Livforsakringsbolaget Skandia Omsesidigt Lowers Holdings in Baker Hughes A GE Co (BHGE)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Baker Hughes A GE Co (NYSE:BHGE) by 40.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,691 shares of the company’s stock after selling 2,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Baker Hughes A GE were worth $125,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alps Advisors Inc. grew its stake in shares of Baker Hughes A GE by 51.0% in the 3rd quarter. Alps Advisors Inc. now owns 33,216 shares of the company’s stock worth $1,124,000 after acquiring an additional 11,218 shares in the last quarter. Northpointe Capital LLC grew its stake in shares of Baker Hughes A GE by 69.6% in the 3rd quarter. Northpointe Capital LLC now owns 97,420 shares of the company’s stock worth $3,296,000 after acquiring an additional 39,969 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Baker Hughes A GE by 134.5% in the 3rd quarter. First Trust Advisors LP now owns 17,564 shares of the company’s stock worth $594,000 after acquiring an additional 10,075 shares in the last quarter. Exane Derivatives grew its stake in shares of Baker Hughes A GE by 880.2% in the 3rd quarter. Exane Derivatives now owns 15,007 shares of the company’s stock worth $515,000 after acquiring an additional 13,476 shares in the last quarter. Finally, Ingalls & Snyder LLC bought a new stake in shares of Baker Hughes A GE in the 3rd quarter worth $1,415,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Shares of NYSE:BHGE opened at $26.07 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.91 and a quick ratio of 1.35. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 4.99 and a beta of 0.84. Baker Hughes A GE Co has a twelve month low of $25.53 and a twelve month high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Tuesday, October 30th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.88 billion. Baker Hughes A GE had a return on equity of 0.59% and a net margin of 0.16%. Baker Hughes A GE’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 EPS. Analysts predict that Baker Hughes A GE Co will post 0.65 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Baker Hughes A GE from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Friday. Guggenheim lowered shares of Baker Hughes A GE from a “hold” rating to a “neutral” rating in a research note on Thursday. Credit Suisse Group reduced their target price on shares of Baker Hughes A GE from $36.00 to $33.00 and set a “neutral” rating for the company in a research note on Wednesday, October 31st. Wells Fargo & Co reduced their target price on shares of Baker Hughes A GE from $45.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Finally, Jefferies Financial Group lowered shares of Baker Hughes A GE from a “buy” rating to a “hold” rating and reduced their target price for the stock from $38.00 to $36.00 in a research note on Wednesday, October 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. Baker Hughes A GE has an average rating of “Buy” and a consensus price target of $36.79.

Baker Hughes A GE Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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