Strategic Advisors Trimmed General Electric Co (GE) Stake; ARDEA RESOURCES LTD ORD AUSTRALIA (ARRRF) SI Decreased By 64.45%

February 19, 2018 - By Clifton Ray

Strategic Advisors Llc decreased General Electric Co (GE) stake by 31.12% reported in 2017Q3 SEC filing. Strategic Advisors Llc sold 56,821 shares as General Electric Co (GE)’s stock declined 7.64%. The Strategic Advisors Llc holds 125,750 shares with $3.04 million value, down from 182,571 last quarter. General Electric Co now has $130.52B valuation. The stock increased 1.35% or $0.2 during the last trading session, reaching $15.05. About 64.72 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 19, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

ARDEA RESOURCES LTD ORD AUSTRALIA (OTCMKTS:ARRRF) had a decrease of 64.45% in short interest. ARRRF’s SI was 75,500 shares in February as released by FINRA. Its down 64.45% from 212,400 shares previously. With 362,600 avg volume, 0 days are for ARDEA RESOURCES LTD ORD AUSTRALIA (OTCMKTS:ARRRF)’s short sellers to cover ARRRF’s short positions. The stock increased 0.72% or $0.01 during the last trading session, reaching $1.08. About 18,406 shares traded. Ardea Resources Limited (OTCMKTS:ARRRF) has 0.00% since February 19, 2017 and is . It has underperformed by 16.70% the S&P500.

Ardea Resources Limited engages in the exploration and development of mineral properties. The company has market cap of $95.59 million. It holds interest in the Kalgoorlie nickel project in Western Australia; the Lewis Ponds zinc and gold deposit in New South Wales; and the Mt Zephyr gold and nickel sulphide project in Western Australia. It currently has negative earnings. The firm is based in West Perth, Australia.

Strategic Advisors Llc increased Schwab Us Broad Market (SCHB) stake by 10,882 shares to 221,685 valued at $13.50 million in 2017Q3. It also upped Alphabet Inc stake by 473 shares and now owns 4,504 shares. Bank Of America Corp (NYSE:BAC) was raised too.

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 firm has “Underweight” rating by JP Morgan given on Wednesday, November 1. The firm earned “Market Perform” rating on Monday, April 4 by Bernstein. Vetr downgraded the shares of GE in report on Tuesday, September 22 to “Hold” rating. The firm earned “Outperform” rating on Friday, December 16 by Bernstein. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, October 19. RBC Capital Markets has “Outperform” rating and $32 target. Bank of America maintained General Electric Company (NYSE:GE) rating on Tuesday, November 14. Bank of America has “Buy” rating and $23 target. The firm has “Buy” rating by S&P Research given on Wednesday, October 14. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Monday, July 17. Morgan Stanley has “Equal-Weight” rating and $27 target. The rating was maintained by Stifel Nicolaus on Tuesday, January 30 with “Hold”. The rating was maintained by Oppenheimer on Monday, July 24 with “Hold”.

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