As Agnico (AEM) Share Price Declined, Frontier Capital Management Co Has Trimmed Holding; Aldebaran Financial Has Cut Its General Electric Co (GE) Stake as Share Price Declined

April 21, 2018 - By Nellie Frank

Agnico Eagle Mines Limited (NYSE:AEM) Logo

Frontier Capital Management Co Llc decreased its stake in Agnico (AEM) by 1.98% based on its latest 2017Q4 regulatory filing with the SEC. Frontier Capital Management Co Llc sold 9,619 shares as the company’s stock declined 7.52% with the market. The institutional investor held 476,490 shares of the precious metals company at the end of 2017Q4, valued at $22.00M, down from 486,109 at the end of the previous reported quarter. Frontier Capital Management Co Llc who had been investing in Agnico for a number of months, seems to be less bullish one the $10.19B market cap company. The stock decreased 0.52% or $0.23 during the last trading session, reaching $44.16. About 1.01M shares traded. Agnico Eagle Mines Limited (NYSE:AEM) has declined 6.12% since April 21, 2017 and is downtrending. It has underperformed by 17.67% the S&P500.

Aldebaran Financial Inc decreased its stake in General Electric Co (GE) by 13.52% based on its latest 2017Q4 regulatory filing with the SEC. Aldebaran Financial Inc sold 29,977 shares as the company’s stock declined 23.20% with the market. The institutional investor held 191,700 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.35M, down from 221,677 at the end of the previous reported quarter. Aldebaran Financial Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $126.26 billion market cap company. The stock increased 3.93% or $0.55 during the last trading session, reaching $14.54. About 188.69 million shares traded or 121.66% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since April 21, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Aldebaran Financial Inc, which manages about $282.59 million and $150.48 million US Long portfolio, upped its stake in Albemarle Corp (NYSE:ALB) by 2,886 shares to 23,039 shares, valued at $2.95 million in 2017Q4, according to the filing.

Since January 26, 2018, it had 1 buying transaction, and 0 insider sales for $43,446 activity.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by TheStreet on Tuesday, July 21. Citigroup initiated the stock with “Buy” rating in Thursday, January 21 report. The firm earned “Outperform” rating on Monday, October 19 by RBC Capital Markets. Oppenheimer maintained General Electric Company (NYSE:GE) on Monday, July 17 with “Hold” rating. The stock of General Electric Company (NYSE:GE) earned “Overweight” rating by Barclays Capital on Monday, October 5. maintained General Electric Company (NYSE:GE) rating on Monday, October 10. has “Buy” rating and $35 target. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $29 target. Bernstein downgraded General Electric Company (NYSE:GE) on Monday, April 4 to “Market Perform” rating. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, January 16 by Vertical Research. The firm has “Sell” rating given on Thursday, March 29 by J.P. Morgan.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Hedeker Wealth Ltd reported 1.04% in General Electric Company (NYSE:GE). Renaissance Investment Group Ltd Liability Company reported 0.39% of its portfolio in General Electric Company (NYSE:GE). Bessemer Group Inc Inc Inc stated it has 487,620 shares. Indiana Management owns 76,904 shares or 0.62% of their US portfolio. Torray Limited Liability Com holds 756,999 shares. Harris Assoc Lp stated it has 2.16% in General Electric Company (NYSE:GE). California State Teachers Retirement Sys has 0.58% invested in General Electric Company (NYSE:GE) for 16.23 million shares. Mutual Of America Capital Mgmt Llc reported 1.10 million shares. One Cap Mgmt Ltd Liability owns 114,267 shares for 0.4% of their portfolio. Boston Private Wealth Limited Liability Company holds 787,626 shares or 0.52% of its portfolio. Moreover, Ingalls Snyder Ltd Liability has 0.55% invested in General Electric Company (NYSE:GE) for 679,506 shares. Wetherby Asset owns 0.35% invested in General Electric Company (NYSE:GE) for 145,316 shares. Schafer Cullen Cap holds 1.16% of its portfolio in General Electric Company (NYSE:GE) for 5.73M shares. Ashfield Cap Partners Ltd Limited Liability Company, a California-based fund reported 262,256 shares. Horan Capital reported 2.59% of its portfolio in General Electric Company (NYSE:GE).

Analysts await Agnico Eagle Mines Limited (NYSE:AEM) to report earnings on April, 26 after the close. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. AEM’s profit will be $41.54 million for 61.33 P/E if the $0.18 EPS becomes a reality. After $0.21 actual EPS reported by Agnico Eagle Mines Limited for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Frontier Capital Management Co Llc, which manages about $13.68 billion US Long portfolio, upped its stake in Integrated Device Technology Inc. (NASDAQ:IDTI) by 614,235 shares to 5.78 million shares, valued at $171.78M in 2017Q4, according to the filing. It also increased its holding in Coupa Software Inc. by 124,820 shares in the quarter, for a total of 176,237 shares, and has risen its stake in Vista Outdoor Inc.

General Electric Company (NYSE:GE) Institutional Positions Chart

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