As Companhia De Saneamento Basi (SBS) Stock Price Declined, Windacre Partnership Lifted Its Position; General Electric Co (GE) Share Price Declined While Gfs Advisors Has Trimmed Stake by $1.86 Million

November 14, 2017 - By Vivian Currie

Windacre Partnership Llc increased its stake in Companhia De Saneamento Basi (SBS) by 26.22% based on its latest 2017Q2 regulatory filing with the SEC. Windacre Partnership Llc bought 1.91 million shares as the company’s stock declined 15.61% while stock markets rallied. The institutional investor held 9.19 million shares of the water supply company at the end of 2017Q2, valued at $87.47M, up from 7.28M at the end of the previous reported quarter. Windacre Partnership Llc who had been investing in Companhia De Saneamento Basi for a number of months, seems to be bullish on the $6.02B market cap company. The stock declined 2.75% or $0.25 reaching $8.84 on the news. About 348,485 shares traded. Companhia de Saneamento Basico (ADR) (NYSE:SBS) has risen 24.02% since November 14, 2016 and is uptrending. It has outperformed by 7.32% the S&P500.

Gfs Advisors Llc decreased its stake in General Electric Co (GE) by 9.83% based on its latest 2017Q2 regulatory filing with the SEC. Gfs Advisors Llc sold 69,000 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 632,804 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $17.09M, down from 701,804 at the end of the previous reported quarter. Gfs Advisors Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $157.92B market cap company. The stock declined 4.28% or $0.82 reaching $18.21 per share. About 37.35M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 14, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.28 earnings per share, down 39.13% or $0.18 from last year’s $0.46 per share. GE’s profit will be $2.43B for 16.27 P/E if the $0.28 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Among 25 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 5 Sell and 9 Hold. Therefore 44% are positive. General Electric Company had 75 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, October 23, the company rating was maintained by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, October 13 by William Blair. S&P Research maintained General Electric Company (NYSE:GE) rating on Wednesday, October 14. S&P Research has “Buy” rating and $34 target. The rating was maintained by Cowen & Co on Monday, August 7 with “Hold”. As per Wednesday, November 1, the company rating was maintained by JP Morgan. The stock has “Outperform” rating by RBC Capital Markets on Monday, January 25. Morgan Stanley maintained the shares of GE in report on Thursday, October 6 with “Equal-Weight” rating. The firm earned “Hold” rating on Monday, July 24 by Oppenheimer. The firm earned “Hold” rating on Tuesday, October 24 by Stifel Nicolaus. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Monday, October 23.

More notable recent General Electric Company (NYSE:GE) news were published by: Usnews.com which released: “GE Dials Back Operations, Chops Dividend” on November 13, 2017, also Forbes.com with their article: “General Electric Company May Spin-Off Transportation Division” published on November 01, 2017, Seekingalpha.com published: “GE: Jack Welch Returns, Maybe Better Than Ever” on November 13, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Here Is Your Chance To Play The GE Situation Correctly” published on November 14, 2017 as well as Cnbc.com‘s news article titled: “Wall Street is stunned by General Electric’s ‘unsettling’ investor day …” with publication date: November 14, 2017.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It is negative, as 85 investors sold GE shares while 816 reduced holdings. 111 funds opened positions while 598 raised stakes. 4.61 billion shares or 0.66% more from 4.58 billion shares in 2017Q1 were reported. Davidson Invest Advisors reported 2.27% stake. Massachusetts-based Choate Invest Advsr has invested 0% in General Electric Company (NYSE:GE). Kanawha Cap Management Ltd Limited Liability Company stated it has 1.75% of its portfolio in General Electric Company (NYSE:GE). Jennison Ltd stated it has 0.08% of its portfolio in General Electric Company (NYSE:GE). Montgomery Inv Management Inc has invested 0.58% in General Electric Company (NYSE:GE). Invest Ser Of America Inc stated it has 13,125 shares or 0.06% of all its holdings. Tocqueville Asset Management Lp accumulated 3.03M shares or 0.98% of the stock. Iowa Bankshares holds 2.41% or 186,694 shares. Moreover, Stoneridge Inv Prns Ltd Liability Company has 1.31% invested in General Electric Company (NYSE:GE) for 325,787 shares. Caz Invs Lp holds 49,280 shares or 1.07% of its portfolio. Asset Advsr Corporation holds 191,081 shares. First Bancorp And Trust Of Newtown holds 1.64% of its portfolio in General Electric Company (NYSE:GE) for 208,424 shares. Fort Washington Advsrs Oh, a Ohio-based fund reported 5.17 million shares. Iab Commercial Bank has 0.3% invested in General Electric Company (NYSE:GE) for 22,363 shares. Puplava Fincl Ser Inc has 11,209 shares for 0.16% of their portfolio.

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