As Consol Energy (CNX) Stock Declined, Raffles Associates LP Lifted Holding by $720,000; Horan Capital Management Lowered Its General Electric Co (GE) Stake by $321,552; Stock Price Declined

January 18, 2018 - By Vivian Currie

Raffles Associates Lp increased its stake in Consol Energy Inc (CNX) by 16.67% based on its latest 2017Q3 regulatory filing with the SEC. Raffles Associates Lp bought 45,000 shares as the company’s stock declined 5.08% while stock markets rallied. The hedge fund held 315,000 shares of the coal mining company at the end of 2017Q3, valued at $5.34 million, up from 270,000 at the end of the previous reported quarter. Raffles Associates Lp who had been investing in Consol Energy Inc for a number of months, seems to be bullish on the $3.30 billion market cap company. The stock decreased 1.14% or $0.17 during the last trading session, reaching $14.71. About 1.21M shares traded. CNX Resources Corporation (NYSE:CNX) has risen 22.10% since January 18, 2017 and is uptrending. It has outperformed by 5.40% the S&P500.

Horan Capital Management decreased its stake in General Electric Co (GE) by 2.55% based on its latest 2017Q3 regulatory filing with the SEC. Horan Capital Management sold 13,398 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 511,500 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $12.37M, down from 524,898 at the end of the previous reported quarter. Horan Capital Management who had been investing in General Electric Co for a number of months, seems to be less bullish one the $146.30B market cap company. The stock decreased 2.77% or $0.48 during the last trading session, reaching $16.87. About 133.31 million shares traded or 54.07% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 18, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Since August 8, 2017, it had 2 insider purchases, and 1 insider sale for $4.48 million activity. Shares for $2.66M were bought by Flannery John Leonard on Tuesday, August 8. Another trade for 100,000 shares valued at $2.46M was bought by TISCH JAMES S.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51B for 14.54 P/E if the $0.29 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It fall, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Next Finance Group Inc owns 94,786 shares. Monetary Mgmt Gp owns 20,077 shares or 0.2% of their US portfolio. Ibm Retirement Fund holds 1.05% of its portfolio in General Electric Company (NYSE:GE) for 215,551 shares. Moreover, Northrock Partners Limited Liability Company has 0.1% invested in General Electric Company (NYSE:GE). Logan Capital Mgmt holds 859,866 shares or 1.49% of its portfolio. Ruffer Llp has 35,800 shares for 0.04% of their portfolio. Middleton And Inc Ma reported 0.47% stake. Ls Inv Advsr Limited Liability Com invested in 359,621 shares. Choate Invest Advsrs has invested 0.52% in General Electric Company (NYSE:GE). First Business Services owns 8,770 shares or 0.04% of their US portfolio. Prtn Cap Management Limited invested in 0.84% or 181,187 shares. Louisiana State Employees Retirement Sys reported 540,600 shares or 0.61% of all its holdings. Greenwood Gearhart Inc accumulated 213,458 shares or 1.86% of the stock. Hbk Sorce Advisory Lc has 0.64% invested in General Electric Company (NYSE:GE) for 174,549 shares. Aull And Monroe Investment Management reported 122,602 shares.

Horan Capital Management, which manages about $446.88 million and $481.22 million US Long portfolio, upped its stake in Nike Class B (NYSE:NKE) by 33,859 shares to 42,532 shares, valued at $2.21M in 2017Q3, according to the filing. It also increased its holding in Bristol (NYSE:BMY) by 5,075 shares in the quarter, for a total of 247,956 shares, and has risen its stake in Schwab Us Aggregate Bond Etf (SCHZ).

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, August 26, the company rating was upgraded by Vetr. As per Thursday, January 21, the company rating was initiated by Citigroup. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by BMO Capital Markets on Thursday, March 23. RBC Capital Markets maintained the stock with “Buy” rating in Monday, July 10 report. The rating was downgraded by Oppenheimer on Monday, September 21 to “Perform”. Bernstein upgraded the stock to “Outperform” rating in Friday, December 16 report. As per Wednesday, September 16, the company rating was upgraded by Credit Suisse. Stifel Nicolaus maintained the shares of GE in report on Wednesday, October 14 with “Buy” rating. The firm earned “Hold” rating on Tuesday, October 24 by Stifel Nicolaus. On Friday, July 7 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.45, from 0.95 in 2017Q2. It improved, as 32 investors sold CNX shares while 59 reduced holdings. 35 funds opened positions while 92 raised stakes. 211.81 million shares or 4.96% less from 222.88 million shares in 2017Q2 were reported. Cubist Systematic Strategies Ltd Co accumulated 0.02% or 26,246 shares. Jennison Ltd Liability owns 942,424 shares. Tci Wealth Advsr holds 0% of its portfolio in CNX Resources Corporation (NYSE:CNX) for 452 shares. Teacher Retirement Of Texas stated it has 15,234 shares. Clearbridge Limited Liability owns 0.94% invested in CNX Resources Corporation (NYSE:CNX) for 2.57 million shares. Citigroup stated it has 85,891 shares. Engineers Gate Manager LP invested in 18,702 shares. Highlander Capital Mgmt Llc holds 0.33% or 24,650 shares in its portfolio. Bluecrest Cap Limited invested in 0.05% or 77,505 shares. The Maryland-based Proshare Advsrs Ltd Limited Liability Company has invested 0% in CNX Resources Corporation (NYSE:CNX). Valley National Advisers Incorporated holds 0% or 500 shares in its portfolio. Cetera Advisor Limited Co has 0.02% invested in CNX Resources Corporation (NYSE:CNX). California Pub Employees Retirement Sys holds 628,546 shares or 0.02% of its portfolio. S&Co Incorporated holds 0.05% or 24,000 shares in its portfolio. Glenmede Tru Na has invested 0% of its portfolio in CNX Resources Corporation (NYSE:CNX).

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