General Electric Co (GE) Stock Value Declined While Oppenheimer Asset Management Has Decreased Its Stake; As Shire Plc A D R (SHPG) Share Price Rose, Lumbard & Kellner Has Upped by $1.30 Million Its Position

January 14, 2018 - By Darrin Black

Lumbard & Kellner Llc increased its stake in Shire Plc A D R (SHPG) by 46.86% based on its latest 2017Q3 regulatory filing with the SEC. Lumbard & Kellner Llc bought 8,515 shares as the company’s stock rose 4.45% with the market. The institutional investor held 26,685 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $4.09M, up from 18,170 at the end of the previous reported quarter. Lumbard & Kellner Llc who had been investing in Shire Plc A D R for a number of months, seems to be bullish on the $42.72 billion market cap company. The stock decreased 0.58% or $0.86 during the last trading session, reaching $147.55. About 1.10M shares traded. Shire plc (NASDAQ:SHPG) has risen 4.69% since January 14, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Oppenheimer Asset Management Inc decreased its stake in General Electric Co (GE) by 29.2% based on its latest 2017Q3 regulatory filing with the SEC. Oppenheimer Asset Management Inc sold 203,405 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 493,139 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $11.93M, down from 696,544 at the end of the previous reported quarter. Oppenheimer Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69 billion market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08 million shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 25 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. Shire plc (ADR) had 63 analyst reports since July 22, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $225.0 target in Friday, October 27 report. The company was upgraded on Monday, September 21 by Barclays Capital. RBC Capital Markets maintained the shares of SHPG in report on Monday, October 2 with “Buy” rating. The stock of Shire plc (NASDAQ:SHPG) earned “Hold” rating by HSBC on Thursday, July 6. Stifel Nicolaus maintained Shire plc (NASDAQ:SHPG) rating on Friday, October 6. Stifel Nicolaus has “Buy” rating and $245.0 target. SunTrust maintained the stock with “Buy” rating in Thursday, October 26 report. The rating was upgraded by HSBC to “Hold” on Wednesday, September 30. The firm has “Overweight” rating given on Friday, May 20 by JP Morgan. The rating was maintained by RBC Capital Markets on Wednesday, June 7 with “Buy”. The firm has “Buy” rating given on Wednesday, December 20 by Jefferies.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is 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. Hrt Fincl Ltd Com reported 30,737 shares or 0.92% of all its holdings. 16,456 are held by Summit Fincl Wealth Advisors Ltd Co. Rand Wealth Ltd Llc has 1.28% invested in General Electric Company (NYSE:GE) for 458,362 shares. Inv Of Virginia Ltd stated it has 2.06% of its portfolio in General Electric Company (NYSE:GE). Auxier Asset Mngmt reported 17,618 shares. California-based Granite Invest Prns Limited Liability has invested 0.14% in General Electric Company (NYSE:GE). Benchmark Advisors stated it has 36,800 shares. Dorsey Whitney Lc accumulated 1.44% or 300,273 shares. Blue Financial Capital Inc reported 42,929 shares or 0.64% of all its holdings. Reilly Fin Advsrs Limited Liability Company reported 27,415 shares. Signaturefd Ltd Liability Corporation reported 103,317 shares stake. Sandy Spring Financial Bank reported 209,371 shares. Northern Cap Management Ltd Llc holds 1.49% in General Electric Company (NYSE:GE) or 199,709 shares. Portfolio Solutions Ltd Llc holds 0.01% in General Electric Company (NYSE:GE) or 2,720 shares. Bancorporation Of Hawaii reported 0.65% of its portfolio in General Electric Company (NYSE:GE).

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan maintained the stock with “Sell” rating in Monday, October 9 report. maintained the stock with “Buy” rating in Monday, October 10 report. The stock has “Outperform” rating by RBC Capital Markets on Monday, October 19. The stock has “Hold” rating by Cowen & Co on Monday, August 7. Morgan Stanley maintained the shares of GE in report on Tuesday, July 25 with “Equal-Weight” rating. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Deutsche Bank on Monday, October 30. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, April 24 report. The company was downgraded on Friday, July 21 by CFRA. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by Standpoint Research on Friday, July 22. As per Monday, April 4, the company rating was downgraded by Bernstein.

Oppenheimer Asset Management Inc, which manages about $12.85 billion and $3.85B US Long portfolio, upped its stake in Packaging Corp Amer (NYSE:PKG) by 2,893 shares to 27,408 shares, valued at $3.14 million in 2017Q3, according to the filing. It also increased its holding in Marten Trans Ltd (NASDAQ:MRTN) by 49,254 shares in the quarter, for a total of 106,589 shares, and has risen its stake in Pinnacle Finl Partners Inc (NASDAQ:PNFP).

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