As Newmont Mining (NEM) Stock Rose, American Trust Investment Advisors Has Lifted Position by $466,385; Bonness Enterprises Decreased Its Holding in General Electric Co (GE) by $411,400

May 23, 2018 - By Clifton Ray

General Electric Company (NYSE:GE) Logo

Bonness Enterprises Inc decreased its stake in General Electric Co (GE) by 12.82% based on its latest 2017Q4 regulatory filing with the SEC. Bonness Enterprises Inc sold 24,200 shares as the company’s stock declined 23.20% with the market. The institutional investor held 164,578 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $2.87 million, down from 188,778 at the end of the previous reported quarter. Bonness Enterprises Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.81 billion market cap company. The stock decreased 4.51% or $0.69 during the last trading session, reaching $14.6. About 45.15M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

American Trust Investment Advisors Llc increased its stake in Newmont Mining Corp (NEM) by 39.4% based on its latest 2017Q4 regulatory filing with the SEC. American Trust Investment Advisors Llc bought 12,605 shares as the company’s stock rose 5.72% while stock markets declined. The institutional investor held 44,595 shares of the precious metals company at the end of 2017Q4, valued at $1.67 million, up from 31,990 at the end of the previous reported quarter. American Trust Investment Advisors Llc who had been investing in Newmont Mining Corp for a number of months, seems to be bullish on the $21.04 billion market cap company. The stock increased 1.69% or $0.65 during the last trading session, reaching $39.44. About 1.76M shares traded. Newmont Mining Corporation (NYSE:NEM) has risen 15.10% since May 23, 2017 and is uptrending. It has outperformed by 3.55% the S&P500.

Since January 26, 2018, it had 1 insider buy, and 0 sales for $43,446 activity.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It is negative, 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. Boston Prns has 371,276 shares for 0.01% of their portfolio. Kistler invested in 77,126 shares or 0.53% of the stock. Blb&B Advsrs Limited Company holds 0.94% in General Electric Company (NYSE:GE) or 376,878 shares. Shine Advisory Serv holds 0.18% or 20,223 shares. Wells Fargo Mn holds 43.17 million shares or 0.22% of its portfolio. Edge Wealth Mngmt Llc reported 468,487 shares. Penobscot Invest Com Inc has invested 0.39% in General Electric Company (NYSE:GE). Condor Capital Management holds 24,276 shares. Gateway Investment Advisers Ltd Com invested in 4.82 million shares. 350,566 were reported by Communications Of Virginia Va. Ascend Capital Llc holds 0.1% of its portfolio in General Electric Company (NYSE:GE) for 155,000 shares. Moreover, Green Square Cap has 0.07% invested in General Electric Company (NYSE:GE). 1.63 million are owned by Scotia. State Bank Of Stockton holds 0.16% of its portfolio in General Electric Company (NYSE:GE) for 22,386 shares. Tiaa Cref Ltd Liability has 27.04M shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.28 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

More notable recent General Electric Company (NYSE:GE) news were published by: Streetinsider.com which released: “General Electric (GE) PT Raised to $15 at Cowen” on May 23, 2018, also Fool.com with their article: “General Electric’s Transformation Gains Steam With Wabtec Deal” published on May 23, 2018, Seekingalpha.com published: “General Electric’s Death Could Be Best For Shareholders” on April 25, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Finance.Yahoo.com and their article: “Tuesday’s Vital Data: General Electric Company (GE), Micron Technology, Inc. (MU) and Chesapeake Energy …” published on May 22, 2018 as well as Livetradingnews.com‘s news article titled: “General Electric Company (NYSE:GE) Stock Worth Watching” with publication date: May 22, 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 103 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, January 24, the company rating was maintained by CFRA. CFRA maintained the shares of GE in report on Monday, May 21 with “Hold” rating. JP Morgan maintained General Electric Company (NYSE:GE) on Wednesday, November 1 with “Underweight” rating. Cowen & Co maintained it with “Hold” rating and $24.0 target in Thursday, October 19 report. The firm has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Wednesday, October 14. Stifel Nicolaus has “Buy” rating and $39.0 target. The company was maintained on Thursday, March 29 by J.P. Morgan. The stock of General Electric Company (NYSE:GE) has “Positive” rating given on Thursday, March 23 by RBC Capital Markets. DZ Bank downgraded the stock to “Hold” rating in Friday, January 26 report. The company was maintained on Thursday, October 6 by Morgan Stanley.

More news for Newmont Mining Corporation (NYSE:NEM) were recently published by: Seekingalpha.com, which released: “Newmont Mining: Solid As Gold” on May 02, 2018. Investorplace.com‘s article titled: “Top 20 Gold Stocks to Buy Despite Irrational Markets” and published on May 21, 2018 is yet another important article.

Among 25 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 1 Sell and 11 Hold. Therefore 52% are positive. Newmont Mining Corporation had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Friday, March 11. The firm has “Neutral” rating given on Tuesday, December 1 by Citigroup. The rating was upgraded by Scotia Capital on Tuesday, September 1 to “Outperform”. The stock of Newmont Mining Corporation (NYSE:NEM) has “Outperform” rating given on Thursday, August 13 by BMO Capital Markets. Jefferies maintained it with “Hold” rating and $42 target in Thursday, July 14 report. The firm has “Buy” rating by Bank of America given on Wednesday, January 27. The firm earned “Neutral” rating on Monday, April 18 by Clarkson Platou. The stock has “Buy” rating by BMO Capital Markets on Monday, September 25. BMO Capital Markets maintained Newmont Mining Corporation (NYSE:NEM) on Tuesday, November 14 with “Buy” rating. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Buy” rating by Scotia Capital on Monday, January 15.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.34, from 1.4 in 2017Q3. It dropped, as 38 investors sold NEM shares while 178 reduced holdings. 70 funds opened positions while 160 raised stakes. 428.87 million shares or 0.38% more from 427.26 million shares in 2017Q3 were reported. The France-based Capital Fund Sa has invested 0.26% in Newmont Mining Corporation (NYSE:NEM). Tiedemann Wealth Mgmt Limited Liability holds 5,933 shares or 0.02% of its portfolio. The United Kingdom-based Legal & General Public Limited Company has invested 0.09% in Newmont Mining Corporation (NYSE:NEM). Bb&T Secs Llc has invested 0.01% in Newmont Mining Corporation (NYSE:NEM). Caisse De Depot Et Placement Du Quebec owns 146,700 shares or 0.01% of their US portfolio. Aperio Group Limited reported 0.07% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Neuberger Berman Gp Inc Limited Liability Corporation has 2.15M shares for 0.09% of their portfolio. Moreover, Teachers Retirement Of The State Of Kentucky has 0.03% invested in Newmont Mining Corporation (NYSE:NEM). Massmutual Tru Fsb Adv has invested 0.13% in Newmont Mining Corporation (NYSE:NEM). Fny Managed Accounts Ltd Liability Corporation invested in 0.01% or 238 shares. Pr Herzig & Inc owns 49,200 shares. Systematic Finance Limited Partnership invested 0.33% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Adage Capital Prtnrs Grp Limited Liability Com holds 0.06% or 752,700 shares. Tobam owns 650,906 shares. Blume Cap Mngmt owns 405 shares for 0.01% of their portfolio.

General Electric Company (NYSE:GE) Institutional Positions Chart

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