Ladenburg Thalmann Financial Services Inc. Takes Position in Baker Hughes, a GE company Class A (NYSE:BHGE)

Ladenburg Thalmann Financial Services Inc. acquired a new stake in Baker Hughes, a GE company Class A (NYSE:BHGE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,102 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ValueAct Holdings L.P. bought a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $1,150,154,000. American Century Companies Inc. bought a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $219,160,000. TCW Group Inc. bought a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $139,949,000. Bank of New York Mellon Corp bought a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $126,754,000. Finally, Janus Henderson Group PLC bought a new position in shares of Baker Hughes, a GE company Class A during the 3rd quarter worth about $84,073,000. Institutional investors and hedge funds own 89.28% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. Baker Hughes, a GE company Class A has a one year low of $29.62 and a one year high of $40.82. The stock has a market cap of $15,628.43, a P/E ratio of -19.18, a PEG ratio of 2.39 and a beta of 0.76.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. The business’s quarterly revenue was up 77.7% on a year-over-year basis. research analysts expect that Baker Hughes, a GE company Class A will post 0.45 earnings per share for the current year.

In related news, insider William D. Marsh sold 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the transaction, the insider now directly owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthias L. Heilmann acquired 1,500 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Thursday, October 26th. The stock was acquired at an average price of $30.04 per share, with a total value of $45,060.00. Following the completion of the purchase, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The disclosure for this purchase can be found here. 0.66% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on BHGE. Cowen set a $55.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Thursday. Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $38.00 price target (down previously from $42.00) on shares of Baker Hughes, a GE company Class A in a research report on Monday, October 2nd. Bank of America began coverage on shares of Baker Hughes, a GE company Class A in a research report on Monday, September 25th. They issued an “underperform” rating and a $36.00 price target on the stock. Zacks Investment Research cut shares of Baker Hughes, a GE company Class A from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada set a $44.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research report on Saturday, October 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. Baker Hughes, a GE company Class A currently has an average rating of “Hold” and an average price target of $40.58.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NYSE:BHGE)

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