12,370 Shares in General Electric (NYSE:GE) Bought by Toroso Investments LLC

Toroso Investments LLC acquired a new position in General Electric (NYSE:GE) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,370 shares of the conglomerate’s stock, valued at approximately $98,000.

Other hedge funds have also recently modified their holdings of the company. Firestone Capital Management acquired a new position in General Electric in the 4th quarter worth $212,000. CBIZ Investment Advisory Services LLC acquired a new position in General Electric in the 4th quarter worth $25,000. CLS Investments LLC lifted its holdings in General Electric by 2,300.0% in the 4th quarter. CLS Investments LLC now owns 2,400 shares of the conglomerate’s stock worth $27,000 after buying an additional 2,300 shares in the last quarter. Pacifica Partners Inc. acquired a new position in General Electric in the 4th quarter worth $28,000. Finally, IndexIQ Advisors LLC acquired a new position in General Electric in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 61.55% of the company’s stock.

GE traded down $0.07 on Friday, hitting $6.41. 69,131,315 shares of the company’s stock were exchanged, compared to its average volume of 135,825,280. The firm has a market cap of $56.68 billion, a PE ratio of -19.42, a P/E/G ratio of 34.91 and a beta of 0.95. General Electric has a twelve month low of $5.48 and a twelve month high of $13.26. The stock has a fifty day moving average of $6.50 and a two-hundred day moving average of $9.84. The company has a current ratio of 1.91, a quick ratio of 1.69 and a debt-to-equity ratio of 1.80.

General Electric (NYSE:GE) last released its quarterly earnings data on Wednesday, April 29th. The conglomerate reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). General Electric had a positive return on equity of 13.66% and a negative net margin of 2.39%. The business had revenue of $20.52 billion for the quarter, compared to analyst estimates of $20.34 billion. During the same quarter last year, the company earned $0.12 EPS. General Electric’s revenue was down 24.8% compared to the same quarter last year. On average, analysts predict that General Electric will post 0.04 EPS for the current year.

A number of equities research analysts have recently issued reports on GE shares. TheStreet upgraded shares of General Electric from a “d+” rating to a “c” rating in a research note on Wednesday, January 29th. Morgan Stanley cut their target price on shares of General Electric from $14.00 to $9.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 17th. Gordon Haskett upgraded shares of General Electric from an “underperform” rating to a “hold” rating and upped their target price for the company from $7.00 to $11.00 in a research note on Friday, February 7th. Zacks Investment Research upgraded shares of General Electric from a “sell” rating to a “hold” rating and set a $7.00 target price on the stock in a research note on Friday, March 20th. Finally, Imperial Capital upped their target price on shares of General Electric from $5.00 to $8.00 in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.49.

General Electric Profile

General Electric Company operates as a high-tech industrial company worldwide. It operates through Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services.

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Institutional Ownership by Quarter for General Electric (NYSE:GE)

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