Third Point Reinsurance LTD (TPRE) Holder Kelso & Company LP Cut Its Stake as Share Price Declined; As General Electric Company (GE) Valuation Declined, Highlander Capital Management Has Lifted Stake by $1.17 Million

April 17, 2018 - By Michael Collier

General Electric Company (NYSE:GE) Logo

Highlander Capital Management Llc increased its stake in General Electric Company (GE) by 172.53% based on its latest 2017Q4 regulatory filing with the SEC. Highlander Capital Management Llc bought 68,975 shares as the company’s stock declined 23.20% with the market. The institutional investor held 108,954 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.90 million, up from 39,979 at the end of the previous reported quarter. Highlander Capital Management Llc who had been investing in General Electric Company for a number of months, seems to be bullish on the $115.75B market cap company. The stock decreased 1.19% or $0.16 during the last trading session, reaching $13.33. About 58.28 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Kelso & Company Lp decreased its stake in Third Point Reinsurance Ltd. (TPRE) by 60% based on its latest 2017Q4 regulatory filing with the SEC. Kelso & Company Lp sold 15.00 million shares as the company’s stock declined 7.89% with the market. The hedge fund held 10.00M shares of the property-casualty insurers company at the end of 2017Q4, valued at $146.50M, down from 25.00 million at the end of the previous reported quarter. Kelso & Company Lp who had been investing in Third Point Reinsurance Ltd. for a number of months, seems to be less bullish one the $1.35B market cap company. The stock increased 1.53% or $0.2 during the last trading session, reaching $13.3. About 398,457 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 19.15% since April 17, 2017 and is uptrending. It has outperformed by 7.60% the S&P500.

Since March 20, 2018, it had 0 insider buys, and 1 insider sale for $1.47 million activity.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on May, 3. They expect $-0.22 EPS, down 122.45% or $1.20 from last year’s $0.98 per share. After $0.41 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts -153.66% negative EPS growth.

Investors sentiment increased to 3.26 in Q4 2017. Its up 1.02, from 2.24 in 2017Q3. It improved, as 12 investors sold TPRE shares while 22 reduced holdings. 34 funds opened positions while 77 raised stakes. 151.48 million shares or 90.11% more from 79.68 million shares in 2017Q3 were reported. Products Prtnrs Limited Liability Company invested in 0.02% or 49,892 shares. Gsa Capital Ltd Liability Partnership accumulated 0.02% or 23,763 shares. Quantbot Techs LP reported 4,288 shares. Manufacturers Life The owns 66,228 shares or 0% of their US portfolio. Voya Investment Mgmt Lc invested 0.01% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Northern Trust invested in 1.13M shares or 0% of the stock. Bluecrest Capital Limited reported 10,885 shares stake. Ajo Lp reported 0.03% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Commercial Bank Of America De owns 1.58M shares for 0% of their portfolio. Piedmont Investment Advsr Ltd Liability Co holds 0.01% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE) for 17,984 shares. Pnc Fin Svcs Gru Incorporated holds 427 shares. Wells Fargo And Mn invested 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Alliancebernstein Limited Partnership reported 363,480 shares or 0% of all its holdings. Assetmark Inc invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Axa holds 385,200 shares.

Among 6 analysts covering Third Point Reinsurance (NYSE:TPRE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Third Point Reinsurance had 14 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) earned “Outperform” rating by Keefe Bruyette & Woods on Monday, May 8. Keefe Bruyette & Woods maintained it with “Buy” rating and $16.5 target in Tuesday, October 10 report. Compass Point maintained it with “Buy” rating and $16.0 target in Wednesday, September 2 report. Wood maintained the stock with “Market Perform” rating in Thursday, October 1 report. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 3 with “Buy”. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) earned “Buy” rating by Bank of America on Tuesday, April 3. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, December 4 report. The rating was maintained by Keefe Bruyette & Woods on Friday, September 8 with “Buy”. Morgan Stanley maintained Third Point Reinsurance Ltd. (NYSE:TPRE) on Friday, November 10 with “Equal-Weight” rating. The rating was downgraded by Keefe Bruyette & Woods on Monday, October 16 to “Hold”.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Cowen & Co on Tuesday, June 7 with “Market Perform”. The firm has “Buy” rating by TheStreet given on Tuesday, July 21. The firm has “Underperform” rating by Oppenheimer given on Tuesday, October 24. Bank of America maintained the stock with “Buy” rating in Tuesday, November 14 report. The rating was maintained by Stifel Nicolaus on Sunday, December 10 with “Hold”. The firm has “Buy” rating by TheStreet given on Wednesday, August 26. The stock has “Buy” rating by RBC Capital Markets on Monday, July 10. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, February 26 with “Hold” rating. The stock has “Hold” rating by UBS on Tuesday, January 23. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Thursday, March 29 by J.P. Morgan.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It turned negative, 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. Teachers Retirement Sys Of The State Of Kentucky reported 0.19% in General Electric Company (NYSE:GE). Axa, France-based fund reported 3.94M shares. Rosenblum Silverman Sutton S F Ca reported 0.67% in General Electric Company (NYSE:GE). Guggenheim Capital Ltd has invested 0.15% in General Electric Company (NYSE:GE). Moreover, Anchor Capital Advisors Limited Liability Corporation has 0.01% invested in General Electric Company (NYSE:GE). Fifth Third Bancshares invested 0.43% of its portfolio in General Electric Company (NYSE:GE). Northside Cap Limited Liability Co reported 38,321 shares. Bokf Na invested in 634,362 shares. Gardner Russo And Gardner Limited Liability Com reported 0% in General Electric Company (NYSE:GE). Benin Corporation holds 135,725 shares or 0.95% of its portfolio. Moreover, Usca Ria Ltd Liability Corporation has 0.23% invested in General Electric Company (NYSE:GE) for 119,965 shares. Kings Point Capital Management owns 0.04% invested in General Electric Company (NYSE:GE) for 11,237 shares. Jpmorgan Chase And owns 0.13% invested in General Electric Company (NYSE:GE) for 35.67M shares. Fny Managed Accounts Limited Liability Company holds 392,004 shares or 6.27% of its portfolio. Inv Mngmt Of Virginia Ltd Limited Liability Company invested in 0.58% or 141,052 shares.

General Electric Company (NYSE:GE) Institutional Positions Chart

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