California State Teachers Retirement System Has Cut Its General Electric Co (GE) Position by $30.48 Million

January 20, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It fall, 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. Factory Mutual holds 0.97% or 3.66M shares. Boston Management invested in 148,538 shares or 1.84% of the stock. Goelzer Invest Mgmt holds 0.36% or 127,339 shares in its portfolio. Intrust Bank & Trust Na invested in 100,290 shares or 0.79% of the stock. Capwealth Advsr Ltd Liability Company reported 427,549 shares or 1.99% of all its holdings. Citadel Advsrs Ltd, Illinois-based fund reported 1.38M shares. Northstar Asset Management Limited Co has invested 0.55% in General Electric Company (NYSE:GE). Illinois-based Pekin Singer Strauss Asset Mngmt Il has invested 0.65% in General Electric Company (NYSE:GE). Weatherly Asset Mgmt Ltd Partnership has 1.04% invested in General Electric Company (NYSE:GE) for 161,858 shares. Allen Investment Mngmt Lc has invested 0.2% of its portfolio in General Electric Company (NYSE:GE). Old Point Fincl Ser N A reported 2.84% stake. Linscomb Williams accumulated 282,438 shares. Dorsey And Whitney Trust Limited stated it has 1.44% of its portfolio in General Electric Company (NYSE:GE). The Connecticut-based Altrinsic Global Advisors Limited Liability Corporation has invested 1.78% in General Electric Company (NYSE:GE). Jones Lllp, Missouri-based fund reported 133,505 shares.

Since August 8, 2017, it had 2 insider purchases, and 1 sale for $4.48 million activity. Flannery John Leonard also bought $2.66M worth of General Electric Company (NYSE:GE) shares. TISCH JAMES S bought 100,000 shares worth $2.46M.

California State Teachers Retirement System decreased its stake in General Electric Co (GE) by 7.67% based on its latest 2017Q3 regulatory filing with the SEC. California State Teachers Retirement System sold 1.27 million shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 15.28M shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $369.40 million, down from 16.55 million at the end of the previous reported quarter. California State Teachers Retirement System who had been investing in General Electric Co for a number of months, seems to be less bullish one the $141.01B market cap company. The stock decreased 3.04% or $0.51 during the last trading session, reaching $16.26. About 214.95M shares traded or 136.20% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 20, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

California State Teachers Retirement System, which manages about $45.16 billion US Long portfolio, upped its stake in Liberty Media Corp Liberty C by 177,280 shares to 313,081 shares, valued at $11.93M in 2017Q3, according to the filing. It also increased its holding in Digital Realty Trust Inc (NYSE:DLR) by 46,922 shares in the quarter, for a total of 343,536 shares, and has risen its stake in Alere Inc (NYSE:ALR).

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “GE: There Is No Joy In Mudville” on January 19, 2018, also Forbes.com with their article: “General Electric Should Defy Wall Street Pressure To Break Up” published on January 19, 2018, Seekingalpha.com published: “General Electric And Pandora’s Box” on January 20, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Cnbc.com and their article: “Beware the ‘black hole’ that is GE, market watcher warns” published on January 18, 2018 as well as Cnbc.com‘s news article titled: “GE shares crater as breakup won’t be a magic bullet for investors” with publication date: January 17, 2018.

General Electric Company (NYSE:GE) Ratings Coverage

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, October 10, the company rating was maintained by . The stock has “Hold” rating by Cowen & Co on Monday, July 17. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 14. The rating was maintained by S&P Research with “Buy” on Monday, August 17. The firm has “Hold” rating by Oppenheimer given on Monday, July 24. On Monday, October 23 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by Bank of America given on Tuesday, November 14. As per Thursday, December 28, the company rating was maintained by Tigress Financial. The rating was maintained by Vertical Research with “Hold” on Tuesday, January 16. The stock of General Electric Company (NYSE:GE) has “Outperform” rating given on Thursday, October 5 by Credit Suisse.

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