Rr Partners LP Position in Cardinal Health (CAH) Has Lowered by $12.22 Million; General Electric (Ge) (GE) Market Value Declined While Augustine Asset Management Decreased Its Position by $3.40 Million

January 16, 2018 - By Vivian Park

Augustine Asset Management Inc decreased its stake in General Electric (Ge) (GE) by 75.77% based on its latest 2017Q3 regulatory filing with the SEC. Augustine Asset Management Inc sold 141,517 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 45,265 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.09 million, down from 186,782 at the end of the previous reported quarter. Augustine Asset Management Inc who had been investing in General Electric (Ge) for a number of months, seems to be less bullish one the $157.05 billion market cap company. The stock decreased 3.46% or $0.65 during the last trading session, reaching $18.11. About 46.40M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 16, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Rr Partners Lp decreased its stake in Cardinal Health Inc (CAH) by 19.38% based on its latest 2017Q3 regulatory filing with the SEC. Rr Partners Lp sold 185,100 shares as the company’s stock declined 8.93% while stock markets rallied. The institutional investor held 770,100 shares of the health care company at the end of 2017Q3, valued at $51.54 million, down from 955,200 at the end of the previous reported quarter. Rr Partners Lp who had been investing in Cardinal Health Inc for a number of months, seems to be less bullish one the $22.77 billion market cap company. The stock increased 1.26% or $0.9 during the last trading session, reaching $72.39. About 343,223 shares traded. Cardinal Health, Inc. (NYSE:CAH) has declined 4.95% since January 16, 2017 and is downtrending. It has underperformed by 21.65% the S&P500.

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.03, from 0.87 in 2017Q2. It is positive, as 63 investors sold CAH shares while 229 reduced holdings. 64 funds opened positions while 198 raised stakes. 275.05 million shares or 0.51% more from 273.65 million shares in 2017Q2 were reported. Guggenheim Capital Ltd Llc holds 0.14% or 878,638 shares in its portfolio. Cwm Limited Liability Company holds 1.4% or 441,926 shares in its portfolio. Fdx holds 43,508 shares. Keystone Finance Planning holds 0.26% or 6,768 shares in its portfolio. 65,669 were accumulated by Korea Inv. Rr Ptnrs Limited Partnership reported 770,100 shares. First United Comml Bank Trust has 7,425 shares. Hartford stated it has 185 shares or 0.01% of all its holdings. Palo Cap invested in 40,260 shares. Employees Retirement System Of Texas stated it has 0.06% in Cardinal Health, Inc. (NYSE:CAH). Allen Management Ltd Liability has 0.16% invested in Cardinal Health, Inc. (NYSE:CAH) for 52,999 shares. Greenleaf holds 0% or 596 shares. Cadence Capital Limited has 65,205 shares for 0.27% of their portfolio. Arrow stated it has 0.04% in Cardinal Health, Inc. (NYSE:CAH). Ironwood Fincl Llc reported 73 shares.

Among 20 analysts covering Cardinal Health (NYSE:CAH), 4 have Buy rating, 1 Sell and 15 Hold. Therefore 20% are positive. Cardinal Health had 44 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Cardinal Health, Inc. (NYSE:CAH) has “Buy” rating given on Thursday, August 3 by Credit Suisse. William Blair maintained the shares of CAH in report on Wednesday, August 26 with “Buy” rating. The firm earned “Market Perform” rating on Wednesday, January 6 by Raymond James. As per Thursday, August 4, the company rating was maintained by Deutsche Bank. On Friday, April 28 the stock rating was initiated by Tigress Financial with “Neutral”. The firm has “Mkt Perform” rating by Leerink Swann given on Wednesday, December 21. As per Tuesday, March 15, the company rating was downgraded by Cowen & Co. The firm has “Buy” rating by Goldman Sachs given on Thursday, December 17. Jefferies maintained Cardinal Health, Inc. (NYSE:CAH) on Thursday, July 27 with “Hold” rating. Mizuho downgraded Cardinal Health, Inc. (NYSE:CAH) on Tuesday, January 3 to “Neutral” rating.

Analysts await Cardinal Health, Inc. (NYSE:CAH) to report earnings on February, 6. They expect $1.14 earnings per share, down 14.93% or $0.20 from last year’s $1.34 per share. CAH’s profit will be $358.65 million for 15.88 P/E if the $1.14 EPS becomes a reality. After $1.09 actual earnings per share reported by Cardinal Health, Inc. for the previous quarter, Wall Street now forecasts 4.59% EPS growth.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It dropped, 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. Carret Asset Management has invested 1.7% in General Electric Company (NYSE:GE). Old Dominion Cap Mgmt Inc has invested 0.54% in General Electric Company (NYSE:GE). Magnetar Financial Lc reported 40,632 shares. 74,883 are held by Butensky And Cohen Finance Security. Heritage Wealth has invested 0.33% in General Electric Company (NYSE:GE). Asset Mngmt holds 35,139 shares or 0.52% of its portfolio. Coho Ptnrs has invested 0.02% in General Electric Company (NYSE:GE). Aldebaran owns 221,677 shares. 1.33 million are held by Pinebridge Investments L P. Janney Montgomery Scott Ltd Liability reported 2.89 million shares or 0.8% of all its holdings. Shelton Capital Mgmt holds 0.37% of its portfolio in General Electric Company (NYSE:GE) for 196,312 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 326,741 shares. Cornerstone Capital accumulated 2.88% or 680,561 shares. Homrich And Berg stated it has 0.34% in General Electric Company (NYSE:GE). Kcm Inv Limited holds 0.95% or 640,326 shares in its portfolio.

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. maintained General Electric Company (NYSE:GE) rating on Monday, October 10. has “Buy” rating and $35 target. The stock has “Hold” rating by Tigress Financial on Thursday, January 4. Citigroup maintained the stock with “Buy” rating in Monday, October 23 report. Vetr downgraded General Electric Company (NYSE:GE) rating on Tuesday, September 22. Vetr has “Hold” rating and $25.84 target. Cowen & Co maintained General Electric Company (NYSE:GE) rating on Monday, July 17. Cowen & Co has “Hold” rating and $2700 target. Credit Suisse maintained the shares of GE in report on Thursday, October 5 with “Outperform” rating. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Tuesday, June 13 with “Buy” rating. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Monday, October 30. Deutsche Bank has “Sell” rating and $18.0 target. The company was maintained on Tuesday, November 21 by Deutsche Bank. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by Bernstein on Friday, December 16.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. Flannery John Leonard bought $2.66 million worth of stock. 24,693 shares were sold by Comstock Elizabeth J, worth $633,375 on Wednesday, August 9.

Augustine Asset Management Inc, which manages about $270.82 million and $156.53M US Long portfolio, upped its stake in Total System Services (Tss) (NYSE:TSS) by 23,758 shares to 51,886 shares, valued at $3.40 million in 2017Q3, according to the filing.

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