General Electric Co (GE) Holder Park Circle Co Lifted Holding by $1.16 Million; Visa Cl A (V) Market Value Rose While Bridgecreek Investment Management Upped Position

January 19, 2018 - By Marguerite Chambers

Peter S. Park increased its stake in General Electric Co (GE) by 16.41% based on its latest 2017Q3 regulatory filing with the SEC. Park Circle Co bought 48,500 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund run by Peter S. Park held 344,050 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $8.32 million, up from 295,550 at the end of the previous reported quarter. Park Circle Co who had been investing in General Electric Co for a number of months, seems to be bullish on the $140.75 billion market cap company. The stock decreased 3.22% or $0.54 during the last trading session, reaching $16.23. About 182.53 million shares traded or 105.70% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 19, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Bridgecreek Investment Management Llc increased its stake in Visa Inc Cl A (V) by 26.77% based on its latest 2017Q3 regulatory filing with the SEC. Bridgecreek Investment Management Llc bought 7,295 shares as the company’s stock rose 5.74% with the market. The institutional investor held 34,548 shares of the business services company at the end of 2017Q3, valued at $3.64 million, up from 27,253 at the end of the previous reported quarter. Bridgecreek Investment Management Llc who had been investing in Visa Inc Cl A for a number of months, seems to be bullish on the $277.85 billion market cap company. The stock decreased 0.41% or $0.5043 during the last trading session, reaching $122.6057. About 5.82 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since January 19, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Bridgecreek Investment Management Llc, which manages about $625.00M and $368.14 million US Long portfolio, decreased its stake in Under Armour Inc Cl A (NYSE:UA) by 232,990 shares to 17,500 shares, valued at $288,000 in 2017Q3, according to the filing. It also reduced its holding in Southwestern Energy Co (NYSE:SWN) by 146,250 shares in the quarter, leaving it with 36,500 shares, and cut its stake in Wynn Resorts Ltd (NASDAQ:WYNN).

Among 40 analysts covering Visa Inc. (NYSE:V), 33 have Buy rating, 0 Sell and 7 Hold. Therefore 83% are positive. Visa Inc. had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 25 by Stifel Nicolaus. Citigroup maintained it with “Buy” rating and $124 target in Wednesday, October 18 report. The firm has “Buy” rating by Nomura given on Thursday, October 26. Cowen & Co maintained Visa Inc. (NYSE:V) rating on Friday, June 23. Cowen & Co has “Outperform” rating and $105 target. Buckingham Research maintained the shares of V in report on Thursday, October 26 with “Buy” rating. The firm earned “Buy” rating on Monday, July 17 by Oppenheimer. On Thursday, October 22 the stock rating was initiated by Wells Fargo with “Outperform”. The firm earned “Buy” rating on Monday, August 21 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 22. Cowen & Co maintained the shares of V in report on Friday, July 21 with “Buy” rating.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2. It dropped, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Bedrijfstakpensioenfonds Voor De Media Pno accumulated 247,000 shares or 2.92% of the stock. Savings Bank Hapoalim Bm has invested 1.12% of its portfolio in Visa Inc. (NYSE:V). Cambridge Investment Rech Advisors Incorporated stated it has 229,059 shares or 0.32% of all its holdings. Kemnay Advisory Svcs holds 2.01% or 44,450 shares. California State Teachers Retirement Systems, California-based fund reported 3.12 million shares. Mirador Partners Lp stated it has 12,295 shares. Wesbanco National Bank Inc has 11,363 shares. Tcw Gru stated it has 2.74M shares. Fisher Asset Ltd Llc has invested 2.36% in Visa Inc. (NYSE:V). Harvest Capital Inc holds 3,616 shares or 0.15% of its portfolio. Southpoint Advsrs L P, a New York-based fund reported 400,000 shares. Bowen Hanes & Co reported 313,362 shares or 1.55% of all its holdings. Crossvault Cap Mngmt Ltd Liability Com, a Texas-based fund reported 52,665 shares. Sta Wealth Mgmt Limited Liability Corp holds 0.1% or 2,616 shares. S&Co stated it has 6,100 shares or 0.08% of all its holdings.

Since August 17, 2017, it had 0 buys, and 3 selling transactions for $7.43 million activity. On Friday, December 15 the insider MAHON TULLIER KELLY sold $5.65 million. MATSCHULLAT ROBERT W had sold 6,220 shares worth $707,561 on Wednesday, December 13.

Investors sentiment decreased to 0.69 in Q3 2017. 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. Westport Asset Mgmt holds 0.77% of its portfolio in General Electric Company (NYSE:GE) for 42,178 shares. Baxter Bros reported 357,583 shares. Captrust Fincl Advsrs, North Carolina-based fund reported 855 shares. Gfs Advsrs Limited Liability Com reported 3.48% of its portfolio in General Electric Company (NYSE:GE). Moreover, Franklin Street Nc has 0.31% invested in General Electric Company (NYSE:GE) for 77,052 shares. Salem Invest Counselors has 365,451 shares for 1.05% of their portfolio. Parthenon Lc holds 2.66% or 466,060 shares in its portfolio. The Ohio-based Johnson Invest Counsel has invested 0.47% in General Electric Company (NYSE:GE). Miles Inc invested 0.7% of its portfolio in General Electric Company (NYSE:GE). Meiji Yasuda Life Com invested in 0.74% or 206,685 shares. Bailard stated it has 0.06% of its portfolio in General Electric Company (NYSE:GE). Sageworth Tru holds 0% in General Electric Company (NYSE:GE) or 150 shares. 356,115 were accumulated by Ironwood Investment Counsel Limited Liability Co. 80,655 are held by Notis. Aristotle Capital Mngmt Limited Liability holds 3.69 million shares.

Among 27 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 12 Hold. Therefore 37% are positive. General Electric Company had 82 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded General Electric Company (NYSE:GE) rating on Wednesday, August 26. Vetr has “Buy” rating and $26.28 target. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Cowen & Co on Monday, July 17. The rating was maintained by Cowen & Co with “Hold” on Thursday, October 19. The company was maintained on Tuesday, August 25 by Deutsche Bank. The stock has “Neutral” rating by Bank of America on Wednesday, April 26. The stock of General Electric Company (NYSE:GE) has “Market Perform” rating given on Tuesday, July 26 by Bernstein. The firm earned “Market Perform” rating on Tuesday, June 7 by Cowen & Co. The firm earned “Buy” rating on Wednesday, April 12 by Credit Suisse. The rating was maintained by RBC Capital Markets on Monday, January 25 with “Outperform”. The rating was maintained by J.P. Morgan on Monday, October 9 with “Sell”.

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