As General Electric Co (GE) Share Price Declined, Culbertson A N & Co Trimmed Holding by $367,149; Ensign Group (ENSG) Holder Jupiter Asset Management LTD Has Trimmed Position by $367,246 as Stock Rose

April 17, 2018 - By Louis Casey

General Electric Company (NYSE:GE) Logo

Culbertson A N & Co Inc decreased its stake in General Electric Co (GE) by 16.2% based on its latest 2017Q4 regulatory filing with the SEC. Culbertson A N & Co Inc sold 21,597 shares as the company’s stock declined 23.20% with the market. The institutional investor held 111,679 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.95 million, down from 133,276 at the end of the previous reported quarter. Culbertson A N & Co Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $120.14 billion market cap company. The stock increased 3.79% or $0.505 during the last trading session, reaching $13.835. About 35.27 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Jupiter Asset Management Ltd decreased its stake in Ensign Group Inc (ENSG) by 6.52% based on its latest 2017Q4 regulatory filing with the SEC. Jupiter Asset Management Ltd sold 16,693 shares as the company’s stock rose 18.72% while stock markets declined. The institutional investor held 239,142 shares of the health care company at the end of 2017Q4, valued at $5.31 million, down from 255,835 at the end of the previous reported quarter. Jupiter Asset Management Ltd who had been investing in Ensign Group Inc for a number of months, seems to be less bullish one the $1.47 billion market cap company. The stock increased 0.68% or $0.19 during the last trading session, reaching $28.16. About 32,637 shares traded. The Ensign Group, Inc. (NASDAQ:ENSG) has risen 44.87% since April 17, 2017 and is uptrending. It has outperformed by 33.32% the S&P500.

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. As per Friday, July 7, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Morgan Stanley on Monday, October 2 with “Equal-Weight”. On Monday, October 9 the stock rating was maintained by J.P. Morgan with “Sell”. The rating was downgraded by TheStreet on Wednesday, August 26 to “Buy”. As per Monday, August 7, the company rating was maintained by Cowen & Co. The rating was initiated by Citigroup on Thursday, January 21 with “Buy”. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Tuesday, January 30 with “Hold” rating. The rating was downgraded by Stifel Nicolaus to “Hold” on Tuesday, October 24. On Monday, October 5 the stock rating was maintained by Barclays Capital with “Overweight”. Credit Suisse maintained the stock with “Buy” rating in Wednesday, April 12 report.

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

Culbertson A N & Co Inc, which manages about $278.97M and $354.61M US Long portfolio, upped its stake in Vanguard Index Fds (VUG) by 4,522 shares to 12,597 shares, valued at $1.77M in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (AGG) by 4,094 shares in the quarter, for a total of 24,067 shares, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It is negative, 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. Klingenstein Fields Co Limited Liability has 719,468 shares for 0.46% of their portfolio. Somerset Trust holds 0.01% or 644 shares. Asset Management Limited Liability Company reported 322,532 shares stake. Texas Yale Capital owns 0.07% invested in General Electric Company (NYSE:GE) for 45,436 shares. 6,841 were reported by Shamrock Asset Management Limited Liability Corp. Carnegie Cap Asset Mgmt Lc holds 0.17% or 127,228 shares. Canandaigua Retail Bank Trust Communications reported 0.93% in General Electric Company (NYSE:GE). Blackhill holds 327,200 shares. Prudential Financial stated it has 0.3% in General Electric Company (NYSE:GE). Sfmg Llc reported 0.07% stake. Qs Investors Ltd Liability Corp, New York-based fund reported 893,874 shares. The New York-based Capital Counsel Ltd has invested 0.02% in General Electric Company (NYSE:GE). London Of Virginia invested 0.99% of its portfolio in General Electric Company (NYSE:GE). Arcadia Mngmt Corp Mi accumulated 12,000 shares or 0.06% of the stock. Global X Mngmt Ltd has 21,898 shares.

Analysts await General Electric Company (NYSE:GE) to report earnings on April, 20 before the open. They expect $0.11 earnings per share, down 47.62% or $0.10 from last year’s $0.21 per share. GE’s profit will be $955.18 million for 31.44 P/E if the $0.11 EPS becomes a reality. After $0.27 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -59.26% negative EPS growth.

