New York-based Ny State Common Retirement Fund has invested 0% in National Presto Industries, Inc. (NYSE:NPK). Ameritas Inv Prtnrs Inc accumulated 420 shares. 45 were accumulated by Loomis Sayles L P. Rk Asset Mngmt Ltd holds 7.19% in National Presto Industries, Inc. (NYSE:NPK) or 85,685 shares. Rhumbline Advisers reported 9,756 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 390 shares. Goldman Sachs Group Inc owns 20,494 shares for 0% of their portfolio. Advisory Services Net Lc invested in 0.01% or 1,078 shares. Deroy & Devereaux Private Investment Counsel Inc has invested 0.02% in National Presto Industries, Inc. (NYSE:NPK). Aqr Capital Mgmt Limited Liability Co, a Connecticut-based fund reported 33,444 shares.

Since March 20, 2018, it had 2 insider purchases, and 0 sales for $29,955 activity. CARDOZO RICHARD N also bought $19,970 worth of National Presto Industries, Inc. (NYSE:NPK) on Tuesday, March 20.

General Electric Company (NYSE:GE) Institutional Positions Chart

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