Hotchkis & Wiley Capital Management LLC Boosted Its Position in General Electric Co (GE) by $43.93 Million

General Electric Company (NYSE:GE) LogoInvestors sentiment increased to 0.71 in 2019 Q1. Its up 0.21, from 0.5 in 2018Q4. It increased, as 98 investors sold GE shares while 588 reduced holdings. 115 funds opened positions while 369 raised stakes. 4.87 billion shares or 1.47% more from 4.80 billion shares in 2018Q4 were reported. Bkd Wealth Advsr Limited Com reported 0.04% in General Electric Company (NYSE:GE). 68.36 million were reported by Franklin Resources. Adams Diversified Equity Fund Inc holds 0.14% or 246,500 shares. Parallax Volatility Advisers LP has invested 0.01% in General Electric Company (NYSE:GE). Peak Asset Mngmt Ltd Liability Corp accumulated 24,260 shares or 0.08% of the stock. Citizens And Northern invested in 12,506 shares. Garrison Asset Management Ltd Liability Company owns 40,616 shares. Thrivent Fincl For Lutherans reported 458,138 shares. Exchange Capital Mngmt, a Michigan-based fund reported 20,340 shares. Plancorp Ltd Liability Co reported 119,254 shares stake. Anderson Hoagland & accumulated 102,490 shares or 0.62% of the stock. Holt Ltd Co Dba Holt Ltd Partnership has 0.19% invested in General Electric Company (NYSE:GE). Eagle Advsrs Ltd Liability invested in 0.01% or 20,924 shares. Bruce And Incorporated owns 425,000 shares. 86,846 are held by Atria Invs Ltd Limited Liability Company.

Since May 23, 2019, it had 1 insider buy, and 0 insider sales for $97,500 activity.

Hotchkis & Wiley Capital Management Llc increased its stake in General Electric Co (GE) by 5.79% based on its latest 2019Q1 regulatory filing with the SEC. Hotchkis & Wiley Capital Management Llc bought 4.88M shares as the company’s stock rose 2.93% with the market. The institutional investor held 89.19M shares of the consumer electronics and appliances company at the end of 2019Q1, valued at $890.97 million, up from 84.31M at the end of the previous reported quarter. Hotchkis & Wiley Capital Management Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $90.44 billion market cap company. The stock increased 2.57% or $0.26 during the last trading session, reaching $10.37. About 37.44 million shares traded. General Electric Company (NYSE:GE) has declined 27.44% since July 14, 2018 and is downtrending. It has underperformed by 31.87% the S&P500.

Hotchkis & Wiley Capital Management Llc, which manages about $25.96B and $24.98 billion US Long portfolio, decreased its stake in Mondelez Intl Inc (NASDAQ:MDLZ) by 2.57 million shares to 4.69 million shares, valued at $234.11M in 2019Q1, according to the filing. It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 5.73 million shares in the quarter, leaving it with 11.88M shares, and cut its stake in Whiting Pete Corp New.

More notable recent General Electric Company (NYSE:GE) news were published by: Forbes.com which released: “GE’s Growth Over Coming Years Will Depend Primarily On The Success Of Its Aviation Business – Forbes” on July 09, 2019, also Fool.com with their article: “Amazon Air Capacity Expands With New 15-Plane Order – The Motley Fool” published on June 30, 2019, Seekingalpha.com published: “General Electric’s Fallen Angel Has Some Light Left – Seeking Alpha” on June 27, 2019. More interesting news about General Electric Company (NYSE:GE) were released by: Investorplace.com and their article: “3 Big Stock Charts for Friday: Verizon, General Electric and Ventas – Investorplace.com” published on June 21, 2019 as well as Finance.Yahoo.com‘s news article titled: “GE Aviation Keeps Confounding the Bears – Yahoo Finance” with publication date: June 25, 2019.

General Electric Company (NYSE:GE) Ratings Coverage

Among 14 analysts covering General Electric (NYSE:GE), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. General Electric had 40 analyst reports since January 31, 2019 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Hold” on Monday, February 25. On Monday, March 11 the stock rating was maintained by Citigroup with “Buy”. The rating was maintained by J.P. Morgan with “Hold” on Wednesday, February 27. The stock of General Electric Company (NYSE:GE) earned “Overweight” rating by Barclays Capital on Monday, March 4. On Monday, February 25 the stock rating was maintained by CFRA with “Buy”. The rating was maintained by UBS on Tuesday, February 26 with “Buy”. The company was downgraded on Friday, February 1 by Vertical Research. The rating was maintained by Barclays Capital on Monday, March 18 with “Buy”. The stock has “Hold” rating by J.P. Morgan on Thursday, February 14. J.P. Morgan maintained it with “Hold” rating and $6 target in Tuesday, March 5 report.

General Electric Company (NYSE:GE) Institutional Positions Chart

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