Transocean LTD (RIG) Shareholder Liberty Mutual Group Asset Management Has Raised Its Stake by $834,680 as Stock Price Declined; Glenview State Bank Trust Has Trimmed Position in General Electric Co (GE) by $1.17 Million as Share Price Declined

May 22, 2018 - By Kurt Siggers

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Glenview State Bank Trust decreased its stake in General Electric Co (GE) by 51.37% based on its latest 2017Q4 regulatory filing with the SEC. Glenview State Bank Trust sold 68,737 shares as the company’s stock declined 23.20% with the market. The institutional investor held 65,079 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.14M, down from 133,816 at the end of the previous reported quarter. Glenview State Bank Trust who had been investing in General Electric Co for a number of months, seems to be less bullish one the $132.80 billion market cap company. The stock increased 0.20% or $0.03 during the last trading session, reaching $15.29. About 64.05 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 22, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Liberty Mutual Group Asset Management Inc increased its stake in Transocean Ltd (RIG) by 527.11% based on its latest 2017Q4 regulatory filing with the SEC. Liberty Mutual Group Asset Management Inc bought 83,468 shares as the company’s stock declined 4.92% with the market. The institutional investor held 99,303 shares of the oil & gas production company at the end of 2017Q4, valued at $1.06M, up from 15,835 at the end of the previous reported quarter. Liberty Mutual Group Asset Management Inc who had been investing in Transocean Ltd for a number of months, seems to be bullish on the $6.26B market cap company. The stock decreased 1.35% or $0.19 during the last trading session, reaching $13.56. About 13.83 million shares traded. Transocean Ltd. (NYSE:RIG) has declined 18.26% since May 22, 2017 and is downtrending. It has underperformed by 29.81% the S&P500.

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. Greenleaf Trust has invested 0.02% in General Electric Company (NYSE:GE). Koshinski Asset Mngmt invested in 0.31% or 70,963 shares. Cadence Capital Lc, Massachusetts-based fund reported 377,563 shares. Stillwater Cap Ltd has 352,407 shares. Blair William & Il accumulated 0.21% or 1.81 million shares. Cornerstone Ltd Co has invested 0.25% in General Electric Company (NYSE:GE). Insight 2811 invested in 44,468 shares or 0.57% of the stock. Maine-based Hm Payson And Co has invested 0.42% in General Electric Company (NYSE:GE). 13,424 were accumulated by Inv Ptnrs Ltd Oh Adv. Fjarde Ap has invested 0.66% in General Electric Company (NYSE:GE). Sva Plumb Wealth Ltd Liability holds 164,838 shares. First Natl Tru reported 311,927 shares. Apg Asset Nv accumulated 18.01 million shares. Aristotle Capital Mngmt Lc invested in 0.46% or 3.76 million shares. Page Arthur B has 30,652 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Bizjournals.com which released: “GE merges its locomotive business in $11B deal. What’s the Fort Worth impact?” on May 21, 2018, also Seekingalpha.com with their article: “3D printing for the military at GE” published on May 02, 2018, Marketwatch.com published: “GE nears $20 billion deal to sell transportation unit to Wabtec: report” on May 21, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Bizjournals.com and their article: “GE Healthcare partners with California startup on body fat app for athletes” published on May 22, 2018 as well as Finance.Yahoo.com‘s news article titled: “Tuesday’s Vital Data: General Electric Company (GE), Micron Technology, Inc. (MU) and Chesapeake Energy …” with publication date: May 22, 2018.

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 had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Vetr on Wednesday, August 26. The stock has “Hold” rating by Stifel Nicolaus on Sunday, December 10. The firm has “Buy” rating by Citigroup given on Thursday, January 21. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Tuesday, June 13 with “Buy” rating. The rating was maintained by Citigroup on Thursday, January 25 with “Buy”. S&P Research maintained it with “Buy” rating and $54 target in Monday, August 17 report. The company was maintained on Monday, November 30 by RBC Capital Markets. As per Monday, October 23, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Oppenheimer to “Perform” on Monday, September 21. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, December 28 by Tigress Financial.

Glenview State Bank Trust, which manages about $216.84 million US Long portfolio, upped its stake in Becton Dickinson Co (NYSE:BDX) by 3,958 shares to 10,898 shares, valued at $2.33M in 2017Q4, according to the filing.

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 21.24 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.

More important recent Transocean Ltd. (NYSE:RIG) news were published by: Seekingalpha.com which released: “Transocean: Well Positioned For Ultra-Deepwater Recovery” on May 21, 2018, also Finance.Yahoo.com published article titled: “Is It The Right Time To Buy Transocean Ltd (NYSE:RIG)?”, Seekingalpha.com published: “Trade War Relief Rally – Cramer’s Mad Money (5/21/18)” on May 22, 2018. More interesting news about Transocean Ltd. (NYSE:RIG) was released by: Seekingalpha.com and their article: “Transocean – On Its Way To Recovery” with publication date: May 08, 2018.

Liberty Mutual Group Asset Management Inc, which manages about $3.42 billion US Long portfolio, decreased its stake in Wisdomtree Tr (DXJ) by 187,659 shares to 1.17 million shares, valued at $69.27M in 2017Q4, according to the filing. It also reduced its holding in Constellation Brands Inc (NYSE:STZ) by 2,133 shares in the quarter, leaving it with 6,851 shares, and cut its stake in General Dynamics Corp (NYSE:GD).

General Electric Company (NYSE:GE) Institutional Positions Chart

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