As Mitek Sys (MITK) Share Value Declined, Archon Capital Management Has Upped by $2.08 Million Its Position; Investment Partners LTD Has Decreased Its General Electric Co (GE) Stake by $459,357; Stock Price Declined

May 19, 2018 - By Hazel Jackson

Mitek Systems, Inc. (NASDAQ:MITK) Logo

Constantinos J. Christofilis increased its stake in Mitek Sys Inc (MITK) by 46.38% based on its latest 2017Q4 regulatory filing with the SEC. Archon Capital Management Llc bought 260,041 shares as the company’s stock declined 18.33% with the market. The hedge fund run by Constantinos J. Christofilis held 820,736 shares of the technology company at the end of 2017Q4, valued at $7.35 million, up from 560,695 at the end of the previous reported quarter. Archon Capital Management Llc who had been investing in Mitek Sys Inc for a number of months, seems to be bullish on the $301.51 million market cap company. The stock decreased 1.15% or $0.1 during the last trading session, reaching $8.6. About 175,805 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has risen 16.67% since May 19, 2017 and is uptrending. It has outperformed by 5.12% the S&P500.

Investment Partners Ltd decreased its stake in General Electric Co (GE) by 66.81% based on its latest 2017Q4 regulatory filing with the SEC. Investment Partners Ltd sold 27,021 shares as the company’s stock declined 23.20% with the market. The institutional investor held 13,424 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $234,000, down from 40,445 at the end of the previous reported quarter. Investment Partners Ltd who had been investing in General Electric Co for a number of months, seems to be less bullish one the $130.02B market cap company. The stock decreased 0.40% or $0.06 during the last trading session, reaching $14.97. About 34.36 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 19, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of General Electric Company (NYSE:GE) earned “Sell” rating by J.P. Morgan on Monday, April 9. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, July 10. RBC Capital Markets has “Buy” rating and $3500 target. As per Wednesday, August 26, the company rating was upgraded by Vetr. The stock has “Outperform” rating by RBC Capital Markets on Monday, November 30. The firm has “Underweight” rating by JP Morgan given on Monday, February 12. The rating was downgraded by Oppenheimer on Monday, September 21 to “Perform”. RBC Capital Markets maintained General Electric Company (NYSE:GE) on Monday, January 25 with “Outperform” rating. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Monday, June 12. Cowen & Co has “Hold” rating and $3000 target. Credit Suisse maintained General Electric Company (NYSE:GE) on Monday, November 23 with “Outperform” rating. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, October 11.

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. Shanda Asset Management Holdings Ltd reported 2.70 million shares stake. M&R Mngmt holds 64,518 shares. Price Michael F, New York-based fund reported 4,000 shares. Private Asset Management reported 493,768 shares. Kanawha Cap Mgmt Limited Company reported 313,780 shares. Campbell Newman Asset Mngmt owns 70,273 shares for 0.21% of their portfolio. Stephens Ar holds 493,153 shares or 0.32% of its portfolio. Country Club Tru Na, a Missouri-based fund reported 296,505 shares. Quantitative Investment Lc holds 2.09M shares or 0.54% of its portfolio. Creative Planning holds 0.09% or 1.24M shares in its portfolio. 1.72M were accumulated by South Dakota Investment Council. Cedar Hill Assoc Ltd Llc holds 1.27% of its portfolio in General Electric Company (NYSE:GE) for 417,885 shares. Frontier Invest Mgmt stated it has 38,147 shares or 0.06% of all its holdings. Moreover, Howe Rusling has 0.37% invested in General Electric Company (NYSE:GE). Family Firm holds 19,900 shares.

Since January 26, 2018, it had 1 insider buy, and 0 insider sales for $43,446 activity.

More notable recent General Electric Company (NYSE:GE) news were published by: Benzinga.com which released: “Analyst: Wabtec A Buy On Potential GE Synergies” on April 23, 2018, also Livetradingnews.com with their article: “General Electric Company (NYSE:GE) Stock Worth Watching” published on May 18, 2018, Seekingalpha.com published: “Gabelli on GE: ‘There is a way out'” on May 14, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Benzinga.com and their article: “GE’s Earnings Beat Fails To Change This Bear Analyst’s Mind” published on April 20, 2018 as well as Seekingalpha.com‘s news article titled: “3D printing for the military at GE” with publication date: May 02, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56 billion for 20.79 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment increased to 1.47 in Q4 2017. Its up 0.04, from 1.43 in 2017Q3. It improved, as 14 investors sold MITK shares while 24 reduced holdings. 19 funds opened positions while 37 raised stakes. 14.76 million shares or 5.30% more from 14.02 million shares in 2017Q3 were reported. 103,385 are held by Bnp Paribas Arbitrage. Mufg Americas reported 0% in Mitek Systems, Inc. (NASDAQ:MITK). Paw Capital Corporation reported 3.94% stake. M&T Bancshares Corp reported 40,000 shares. 19,003 were reported by Domini Impact Invests Ltd Co. Moreover, Comml Bank Of Montreal Can has 0% invested in Mitek Systems, Inc. (NASDAQ:MITK) for 21,162 shares. 268,251 are held by Geode Management Lc. S Squared Techs Lc owns 362,483 shares for 2.96% of their portfolio. Sg Americas Securities Ltd Llc stated it has 18,036 shares or 0% of all its holdings. Goldman Sachs Grp Inc has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Balyasny Asset Ltd Com stated it has 22,424 shares or 0% of all its holdings. Trexquant Inv Lp has invested 0.02% in Mitek Systems, Inc. (NASDAQ:MITK). Citigroup Inc accumulated 3,105 shares. New York State Common Retirement Fund has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Highbridge Capital Management Limited Liability Co has invested 0.01% in Mitek Systems, Inc. (NASDAQ:MITK).

Among 5 analysts covering Mitek Systems (NASDAQ:MITK), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mitek Systems had 12 analyst reports since January 8, 2016 according to SRatingsIntel. The firm has “Outperform” rating by Northland Capital given on Monday, January 25. Roth Capital maintained it with “Buy” rating and $11.75 target in Thursday, November 2 report. The rating was maintained by Roth Capital on Friday, June 9 with “Buy”. The rating was maintained by Northland Capital with “Buy” on Tuesday, July 25. As per Wednesday, July 19, the company rating was maintained by Roth Capital. As per Wednesday, October 4, the company rating was maintained by Northland Capital. Northland Capital maintained Mitek Systems, Inc. (NASDAQ:MITK) on Wednesday, August 30 with “Buy” rating. The firm has “Buy” rating by National Securities given on Friday, March 9. The rating was maintained by Roth Capital on Friday, July 28 with “Buy”. Benchmark initiated the stock with “Buy” rating in Friday, January 8 report.

General Electric Company (NYSE:GE) Institutional Positions Chart

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