Shell Asset Management Co Lifted By $323,921 Its General Electric Co (GE) Stake; Shorts at THALES ORDINARY SHARES (THLEF) Raised By 200%

June 17, 2018 - By Richard Conner

General Electric Company (NYSE:GE) Logo

Shell Asset Management Co increased General Electric Co (GE) stake by 2.73% reported in 2018Q1 SEC filing. Shell Asset Management Co acquired 24,917 shares as General Electric Co (GE)’s stock declined 0.14%. The Shell Asset Management Co holds 936,251 shares with $12.62 million value, up from 911,334 last quarter. General Electric Co now has $115.52B valuation. The stock decreased 1.63% or $0.22 during the last trading session, reaching $13.3. About 96.18M shares traded or 42.15% up from the average. General Electric Company (NYSE:GE) has declined 46.78% since June 17, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: ; 17/04/2018 – FDA: GE Medical Systems Ultrasound & Primary Care Diagnostics, LL- GE Healthcare: a) Prodigy, Model Numbers: LU7248, LU8905,; 27/04/2018 – U.S. State Dept approves possible sale to Bahrain of attack helicopters; 09/03/2018 – Channel NewsAsia: Exclusive: GE explores divesting electrical engineering business; 28/03/2018 – “In many ways, GE’s current situation fits the profile of an ideal Warren Buffett investment,” the firm’s analyst writes; 21/05/2018 – GE WILL GET $2.9B IN CASH AT CLOSING; 07/03/2018 – GE ANNOUNCES INNOVATIVE ENERGY STORAGE PLATFORM CALLED THE RESERVOIR; 22/05/2018 – S. John Tilak: Nice scoop from @davidj_french | Exclusive: GE seeking to shed troubled insurance business; 24/04/2018 – Exclusive – GE EFS finds buyer for wind portfolio interest; 09/05/2018 – U.S. drone program taps Alphabet, passes over Amazon, China’s DJI; 22/05/2018 – @JJshout JP Morgan: GE likely ‘seriously considering’ another dividend cut

THALES ORDINARY SHARES (OTCMKTS:THLEF) had an increase of 200% in short interest. THLEF’s SI was 600 shares in June as released by FINRA. Its up 200% from 200 shares previously. With 100 avg volume, 6 days are for THALES ORDINARY SHARES (OTCMKTS:THLEF)’s short sellers to cover THLEF’s short positions. It closed at $127.25 lastly. It is down 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Investors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It increased, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Cetera Advisor Netwr Limited Liability Corporation owns 388,296 shares or 0.23% of their US portfolio. Optimum owns 31,786 shares for 0.13% of their portfolio. Timber Creek Mngmt Ltd Llc invested 1.22% in General Electric Company (NYSE:GE). Fort Point Capital Prtn Ltd Com has invested 0.04% of its portfolio in General Electric Company (NYSE:GE). Logan Capital Mgmt owns 255,281 shares. Woodstock Corp invested in 0.9% or 351,940 shares. Litman Gregory Asset Limited Liability Corp holds 0.09% or 16,545 shares in its portfolio. Woodley Farra Manion owns 16,880 shares. Bancorporation Of America De holds 0.18% or 79.20M shares. Gulf Bancshares (Uk) Ltd holds 2.73M shares. Cohen Lawrence B owns 11,320 shares or 0.1% of their US portfolio. First Commonwealth Financial Pa holds 33,721 shares or 0.48% of its portfolio. 13,655 are held by Flossbach Von Storch Ag. 20.72 million are owned by Pnc Financial Gru Inc. Hayek Kallen Investment Management owns 117,002 shares or 1.09% of their US portfolio.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “Either GE Or Its Dividend, And Possibly Both, Are Set To Shrink” on June 12, 2018, also Seekingalpha.com with their article: “General Electric’s Digital Growth Is Impressive” published on June 13, 2018, Seekingalpha.com published: “Warren: Your $20/Share GE Lunch Is Served” on June 13, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Fool.com and their article: “Rolls-Royce Jet Engine Flaws Spell Opportunity for GE” published on June 15, 2018 as well as Seekingalpha.com‘s news article titled: “GE: Real Recovery But Bad Investment” with publication date: June 12, 2018.

Shell Asset Management Co decreased American Intl Group Inc (NYSE:AIG) stake by 7,944 shares to 144,433 valued at $7.86 million in 2018Q1. It also reduced Boeing Co (NYSE:BA) stake by 4,173 shares and now owns 96,896 shares. F M C Corp (NYSE:FMC) was reduced too.

Since January 26, 2018, it had 1 insider purchase, and 0 sales for $43,446 activity. DIMITRIEF ALEXANDER bought 2,689 shares worth $43,446.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 104 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by TheStreet on Tuesday, July 21. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Thursday, January 4 by Tigress Financial. The stock has “Sell” rating by Deutsche Bank on Monday, September 11. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 6 report. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Tuesday, July 25. Morgan Stanley has “Equal-Weight” rating and $26 target. The company was maintained on Wednesday, January 24 by CFRA. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Tuesday, November 14 by Bank of America. The stock has “Underperform” rating by Oppenheimer on Tuesday, October 24. The stock of General Electric Company (NYSE:GE) has “Neutral” rating given on Monday, October 23 by UBS. The stock has “Buy” rating by Stifel Nicolaus on Monday, October 19.

Thales S.A. provides various solutions for clients in the aerospace, space, defense, security, and ground transportation markets. The company has market cap of $27.43 billion. The firm operates through three divisions: Aerospace, Transport, and Defence & Security. It has a 26.88 P/E ratio. The Aerospace segment offers aircraft control systems; and electrical generation and conversion, and in-flight entertainment and connectivity systems, as well as offers air traffic management and maintenance services.

General Electric Company (NYSE:GE) Institutional Positions Chart

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: