General Electric (GE) Share Price Declined While Excalibur Management Has Cut Its Position by $380,575; As Penske Automotive Group (PAG) Stock Rose, Pacific Global Investment Management Company Has Raised by $364,012 Its Position

June 22, 2018 - By Peter Erickson

General Electric Company (NYSE:GE) Logo

Pacific Global Investment Management Company increased its stake in Penske Automotive Group Inc (PAG) by 13.11% based on its latest 2018Q1 regulatory filing with the SEC. Pacific Global Investment Management Company bought 8,273 shares as the company’s stock rose 0.46% while stock markets declined. The institutional investor held 71,394 shares of the consumer durables company at the end of 2018Q1, valued at $3.17M, up from 63,121 at the end of the previous reported quarter. Pacific Global Investment Management Company who had been investing in Penske Automotive Group Inc for a number of months, seems to be bullish on the $4.32 billion market cap company. The stock decreased 1.03% or $0.53 during the last trading session, reaching $50.88. About 261,519 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has risen 13.29% since June 22, 2017 and is uptrending. It has outperformed by 0.72% the S&P500. Some Historical PAG News: 25/04/2018 – PENSKE AUTOMOTIVE GROUP INC QTRLY TOTAL AUTOMOTIVE RETAIL UNIT VOLUME INCREASED 6.4%; 13/04/2018 – Yahoo! Finance: Hong Kong’s PAG plans up to $6 billion new Asia private equity fund; 25/04/2018 – PENSKE AUTOMOTIVE 1Q REV. $5.7B, EST. $5.32B; 25/04/2018 – Penske Auto 1Q Net $108.1M; 07/05/2018 – Fitch Expects to Rate Penske’s Senior Unsecured Debt ‘BBB+’; 05/03/2018 – S&PGR Rts Penske Truck Leasing Co.’s Prpsd Sr Unsecd Nts ‘BBB’; 25/04/2018 – Penske Automotive Closes Above 200-Day Average: Technicals; 25/04/2018 – Penske Auto 1Q Rev $5.8B; 25/04/2018 – PENSKE AUTOMOTIVE 1Q ADJ EPS CONT OPS $1.25, EST. $1.13; 12/04/2018 – Penske Truck Leasing Takes Part in Upcoming Advanced Clean Transportation (ACT) Expo

Excalibur Management Corp decreased its stake in General Electric (GE) by 22.7% based on its latest 2018Q1 regulatory filing with the SEC. Excalibur Management Corp sold 29,275 shares as the company’s stock declined 0.14% with the market. The institutional investor held 99,664 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $1.34M, down from 128,939 at the end of the previous reported quarter. Excalibur Management Corp who had been investing in General Electric for a number of months, seems to be less bullish one the $110.83 billion market cap company. The stock decreased 0.93% or $0.12 during the last trading session, reaching $12.76. About 70.69M shares traded or 3.80% up from the average. General Electric Company (NYSE:GE) has declined 46.78% since June 22, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 23/05/2018 – GE PRESENTATION AT EPG CONFERENCE ENDS; 03/04/2018 – GE POWER SAYS INSTALLED ADVANCED GAS PATH GAS TURBINE UPGRADE SOLUTION AT IRAQI MINISTRY OF ELECTRICITY’S NAJIBIYA POWER PLANT; 07/03/2018 – Baker Hughes, a GE Company Announces February 2018 Rig Counts; 25/04/2018 – Erie Times-News: Will Wabtec buy GE Transportation?; 16/05/2018 – GE’s Natural Gas Solutions on block via JPM; 09/03/2018 – Singapore News: [CNA] Exclusive: GE explores divesting electrical engineering business; 25/04/2018 – General Electric workers, shareholders protest at annual meeting; 09/05/2018 – GE RENEWABLE ENERGY GETS FIRST CHILE WIND DEAL FOR 6 TURBINES; 21/05/2018 – WABTEC – FOLLOWING DEAL CLOSE, CO’S FREIGHT SEGMENT WILL BE HEADQUARTERED IN CHICAGO; 07/03/2018 – Exclusive – GE EFS looks to sell wind portfolio stake

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric And Its Real Value” on June 21, 2018, also Seekingalpha.com with their article: “GE: A Lesson In How Not To Run A Company – Do Not Buy” published on June 21, 2018, Seekingalpha.com published: “General Electric Vs. Walgreen Outlooks: Why Replaced In The Dow Jones Index?” on June 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “The Fall Of GE And The Rise Of Indexing” published on June 21, 2018 as well as Bizjournals.com‘s news article titled: “GE secures new locomotive order, work coming to Fort Worth” with publication date: June 21, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.17 earnings per share, down 39.29% or $0.11 from last year’s $0.28 per share. GE’s profit will be $1.48B for 18.76 P/E if the $0.17 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

