Check Capital Management Holding in Wyndham (WYN) Cut as Share Value Rose; Mathes Company Lowered General Electric Co (GE) Position by $1.77 Million

January 16, 2018 - By Ellis Scott

Mathes Company Inc decreased its stake in General Electric Co (GE) by 49.36% based on its latest 2017Q3 regulatory filing with the SEC. Mathes Company Inc sold 73,650 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 75,559 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $1.83M, down from 149,209 at the end of the previous reported quarter. Mathes Company Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $156.18B market cap company. The stock decreased 4.00% or $0.75 during the last trading session, reaching $18.01. About 127.90 million shares traded or 56.05% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 16, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Check Capital Management Inc decreased its stake in Wyndham (WYN) by 28.74% based on its latest 2017Q3 regulatory filing with the SEC. Check Capital Management Inc sold 37,698 shares as the company’s stock rose 12.67% with the market. The hedge fund held 93,471 shares of the hotels and resorts company at the end of 2017Q3, valued at $9.85M, down from 131,169 at the end of the previous reported quarter. Check Capital Management Inc who had been investing in Wyndham for a number of months, seems to be less bullish one the $11.93 billion market cap company. The stock decreased 0.14% or $0.1613 during the last trading session, reaching $117.7687. About 559,434 shares traded. Wyndham Worldwide Corporation (NYSE:WYN) has risen 43.20% since January 16, 2017 and is uptrending. It has outperformed by 26.50% the S&P500.

Since August 8, 2017, it had 2 insider buys, and 1 sale for $4.48 million activity. Flannery John Leonard also bought $2.66 million worth of General Electric Company (NYSE:GE) shares. Another trade for 100,000 shares valued at $2.46 million was bought by TISCH JAMES S.

Mathes Company Inc, which manages about $240.09 million and $212.37M US Long portfolio, upped its stake in Pg & E Corp. (NYSE:PCG) by 19,455 shares to 24,535 shares, valued at $1.67M in 2017Q3, according to the filing. It also increased its holding in Ishares Biotechnology Etf (IBB) by 1,060 shares in the quarter, for a total of 4,685 shares, and has risen its stake in Ishares Morningstar Large (JKD).

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 15.53 P/E if the $0.29 EPS becomes a reality. After $0.29 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It fall, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Cutter Brokerage invested in 0.19% or 19,657 shares. Arrow Finance Corp reported 199,631 shares. The Maryland-based Edgemoor Invest has invested 0.08% in General Electric Company (NYSE:GE). Principal Gp Incorporated has 0.3% invested in General Electric Company (NYSE:GE) for 12.74M shares. Confluence Management Ltd Liability holds 1.38% or 2.99M shares. Bahl Gaynor has invested 0.15% in General Electric Company (NYSE:GE). 34,102 are held by Fcg Advsr Lc. Boston Private Wealth Lc stated it has 1.24% in General Electric Company (NYSE:GE). Moreover, Tiedemann Wealth Mgmt Ltd Co has 0.3% invested in General Electric Company (NYSE:GE) for 159,635 shares. Moreover, Polaris Greystone Fincl Ltd Liability Co has 0.02% invested in General Electric Company (NYSE:GE) for 10,669 shares. 37,474 were reported by Cap City Co Fl. Swedbank holds 0.65% in General Electric Company (NYSE:GE) or 4.37M shares. Ngam Advisors Ltd Partnership holds 886,880 shares. Signalpoint Asset Management Limited Liability Company reported 0.45% in General Electric Company (NYSE:GE). Howland Cap Management Limited Liability Com reported 1.29M shares or 2.58% of all its holdings.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Sell” rating in Tuesday, November 21 report. Bank of America upgraded the shares of GE in report on Monday, October 23 to “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, November 30 with “Outperform”. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by William Blair on Tuesday, October 13. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Stifel Nicolaus on Tuesday, October 24. The firm has “Hold” rating by Vetr given on Tuesday, September 22. The stock has “Buy” rating by S&P Research on Monday, August 17. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by BMO Capital Markets on Thursday, March 23. The firm earned “Buy” rating on Wednesday, October 14 by Stifel Nicolaus. The stock has “Buy” rating by Bank of America on Tuesday, November 14.

Analysts await Wyndham Worldwide Corporation (NYSE:WYN) to report earnings on February, 21. They expect $1.35 EPS, 0.00% or $0.00 from last year’s $1.35 per share. WYN’s profit will be $136.79 million for 21.81 P/E if the $1.35 EPS becomes a reality. After $2.03 actual EPS reported by Wyndham Worldwide Corporation for the previous quarter, Wall Street now forecasts -33.50% negative EPS growth.

Investors sentiment decreased to 0.79 in 2017 Q3. Its down 0.03, from 0.82 in 2017Q2. It fall, as 33 investors sold WYN shares while 196 reduced holdings. 52 funds opened positions while 128 raised stakes. 92.86 million shares or 3.09% less from 95.82 million shares in 2017Q2 were reported. Virginia Retirement Et Al has invested 0.23% in Wyndham Worldwide Corporation (NYSE:WYN). Mount Vernon Assoc Inc Md holds 11,100 shares or 1.93% of its portfolio. Karpas Strategies Limited Liability Com holds 0.62% in Wyndham Worldwide Corporation (NYSE:WYN) or 13,400 shares. Shell Asset Mgmt holds 0.05% or 33,738 shares. Centre Asset Management Ltd Liability Corporation has 1.49% invested in Wyndham Worldwide Corporation (NYSE:WYN) for 54,490 shares. Moreover, Cibc World Markets has 0.02% invested in Wyndham Worldwide Corporation (NYSE:WYN) for 15,986 shares. Pnc Serv Gru Inc reported 1.57 million shares. The Maryland-based Profund Advsrs Ltd Liability Corporation has invested 0.01% in Wyndham Worldwide Corporation (NYSE:WYN). Lpl Financial Ltd Liability Com holds 0% of its portfolio in Wyndham Worldwide Corporation (NYSE:WYN) for 11,280 shares. 165,764 are held by Teachers Retirement Of The State Of Kentucky. Globeflex LP accumulated 10,635 shares. The Texas-based Dimensional Fund Advisors LP has invested 0.03% in Wyndham Worldwide Corporation (NYSE:WYN). 57,136 were accumulated by Ameriprise Finance Inc. Boston Private Wealth reported 12,577 shares. Duncker Streett And Company Inc reported 3,440 shares.

Among 11 analysts covering Wyndham Worldwide Corporation (NYSE:WYN), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Wyndham Worldwide Corporation had 20 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Wyndham Worldwide Corporation (NYSE:WYN) earned “Buy” rating by Goldman Sachs on Thursday, October 29. The firm has “Buy” rating by SunTrust given on Tuesday, October 17. Deutsche Bank upgraded the stock to “Hold” rating in Monday, January 11 report. Stifel Nicolaus maintained it with “Buy” rating and $90 target in Friday, December 11 report. The rating was maintained by M Partners on Monday, December 5 with “Buy”. Telsey Advisory Group downgraded Wyndham Worldwide Corporation (NYSE:WYN) on Friday, August 4 to “Market Perform” rating. Stifel Nicolaus maintained it with “Buy” rating and $112.0 target in Monday, October 23 report. The company was maintained on Thursday, January 14 by M Partners. The stock of Wyndham Worldwide Corporation (NYSE:WYN) has “Underperform” rating given on Friday, April 28 by Wolfe Research. The firm earned “Buy” rating on Wednesday, August 2 by Stifel Nicolaus.

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