As General Electric Co (GE) Stock Declined, Strategic Advisors Has Trimmed Position by $1.08 Million; As Adecoagro S A (AGRO) Stock Declined, Serengeti Asset Management LP Boosted Position

November 15, 2017 - By Dolores Ford

Jody Lanasa increased its stake in Adecoagro S A (AGRO) by 5.56% based on its latest 2017Q2 regulatory filing with the SEC. Serengeti Asset Management Lp bought 50,000 shares as the company’s stock declined 12.17% while stock markets rallied. The hedge fund run by Jody Lanasa held 950,000 shares of the farming and seeds and milling company at the end of 2017Q2, valued at $9.49M, up from 900,000 at the end of the previous reported quarter. Serengeti Asset Management Lp who had been investing in Adecoagro S A for a number of months, seems to be bullish on the $1.04 billion market cap company. The stock decreased 8.21% or $0.76 during the last trading session, reaching $8.55. About shares traded. Adecoagro SA (NYSE:AGRO) has risen 9.46% since November 15, 2016 and is uptrending. It has underperformed by 7.24% the S&P500.

Strategic Advisors Llc decreased its stake in General Electric Co (GE) by 17.97% based on its latest 2017Q2 regulatory filing with the SEC. Strategic Advisors Llc sold 40,004 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 182,571 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $4.93M, down from 222,575 at the end of the previous reported quarter. Strategic Advisors Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $155.23B market cap company. The stock decreased 5.91% or $1.12 during the last trading session, reaching $17.9. About 80,147 shares traded. General Electric Company (NYSE:GE) has declined 4.46% since November 15, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.03, from 0.82 in 2017Q1. It fall, 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. Bancorporation Inc invested 0.5% in General Electric Company (NYSE:GE). Eaton Vance Management accumulated 11.44 million shares. Pinnacle Associate invested 0.52% in General Electric Company (NYSE:GE). Gamco Invsts Et Al has invested 0.22% of its portfolio in General Electric Company (NYSE:GE). Barrington Strategic Wealth Grp Ltd Com holds 93,185 shares or 1.28% of its portfolio. Westpac Banking owns 885,595 shares. Ifrah Fincl Svcs Incorporated reported 21,317 shares or 0.23% of all its holdings. Bsw Wealth Prtn accumulated 33,987 shares. S&Co Inc invested 1.47% in General Electric Company (NYSE:GE). Glenview State Bank Trust Dept accumulated 149,866 shares or 2.06% of the stock. Lincoln National owns 108,843 shares or 0.14% of their US portfolio. Family Firm holds 0.24% in General Electric Company (NYSE:GE) or 20,253 shares. Haverford Tru owns 1.46M shares for 0.86% of their portfolio. Garde Inc holds 0.13% or 18,949 shares. Croft reported 181,355 shares.

Strategic Advisors Llc, which manages about $218.80M US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 6,049 shares to 27,891 shares, valued at $1.87 million in 2017Q2, according to the filing.

More notable recent General Electric Company (NYSE:GE) news were published by: Bostonglobe.com which released: “GE faces a major inflection point under new CEO John Flannery” on November 12, 2017, also Forbes.com with their article: “General Electric Company May Spin-Off Transportation Division” published on November 01, 2017, Cnbc.com published: “GE’s energy business could soon look very different” on November 13, 2017. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric’s (GE) CEO John Flannery Hosts Investor Update Conference …” published on November 14, 2017 as well as Seekingalpha.com‘s news article titled: “GE: Jack Welch Returns, Maybe Better Than Ever” with publication date: November 13, 2017.

Among 25 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 10 Hold. Therefore 40% are positive. General Electric Company had 77 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by TheStreet given on Wednesday, August 26. On Monday, July 17 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was maintained by S&P Research with “Buy” on Wednesday, October 14. RBC Capital Markets maintained the stock with “Buy” rating in Friday, September 15 report. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Deutsche Bank on Tuesday, August 25. The company was maintained on Monday, July 10 by RBC Capital Markets. The firm earned “Market Perform” rating on Monday, April 4 by Bernstein. The firm earned “Equal-Weight” rating on Thursday, October 6 by Morgan Stanley. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Outperform”. The rating was upgraded by Standpoint Research to “Hold” on Thursday, June 29.

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 15.98 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.

Serengeti Asset Management Lp, which manages about $2.16 billion and $688.52 million US Long portfolio, decreased its stake in Cresud S A C I F Y A (NASDAQ:CRESY) by 25,000 shares to 400,000 shares, valued at $7.78 million in 2017Q2, according to the filing. It also reduced its holding in Athene Hldg Ltd by 27,648 shares in the quarter, leaving it with 1.41M shares, and cut its stake in Dell Technologies Inc.

More news for Adecoagro SA (NYSE:AGRO) were recently published by: Twst.com, which released: “Adecoagro SA: 3Q17 Conference Call Presentation” on November 13, 2017. Twst.com‘s article titled: “Adecoagro SA: 3Q17 Earnings Release” and published on November 13, 2017 is yet another important article.

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