As Insulet (PODD) Market Value Declined, Shareholder Slate Path Capital LP Has Decreased Its Stake; General Electric Co (GE) Shareholder Reliance Trust Has Cut Stake

January 14, 2018 - By Neil V. Hobbs

David Greenspan decreased its stake in Insulet Corp (PODD) by 2.68% based on its latest 2017Q3 regulatory filing with the SEC. Slate Path Capital Lp sold 75,000 shares as the company’s stock declined 7.35% while stock markets rallied. The hedge fund run by David Greenspan held 2.72 million shares of the medical and dental instruments company at the end of 2017Q3, valued at $149.82 million, down from 2.80M at the end of the previous reported quarter. Slate Path Capital Lp who had been investing in Insulet Corp for a number of months, seems to be less bullish one the $4.40 billion market cap company. The stock decreased 2.17% or $1.68 during the last trading session, reaching $75.62. About 507,341 shares traded. Insulet Corporation (NASDAQ:PODD) has risen 48.83% since January 14, 2017 and is uptrending. It has outperformed by 32.13% the S&P500.

Reliance Trust decreased its stake in General Electric Co (GE) by 14.8% based on its latest 2017Q3 regulatory filing with the SEC. Reliance Trust sold 37,048 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 213,246 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $5.16M, down from 250,294 at the end of the previous reported quarter. Reliance Trust who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69 billion market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08 million shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 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 $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 16.17 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It worsened, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. The Tennessee-based Moon Capital Llc has invested 0.59% in General Electric Company (NYSE:GE). Rosenblum Silverman Sutton S F Incorporated Ca invested in 126,350 shares. 32,481 are owned by Nottingham Advisors. Delta Asset Mgmt Limited Liability Com Tn reported 0.23% of its portfolio in General Electric Company (NYSE:GE). South State holds 1.1% of its portfolio in General Electric Company (NYSE:GE) for 407,312 shares. 347,440 are held by Stonebridge Cap. Cohen Klingenstein Ltd owns 0.57% invested in General Electric Company (NYSE:GE) for 156,881 shares. Aspen Investment Mngmt stated it has 1.08% of its portfolio in General Electric Company (NYSE:GE). Engines Lc holds 1,210 shares or 0% of its portfolio. Putnam Fl Inv Mgmt stated it has 86,611 shares or 0.2% of all its holdings. Louisiana State Employees Retirement holds 540,600 shares. Mondrian Ltd holds 0% or 2,200 shares. Overbrook accumulated 79,509 shares. Steinberg Glob Asset Mgmt invested in 0.23% or 64,157 shares. Dodge Cox reported 870,606 shares.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. As per Friday, April 21, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, June 13. Vetr upgraded General Electric Company (NYSE:GE) rating on Wednesday, August 26. Vetr has “Buy” rating and $26.28 target. The stock of General Electric Company (NYSE:GE) earned “Focus List” rating by Credit Suisse on Wednesday, September 16. Deutsche Bank maintained it with “Hold” rating and $29 target in Tuesday, August 25 report. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, July 17. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Monday, October 30 by Deutsche Bank. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, June 12 with “Hold” rating. JP Morgan initiated General Electric Company (NYSE:GE) on Thursday, May 12 with “Underweight” rating. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Bank of America on Monday, October 23.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. Comstock Elizabeth J had sold 24,693 shares worth $633,375. $2.46M worth of stock was bought by TISCH JAMES S on Tuesday, August 22.

Slate Path Capital Lp, which manages about $4.31 billion and $1.90B US Long portfolio, upped its stake in Avis Budget Group (NASDAQ:CAR) by 310,000 shares to 3.41M shares, valued at $129.79M in 2017Q3, according to the filing. It also increased its holding in Advance Auto Parts Inc (NYSE:AAP) by 450,000 shares in the quarter, for a total of 1.50M shares, and has risen its stake in Medicines Co (NASDAQ:MDCO).

Analysts await Insulet Corporation (NASDAQ:PODD) to report earnings on February, 26. They expect $-0.07 earnings per share, up 56.25% or $0.09 from last year’s $-0.16 per share. After $-0.04 actual earnings per share reported by Insulet Corporation for the previous quarter, Wall Street now forecasts 75.00% negative EPS growth.

Among 17 analysts covering Insulet Corporation (NASDAQ:PODD), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Insulet Corporation had 46 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Insulet Corporation (NASDAQ:PODD) has “Hold” rating given on Thursday, August 13 by Benchmark. Leerink Swann maintained the stock with “Buy” rating in Monday, January 8 report. The firm has “Overweight” rating by Barclays Capital given on Monday, November 20. On Friday, November 3 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Robert W. Baird maintained the stock with “Buy” rating in Thursday, September 7 report. Robert W. Baird upgraded the shares of PODD in report on Friday, January 6 to “Outperform” rating. The rating was maintained by Leerink Swann with “Buy” on Thursday, October 12. The firm has “Outperform” rating given on Tuesday, February 28 by Wedbush. The firm has “Buy” rating by Jefferies given on Friday, November 3. Robert W. Baird maintained Insulet Corporation (NASDAQ:PODD) on Friday, November 3 with “Outperform” rating.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.10, from 1.2 in 2017Q2. It dropped, as 14 investors sold PODD shares while 55 reduced holdings. 31 funds opened positions while 45 raised stakes. 60.96 million shares or 0.49% less from 61.26 million shares in 2017Q2 were reported. Portfolio Solutions Limited Liability Corporation accumulated 0% or 95 shares. Tower Rech Cap (Trc) stated it has 9,653 shares. Commercial Bank Of America Corporation De holds 0% or 136,115 shares. Putnam Invests Limited accumulated 0% or 29,306 shares. Pub Employees Retirement Association Of Colorado stated it has 0% of its portfolio in Insulet Corporation (NASDAQ:PODD). 3,996 are owned by Proshare Lc. Millennium Mgmt Ltd holds 0.03% in Insulet Corporation (NASDAQ:PODD) or 370,485 shares. Pnc Financial Serv Group holds 0% in Insulet Corporation (NASDAQ:PODD) or 1,171 shares. Tiaa Cref Mngmt Limited Liability Corp reported 0.01% in Insulet Corporation (NASDAQ:PODD). 6,889 were reported by Bnp Paribas Arbitrage Sa. Loomis Sayles Com Ltd Partnership holds 0.07% of its portfolio in Insulet Corporation (NASDAQ:PODD) for 555,681 shares. Mcf Advisors Limited Liability Corporation has invested 0.02% of its portfolio in Insulet Corporation (NASDAQ:PODD). Gideon Cap invested in 5,501 shares or 0.3% of the stock. The California-based California Public Employees Retirement Sys has invested 0.01% in Insulet Corporation (NASDAQ:PODD). Principal Fincl Group Incorporated reported 6,856 shares or 0% of all its holdings.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: