Gaslog LTD (GLOG) Stock Price Declined While Cohen Capital Management Cut by $500,684 Its Position; As General Electric Co (GE) Market Value Declined, Thomaspartners Lifted Holding by $39.51 Million

February 20, 2018 - By Richard Conner

Thomaspartners Inc increased its stake in General Electric Co (GE) by 25.99% based on its latest 2017Q3 regulatory filing with the SEC. Thomaspartners Inc bought 1.65 million shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 7.98 million shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $192.95 million, up from 6.33 million at the end of the previous reported quarter. Thomaspartners Inc who had been investing in General Electric Co for a number of months, seems to be bullish on the $129.03 billion market cap company. The stock decreased 1.14% or $0.171 during the last trading session, reaching $14.879. About 24.03M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 20, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Cohen Capital Management Inc decreased its stake in Gaslog Ltd. (GLOG) by 8.03% based on its latest 2017Q3 regulatory filing with the SEC. Cohen Capital Management Inc sold 29,452 shares as the company’s stock declined 12.85% while stock markets rallied. The institutional investor held 337,208 shares of the marine transportation company at the end of 2017Q3, valued at $5.88M, down from 366,660 at the end of the previous reported quarter. Cohen Capital Management Inc who had been investing in Gaslog Ltd. for a number of months, seems to be less bullish one the $1.78 billion market cap company. The stock decreased 3.06% or $0.55 during the last trading session, reaching $17.4. About 282,832 shares traded. GasLog Ltd. (NYSE:GLOG) has risen 20.14% since February 20, 2017 and is uptrending. It has outperformed by 3.44% the S&P500.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Sell” rating by Deutsche Bank on Friday, May 12. The firm has “Hold” rating given on Thursday, March 23 by BMO Capital Markets. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Thursday, February 15 with “Hold” rating. Bank of America downgraded General Electric Company (NYSE:GE) rating on Wednesday, April 26. Bank of America has “Neutral” rating and $31 target. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Friday, April 21. Cowen & Co has “Hold” rating and $30 target. As per Tuesday, June 7, the company rating was initiated by Cowen & Co. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, October 10 by . The firm has “Buy” rating by Citigroup given on Monday, October 23. As per Monday, February 12, the company rating was maintained by JP Morgan. The firm has “Hold” rating by Tigress Financial given on Thursday, January 4.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It turned negative, 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. Cubic Asset Management Limited Liability invested 1.58% of its portfolio in General Electric Company (NYSE:GE). Matrix Asset Inc reported 1.4% in General Electric Company (NYSE:GE). 3.62M are owned by Axa. 972,205 are owned by Employees Retirement Of Texas. Community Trust And Investment holds 604,998 shares or 1.57% of its portfolio. Park Circle Com invested 4.77% in General Electric Company (NYSE:GE). Arcadia Invest Mgmt Mi reported 0.11% of its portfolio in General Electric Company (NYSE:GE). Guggenheim Cap Ltd Liability Company has 0.14% invested in General Electric Company (NYSE:GE). Paragon Cap Management Llc stated it has 12,743 shares. Mitsubishi Ufj Tru Banking has invested 0.8% of its portfolio in General Electric Company (NYSE:GE). Harbour Investment Management Ltd Liability Corp holds 52,613 shares. Tradewinds Capital Mgmt Limited Liability accumulated 15,955 shares. Essex Fin Inc reported 505,076 shares. The Pennsylvania-based Pitcairn has invested 0.27% in General Electric Company (NYSE:GE). New England Private Wealth Advisors Ltd stated it has 0.39% in General Electric Company (NYSE:GE).

Since August 22, 2017, it had 1 insider buy, and 0 sales for $43,446 activity. $43,446 worth of General Electric Company (NYSE:GE) was bought by DIMITRIEF ALEXANDER on Friday, January 26.

Thomaspartners Inc, which manages about $4.24B and $12.50B US Long portfolio, decreased its stake in Raytheon Co (NYSE:RTN) by 193,686 shares to 1.16 million shares, valued at $216.36M in 2017Q3, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 4,357 shares in the quarter, leaving it with 226,557 shares, and cut its stake in Illinois Tool Wks Inc (NYSE:ITW).

Cohen Capital Management Inc, which manages about $494.02M and $412.70M US Long portfolio, upped its stake in Buckeye Partners Lp (NYSE:BPL) by 9,800 shares to 103,184 shares, valued at $5.88 million in 2017Q3, according to the filing.

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