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

Investors sentiment increased to 0.55 in 2018 Q1. Its up 0.05, from 0.5 in 2017Q4. It increased, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Wms Prtn Lc reported 103,023 shares. Hikari Power Ltd accumulated 311,700 shares. 873,312 are owned by Advantus Capital Mngmt. 19,636 are held by Segment Wealth Management Ltd Liability Com. Cedar Hill Assocs holds 373,350 shares. Bsw Wealth Prtnrs holds 0.19% in General Electric Company (NYSE:GE) or 31,627 shares. Winslow Asset Mgmt holds 0.79% of its portfolio in General Electric Company (NYSE:GE) for 304,451 shares. Twin Cap Incorporated owns 602,260 shares or 0.42% of their US portfolio. Wendell David Associates stated it has 0.15% of its portfolio in General Electric Company (NYSE:GE). Commercial Bank Hapoalim Bm has 0.24% invested in General Electric Company (NYSE:GE) for 68,849 shares. Mcf Advisors invested in 0.06% or 22,881 shares. Moreover, Iron Ltd Limited Liability Company has 0.12% invested in General Electric Company (NYSE:GE) for 13,596 shares. Pub Employees Retirement System Of Ohio has invested 0.42% in General Electric Company (NYSE:GE). Sequoia Advsr Llc holds 0.07% of its portfolio in General Electric Company (NYSE:GE) for 49,901 shares. Torch Wealth Mgmt Limited Company invested 0.76% of its portfolio in General Electric Company (NYSE:GE).

Excalibur Management Corp, which manages about $123.00 million US Long portfolio, upped its stake in Berkshire Hathaway (BRKB) by 2,414 shares to 26,730 shares, valued at $5.33 million in 2018Q1, according to the filing. It also increased its holding in Wells Fargo & Co (NYSE:WFC) by 12,842 shares in the quarter, for a total of 20,325 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

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 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by J.P. Morgan on Wednesday, May 30. The firm earned “Buy” rating on Wednesday, October 14 by Stifel Nicolaus. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. The stock has “Hold” rating by Stifel Nicolaus on Friday, April 27. The company was maintained on Monday, February 26 by RBC Capital Markets. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, April 3. The firm earned “Underperform” rating on Tuesday, October 24 by Oppenheimer. The stock has “Hold” rating by Oppenheimer on Monday, July 17. The firm has “Hold” rating by Oppenheimer given on Monday, July 24. Deutsche Bank maintained the stock with “Sell” rating in Monday, October 30 report.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.18, from 1.08 in 2017Q4. It fall, as 29 investors sold PAG shares while 72 reduced holdings. 36 funds opened positions while 55 raised stakes. 35.06 million shares or 1.98% more from 34.38 million shares in 2017Q4 were reported. Royal Bank Of Canada has 14,701 shares. Stifel Corporation holds 0% or 34,858 shares. Burney Communications holds 0.01% or 4,809 shares in its portfolio. Legal And General Public Limited Liability Corporation reported 48,322 shares. New Amsterdam Prtnrs Limited Co owns 57,920 shares or 0.56% of their US portfolio. Northern owns 236,044 shares or 0% of their US portfolio. Pub Employees Retirement Systems Of Ohio reported 53,607 shares or 0.01% of all its holdings. Parametric Port Assoc reported 38,863 shares stake. 9,445 were accumulated by Hsbc Holdg Pcl. Invesco Ltd holds 0% or 41,825 shares. Utah Retirement stated it has 6,600 shares or 0.01% of all its holdings. State Of New Jersey Common Pension Fund D has 154,750 shares. Dreman Value Mgmt L L C invested in 0.02% or 1,010 shares. Tower Capital Limited Co (Trc) has invested 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). 286,024 are held by Prudential Fincl Inc.

Among 10 analysts covering Penske Automotive Group (NYSE:PAG), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Penske Automotive Group had 15 analyst reports since October 14, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, November 13. The company was maintained on Tuesday, October 3 by KeyBanc Capital Markets. The stock has “Overweight” rating by Morgan Stanley on Wednesday, March 14. The firm has “Hold” rating by Gabelli given on Thursday, September 15. Gabelli upgraded the shares of PAG in report on Friday, April 28 to “Buy” rating. Bank of America maintained the stock with “Buy” rating in Friday, February 9 report. The firm earned “Hold” rating on Thursday, August 31 by KeyBanc Capital Markets. Evercore downgraded the shares of PAG in report on Thursday, October 13 to “Sell” rating. Susquehanna initiated the stock with “Positive” rating in Thursday, February 2 report. KeyBanc Capital Markets downgraded the shares of PAG in report on Tuesday, June 28 to “Sector Perform” rating.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>