Investors sentiment increased to 1.58 in Q4 2017. Its up 0.47, from 1.11 in 2017Q3. It improved, as 10 investors sold ENSG shares while 42 reduced holdings. 22 funds opened positions while 60 raised stakes. 42.07 million shares or 1.36% more from 41.50 million shares in 2017Q3 were reported. Mason Street Ltd Liability Corp holds 12,511 shares. Millennium Mngmt Lc reported 10,230 shares or 0% of all its holdings. Legal And General Grp Public Ltd Company owns 99,655 shares or 0% of their US portfolio. Pnc Serv accumulated 1,067 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,320 shares. Thrivent For Lutherans stated it has 0% of its portfolio in The Ensign Group, Inc. (NASDAQ:ENSG). Principal Fin Group holds 0.01% in The Ensign Group, Inc. (NASDAQ:ENSG) or 369,369 shares. Voya Investment Lc reported 23,013 shares stake. Moreover, Laurion Cap Management Lp has 0% invested in The Ensign Group, Inc. (NASDAQ:ENSG). 6,407 are owned by Panagora Asset Management. Boston Llc, a Massachusetts-based fund reported 38,980 shares. Financial Architects Incorporated reported 421 shares. Sei holds 0% or 50 shares. Ls Advsr Lc invested in 0% or 1,538 shares. Scotia Cap Inc holds 0% in The Ensign Group, Inc. (NASDAQ:ENSG) or 10,000 shares.

Among 7 analysts covering Ensign Group (NASDAQ:ENSG), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Ensign Group had 19 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained The Ensign Group, Inc. (NASDAQ:ENSG) rating on Monday, June 26. RBC Capital Markets has “Buy” rating and $2100 target. SunTrust maintained it with “Buy” rating and $27.0 target in Thursday, November 9 report. The firm earned “Buy” rating on Monday, July 31 by RBC Capital Markets. The company was maintained on Thursday, August 4 by SunTrust. The stock of The Ensign Group, Inc. (NASDAQ:ENSG) has “Buy” rating given on Sunday, November 19 by RBC Capital Markets. Oppenheimer maintained The Ensign Group, Inc. (NASDAQ:ENSG) on Thursday, August 3 with “Buy” rating. The rating was downgraded by Wells Fargo on Thursday, May 12 to “Market Perform”. As per Friday, September 1, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Sunday, February 11 by RBC Capital Markets. The stock of The Ensign Group, Inc. (NASDAQ:ENSG) has “Buy” rating given on Monday, November 6 by RBC Capital Markets.

Since December 11, 2017, it had 0 insider purchases, and 11 sales for $3.13 million activity. Hubenette Antoinette T. sold $434,421 worth of The Ensign Group, Inc. (NASDAQ:ENSG) on Thursday, January 11. Port Barry had sold 19,840 shares worth $518,032. Another trade for 5,000 shares valued at $112,750 was made by Wittekind Beverly B. on Monday, December 11.

Jupiter Asset Management Ltd, which manages about $3.48 billion US Long portfolio, upped its stake in E Trade Financial Corp (NASDAQ:ETFC) by 550,922 shares to 568,422 shares, valued at $28.18M in 2017Q4, according to the filing. It also increased its holding in Paypal Hldgs Inc by 18,400 shares in the quarter, for a total of 415,000 shares, and has risen its stake in Ollies Bargain Outlt Hldgs I.

Analysts await The Ensign Group, Inc. (NASDAQ:ENSG) to report earnings on May, 7. They expect $0.42 EPS, up 35.48% or $0.11 from last year’s $0.31 per share. ENSG’s profit will be $21.89 million for 16.76 P/E if the $0.42 EPS becomes a reality. After $0.34 actual EPS reported by The Ensign Group, Inc. for the previous quarter, Wall Street now forecasts 23.53% EPS growth.

General Electric Company (NYSE:GE) Institutional Positions Chart

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By1 Louis Casey

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