As Colfax (CFX) Market Valuation Rose, Columbus Circle Investors Has Boosted Holding; Wetherby Asset Management Has Decreased Its General Electric Co (GE) Holding by $538,824; Stock Declined

February 15, 2018 - By Vivian Park

Wetherby Asset Management Inc decreased its stake in General Electric Co (GE) by 11.24% based on its latest 2017Q3 regulatory filing with the SEC. Wetherby Asset Management Inc sold 22,451 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 177,360 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.29M, down from 199,811 at the end of the previous reported quarter. Wetherby Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $128.44 billion market cap company. The stock decreased 0.60% or $0.089 during the last trading session, reaching $14.811. About 44.04 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 15, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Donald Chiboucis increased its stake in Colfax Corp (CFX) by 4.82% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Circle Investors bought 17,015 shares as the company’s stock rose 1.39% with the market. The hedge fund run by Donald Chiboucis held 369,690 shares of the fluid controls company at the end of 2017Q3, valued at $15.39M, up from 352,675 at the end of the previous reported quarter. Columbus Circle Investors who had been investing in Colfax Corp for a number of months, seems to be bullish on the $4.10 billion market cap company. The stock increased 0.15% or $0.05 during the last trading session, reaching $33.27. About 1.26M shares traded or 42.70% up from the average. Colfax Corporation (NYSE:CFX) has risen 61.22% since February 15, 2017 and is uptrending. It has outperformed by 44.52% the S&P500.

Since August 22, 2017, it had 2 buys, and 0 selling transactions for $2.50 million activity. TISCH JAMES S also bought $2.46 million worth of General Electric Company (NYSE:GE) on Tuesday, August 22.

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 89 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, November 30, the company rating was maintained by RBC Capital Markets. On Monday, August 17 the stock rating was maintained by S&P Research with “Buy”. Morgan Stanley maintained General Electric Company (NYSE:GE) on Monday, October 2 with “Equal-Weight” rating. The firm has “Buy” rating by Credit Suisse given on Wednesday, April 12. The company was maintained on Thursday, October 5 by Credit Suisse. RBC Capital Markets maintained it with “Buy” rating and $31.0 target in Friday, September 15 report. The rating was maintained by RBC Capital Markets on Wednesday, October 11 with “Buy”. JP Morgan maintained General Electric Company (NYSE:GE) rating on Wednesday, November 1. JP Morgan has “Underweight” rating and $17 target. Deutsche Bank downgraded General Electric Company (NYSE:GE) rating on Friday, May 12. Deutsche Bank has “Sell” rating and $24 target. Bernstein downgraded the stock to “Market Perform” rating in Monday, April 4 report.

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. Moreover, Exane Derivatives has 0.17% invested in General Electric Company (NYSE:GE) for 38,507 shares. Ig Invest Limited stated it has 5.73M shares. Bank Of Montreal Can holds 0.24% in General Electric Company (NYSE:GE) or 10.89M shares. Ameriprise Incorporated stated it has 20.10 million shares. Tt holds 1.25% of its portfolio in General Electric Company (NYSE:GE) for 308,924 shares. Harvey Capital Management holds 0.24% or 25,000 shares in its portfolio. Dana Investment holds 0.09% of its portfolio in General Electric Company (NYSE:GE) for 83,545 shares. Meridian Invest Counsel invested in 66,300 shares or 1.07% of the stock. Destination Wealth Mgmt holds 1.3% or 840,973 shares. Vaughan Nelson Mngmt Lp invested in 0.01% or 47,825 shares. Meiji Yasuda Life Ins Co owns 206,685 shares. Ing Groep Nv accumulated 586,042 shares or 0.27% of the stock. Investors, California-based fund reported 156.90 million shares. Alliancebernstein L P, New York-based fund reported 15.58 million shares. Union Financial Bank has invested 1.32% of its portfolio in General Electric Company (NYSE:GE).

Among 20 analysts covering Colfax (NYSE:CFX), 12 have Buy rating, 2 Sell and 6 Hold. Therefore 60% are positive. Colfax had 62 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 15 by RBC Capital Markets. The firm earned “Buy” rating on Thursday, October 15 by Stifel Nicolaus. The firm has “Market Perform” rating given on Wednesday, October 18 by Cowen & Co. The firm has “Perform” rating given on Friday, December 4 by Oppenheimer. The firm earned “Outperform” rating on Friday, January 13 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, November 7 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $45.0 target in Thursday, August 24 report. The firm earned “Buy” rating on Friday, September 1 by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets on Tuesday, February 6 with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 28.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.29, from 1.35 in 2017Q2. It turned negative, as 25 investors sold CFX shares while 71 reduced holdings. 29 funds opened positions while 73 raised stakes. 90.81 million shares or 0.75% less from 91.50 million shares in 2017Q2 were reported. M&T National Bank has 5,424 shares. Pacad Investment Ltd reported 0.03% in Colfax Corporation (NYSE:CFX). D E Shaw And reported 0.03% stake. Glenmede Tru Na holds 0% of its portfolio in Colfax Corporation (NYSE:CFX) for 373 shares. Castleark Lc has 78,985 shares for 0.1% of their portfolio. Exane Derivatives has 582 shares for 0% of their portfolio. 25,604 were accumulated by Bogle Mgmt Ltd Partnership De. Motley Fool Wealth Ltd Com owns 226,005 shares or 0.8% of their US portfolio. Broadview Advisors Llc reported 180,255 shares stake. Products Prns Limited Liability Company holds 0.13% in Colfax Corporation (NYSE:CFX) or 96,859 shares. Quantbot Techs LP holds 0.09% or 21,579 shares in its portfolio. The New York-based Tiaa Cref Invest Management Ltd has invested 0.03% in Colfax Corporation (NYSE:CFX). Ameriprise Fincl owns 47,990 shares or 0% of their US portfolio. Quantitative Investment Mgmt Lc has invested 0.01% in Colfax Corporation (NYSE:CFX). Capital Fund Mngmt Sa accumulated 0.01% or 31,500 shares.

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