Alambic Investment Management L.P. Invests $118,000 in General Electric (NYSE:GE)

Alambic Investment Management L.P. acquired a new stake in shares of General Electric (NYSE:GE) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,800 shares of the conglomerate’s stock, valued at approximately $118,000.

Other institutional investors also recently added to or reduced their stakes in the company. NEXT Financial Group Inc boosted its position in General Electric by 6.1% during the fourth quarter. NEXT Financial Group Inc now owns 60,499 shares of the conglomerate’s stock valued at $675,000 after purchasing an additional 3,471 shares during the last quarter. Balasa Dinverno & Foltz LLC grew its stake in shares of General Electric by 15.9% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 12,281 shares of the conglomerate’s stock valued at $137,000 after buying an additional 1,688 shares in the last quarter. Loveless Wealth Management LLC acquired a new position in General Electric in the fourth quarter worth approximately $236,000. Harel Insurance Investments & Financial Services Ltd. raised its position in General Electric by 297.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 24,117 shares of the conglomerate’s stock valued at $269,000 after acquiring an additional 18,052 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in General Electric in the fourth quarter valued at approximately $567,000. Hedge funds and other institutional investors own 61.55% of the company’s stock.

Shares of General Electric stock traded down $0.07 during midday trading on Friday, hitting $6.41. The company had a trading volume of 69,131,315 shares, compared to its average volume of 135,825,280. General Electric has a 1-year low of $5.48 and a 1-year high of $13.26. The business’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $9.84. The stock 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. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.91 and a quick ratio of 1.69.

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

A number of research analysts have recently weighed in on GE shares. Credit Suisse Group cut their price target on shares of General Electric from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Morgan Stanley cut their target price on General Electric from $14.00 to $9.00 and set an “overweight” rating on the stock in a report on Tuesday, March 17th. ValuEngine downgraded General Electric from a “hold” rating to a “sell” rating in a research note on Friday, March 6th. Gordon Haskett raised General Electric from an “underperform” rating to a “hold” rating and increased their price objective for the company from $7.00 to $11.00 in a report on Friday, February 7th. Finally, Deutsche Bank reduced their target price on General Electric from $13.50 to $8.40 and set a “hold” rating for the company in a report on Thursday, April 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. General Electric has an average rating of “Hold” and an average price target of $9.49.

About General Electric

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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