Glacier Peak Capital Holding In Ashford Hospitality Prime In (AHP) Was Lifted; Merriman Wealth Management Cut Its General Electric Co (GE) Position as Share Value Declined

May 18, 2018 - By Louis Casey

General Electric Company (NYSE:GE) Logo

Merriman Wealth Management Llc decreased its stake in General Electric Co (GE) by 50.1% based on its latest 2017Q4 regulatory filing with the SEC. Merriman Wealth Management Llc sold 93,638 shares as the company’s stock declined 23.20% with the market. The institutional investor held 93,262 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.63 million, down from 186,900 at the end of the previous reported quarter. Merriman Wealth Management Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.54B market cap company. It closed at $15.03 lastly. It is down 54.35% since May 18, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Glacier Peak Capital Llc increased its stake in Ashford Hospitality Prime In (AHP) by 38.18% based on its latest 2017Q4 regulatory filing with the SEC. Glacier Peak Capital Llc bought 76,117 shares as the company’s stock declined 6.23% with the market. The hedge fund held 275,467 shares of the consumer services company at the end of 2017Q4, valued at $2.68M, up from 199,350 at the end of the previous reported quarter. Glacier Peak Capital Llc who had been investing in Ashford Hospitality Prime In for a number of months, seems to be bullish on the $383.13 million market cap company. The stock increased 0.29% or $0.03 during the last trading session, reaching $10.38. About 274,699 shares traded. Ashford Hospitality Prime, Inc. (NYSE:AHP) has declined 8.76% since May 18, 2017 and is downtrending. It has underperformed by 20.31% the S&P500.

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 $1.56 billion for 20.88 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.

Merriman Wealth Management Llc, which manages about $1.58 billion and $409.69M US Long portfolio, upped its stake in Select Sector Spdr Tr (XLY) by 6,919 shares to 14,300 shares, valued at $1.41 million in 2017Q4, according to the filing. It also increased its holding in Ak Stl Hldg Corp (NYSE:AKS) by 165,500 shares in the quarter, for a total of 3.18 million shares, and has risen its stake in Vanguard Intl Equity Index F (VWO).

More notable recent General Electric Company (NYSE:GE) news were published by: Fool.com which released: “How General Electric Has Changed in the Last 2 Years” on May 16, 2018, also Seekingalpha.com with their article: “3D printing for the military at GE” published on May 02, 2018, Fool.com published: “5 Lessons to Learn From General Electric’s Long Slump” on May 18, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: Finally, It’s Over” published on April 23, 2018 as well as Businesswire.com‘s news article titled: “GE Unveils Cross-Fleet Gas Turbine Capabilities That Can Increase Performance and Reliability of Other OEM Fleets” with publication date: May 16, 2018.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It worsened, 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. Umb Natl Bank N A Mo invested 0.12% of its portfolio in General Electric Company (NYSE:GE). 199,056 are held by Oarsman Cap. Hollencrest Capital Mgmt has invested 0.28% of its portfolio in General Electric Company (NYSE:GE). Indiana Inv Mngmt Com reported 0.62% stake. The Texas-based Chilton Capital Mgmt Ltd Company has invested 0.07% in General Electric Company (NYSE:GE). Wharton Business Gp reported 10,774 shares. Alyeska Investment Gru LP stated it has 8.55M shares or 1.28% of all its holdings. Arrowmark Colorado Hldgs has invested 0% in General Electric Company (NYSE:GE). And Mgmt Communications owns 80,927 shares. Smithbridge Asset Inc De invested in 45,331 shares or 0.5% of the stock. Da Davidson Com owns 1.05M shares for 0.38% of their portfolio. Reliance Of Delaware holds 0.52% or 198,594 shares in its portfolio. Budros Ruhlin Roe invested in 0.21% or 43,303 shares. Moreover, California State Teachers Retirement System has 0.58% invested in General Electric Company (NYSE:GE). Loomis Sayles And Lp reported 40,741 shares.

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

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 has $67 highest and $1100 lowest target. $24.91’s average target is 65.74% above currents $15.03 stock price. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 21 by Citigroup. The rating was initiated by Cowen & Co with “Market Perform” on Tuesday, June 7. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Thursday, February 15. Stifel Nicolaus has “Hold” rating and $15.0 target. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, July 17 with “Hold” rating. The stock has “Underweight” rating by Morgan Stanley on Monday, October 23. On Thursday, March 29 the stock rating was maintained by J.P. Morgan with “Sell”. The rating was maintained by Credit Suisse on Thursday, October 5 with “Outperform”. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Stifel Nicolaus on Sunday, December 10. As per Tuesday, April 3, the company rating was maintained by Stifel Nicolaus. Deutsche Bank downgraded the stock to “Sell” rating in Friday, May 12 report.

Among 6 analysts covering Ashford Hospitality Prime (NYSE:AHP), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Ashford Hospitality Prime has $21 highest and $10.0 lowest target. $14.25’s average target is 37.28% above currents $10.38 stock price. Ashford Hospitality Prime had 24 analyst reports since August 10, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Outperform” rating in Friday, November 4 report. JMP Securities downgraded the shares of AHP in report on Monday, January 11 to “Mkt Perform” rating. On Friday, July 22 the stock rating was maintained by FBR Capital with “Outperform”. As per Friday, April 7, the company rating was maintained by JMP Securities. The rating was maintained by JMP Securities on Tuesday, August 11 with “Market Outperform”. Robert W. Baird downgraded it to “Underperform” rating and $15.0 target in Thursday, January 7 report. The stock of Ashford Hospitality Prime, Inc. (NYSE:AHP) earned “Hold” rating by Canaccord Genuity on Sunday, June 25. The stock of Ashford Hospitality Prime, Inc. (NYSE:AHP) earned “Sell” rating by Zacks on Monday, August 10. As per Sunday, August 6, the company rating was maintained by Canaccord Genuity. As per Wednesday, March 8, the company rating was maintained by FBR Capital.

Another recent and important Ashford Hospitality Prime, Inc. (NYSE:AHP) news was published by Prnewswire.com which published an article titled: “Ashford Prime Announces Rebranding To Braemar Hotels & Resorts” on April 23, 2018.

General Electric Company (NYSE:GE) Institutional Positions Chart

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