Saybrook Capital Cut Its Position in General Elec Co (GE) as Valuation Declined; Tata Motors Limited Sponsored Adr (Each Represents 5 Ordinary Inr2) (TTM) Stake Maintained by Schroder Investment Management Group

April 24, 2018 - By Darrin Black

Tata Motors Limited (NYSE:TTM) Logo

Saybrook Capital decreased its stake in General Elec Co (GE) by 80.13% based on its latest 2017Q4 regulatory filing with the SEC. Saybrook Capital sold 404,512 shares as the company’s stock declined 23.20% with the market. The institutional investor held 100,309 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.75 million, down from 504,821 at the end of the previous reported quarter. Saybrook Capital who had been investing in General Elec Co for a number of months, seems to be less bullish one the $127.27B market cap company. The stock increased 0.94% or $0.14 during the last trading session, reaching $14.66. About 27.15 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 24, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Schroder Investment Management Group increased its stake in Tata Motors Limited Sponsored Adr (Each Represents 5 Ordinary Inr2) (TTM) by 10.07% based on its latest 2017Q4 regulatory filing with the SEC. Schroder Investment Management Group bought 11,710 shares as the company’s stock declined 21.93% with the market. The institutional investor held 128,049 shares of the auto manufacturing company at the end of 2017Q4, valued at $4.24M, up from 116,339 at the end of the previous reported quarter. Schroder Investment Management Group who had been investing in Tata Motors Limited Sponsored Adr (Each Represents 5 Ordinary Inr2) for a number of months, seems to be bullish on the $16.01B market cap company. The stock decreased 0.85% or $0.21 during the last trading session, reaching $24.64. About 568,448 shares traded. Tata Motors Limited (NYSE:TTM) has declined 28.90% since April 24, 2017 and is downtrending. It has underperformed by 40.45% the S&P500.

Schroder Investment Management Group, which manages about $42.96 billion and $61.10B US Long portfolio, decreased its stake in Helmerich & Payne Incorporated Common Stock Usd0.10 (NYSE:HP) by 360,335 shares to 88,651 shares, valued at $5.73 million in 2017Q4, according to the filing. It also reduced its holding in Regal Entertainment Group Class ‘A’ Common Stock Usd0.001 (NYSE:RGC) by 284,340 shares in the quarter, leaving it with 2,100 shares, and cut its stake in Magna International Incorporated Sub (NYSE:MGA).

Among 7 analysts covering TTM Tech (NYSE:TTM), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. TTM Tech had 14 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, November 8 by Credit Suisse. The company was upgraded on Monday, August 10 by Stifel Nicolaus. The rating was upgraded by Bernstein on Monday, November 21 to “Outperform”. The rating was upgraded by Stifel Nicolaus on Friday, August 25 to “Buy”. The rating was downgraded by Credit Suisse on Monday, June 27 to “Neutral”. The firm earned “Mkt Perform” rating on Friday, September 9 by Bernstein. The firm earned “Sell” rating on Monday, November 23 by Goldman Sachs. The firm has “Outperform” rating by Bernstein given on Tuesday, November 3. The firm has “Buy” rating given on Monday, January 11 by Stifel Nicolaus. The firm earned “Equal-Weight” rating on Thursday, August 10 by Morgan Stanley.

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 100 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Wednesday, October 14 with “Buy”. The firm has “Hold” rating by Standpoint Research given on Thursday, June 29. The stock has “Perform” rating by Oppenheimer on Monday, September 21. On Monday, July 17 the stock rating was maintained by Cowen & Co with “Hold”. Credit Suisse maintained General Electric Company (NYSE:GE) on Wednesday, April 12 with “Buy” rating. On Wednesday, April 11 the stock rating was maintained by Cowen & Co with “Hold”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, April 24 report. Langenberg upgraded the shares of GE in report on Monday, November 13 to “Buy” rating. The firm has “Underweight” rating given on Wednesday, November 1 by JP Morgan. On Monday, September 11 the stock rating was maintained by Deutsche Bank with “Sell”.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.19, from 0.69 in 2017Q3. It fall, 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. Counselors reported 421,939 shares. Cranbrook Wealth Ltd invested in 5,984 shares. Lehman Financial Resource holds 0.32% in General Electric Company (NYSE:GE) or 35,151 shares. Vanguard Group Inc Inc Inc holds 613.68M shares. 12,311 were accumulated by Iron Fincl Limited Liability Co. Mcrae Management accumulated 30,948 shares. Ci Invs accumulated 159 shares. Sarasin & Partners Llp reported 24,735 shares. New York-based Adirondack Inc has invested 0.19% in General Electric Company (NYSE:GE). Point72 Asset Ltd Partnership invested in 100,000 shares. 40,405 were reported by Renaissance Grp Inc Limited Liability Com. Jfs Wealth Advisors Ltd Llc has 11,400 shares for 0.05% of their portfolio. Lafayette Invs Inc has invested 0.1% of its portfolio in General Electric Company (NYSE:GE). Palisade Asset Mngmt Limited Liability Company reported 1.02% stake. Texas Yale Capital, a Florida-based fund reported 45,436 shares.

Saybrook Capital, which manages about $216.24M US Long portfolio, upped its stake in Kraft Heinz Co by 7,196 shares to 65,836 shares, valued at $5.12M in 2017Q4, according to the filing. It also increased its holding in Sherwin (NYSE:SHW) by 1,000 shares in the quarter, for a total of 6,200 shares, and has risen its stake in Mondelez Intl Inc Cl A (NASDAQ:MDLZ).

General Electric Company (NYSE:GE) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>