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Corsair Capital Management LP Has Cut Its Holding in Kar Auction Svcs (KAR) as Share Value Rose; Abner Herrman & Brock Trimmed Holding in General Electric Co (GE) as Stock Price Declined

KAR Auction Services, Inc. (NYSE:KAR) Logo

Jay Petschek decreased its stake in Kar Auction Svcs Inc (KAR) by 77.51% based on its latest 2017Q4 regulatory filing with the SEC. Corsair Capital Management Lp sold 225,419 shares as the company’s stock rose 4.37% while stock markets declined. The hedge fund run by Jay Petschek held 65,403 shares of the consumer durables company at the end of 2017Q4, valued at $3.30M, down from 290,822 at the end of the previous reported quarter. Corsair Capital Management Lp who had been investing in Kar Auction Svcs Inc for a number of months, seems to be less bullish one the $7.21 billion market cap company. The stock increased 0.91% or $0.48 during the last trading session, reaching $53.4. About 226,828 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 22.53% since May 16, 2017 and is uptrending. It has outperformed by 10.98% the S&P500.

Abner Herrman & Brock Llc decreased its stake in General Electric Co (GE) by 63.25% based on its latest 2017Q4 regulatory filing with the SEC. Abner Herrman & Brock Llc sold 36,400 shares as the company’s stock declined 23.20% with the market. The institutional investor held 21,149 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $369,000, down from 57,549 at the end of the previous reported quarter. Abner Herrman & Brock Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $129.58 billion market cap company. The stock increased 1.42% or $0.2093 during the last trading session, reaching $14.9193. About 15.84 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since May 16, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Investors sentiment increased to 1.69 in 2017 Q4. Its up 0.36, from 1.33 in 2017Q3. It is positive, as 28 investors sold KAR shares while 77 reduced holdings. 58 funds opened positions while 119 raised stakes. 127.57 million shares or 1.62% less from 129.67 million shares in 2017Q3 were reported. Willingdon Wealth Mgmt has 0% invested in KAR Auction Services, Inc. (NYSE:KAR) for 67 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in KAR Auction Services, Inc. (NYSE:KAR). Amundi Pioneer Asset Mgmt reported 285,280 shares. Nuveen Asset Mgmt Lc stated it has 40,605 shares or 0.01% of all its holdings. Tudor Investment Et Al reported 86,426 shares stake. Atlantic Grp Ltd Com holds 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR) for 109 shares. Voya Management Llc stated it has 49,499 shares. River Road Asset Management Ltd Com has invested 1.19% in KAR Auction Services, Inc. (NYSE:KAR). Columbia Partners L L C Investment Mngmt accumulated 43,182 shares. Tdam Usa has 0.07% invested in KAR Auction Services, Inc. (NYSE:KAR) for 23,000 shares. Brown Advisory reported 15,521 shares. The Tennessee-based First Mercantile Trust has invested 0.07% in KAR Auction Services, Inc. (NYSE:KAR). Fmr Limited Liability invested 0.05% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Tributary Mngmt Limited Liability stated it has 0.22% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Guardian Cap Limited Partnership holds 7,831 shares or 0.01% of its portfolio.

Among 13 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. KAR Auction Services had 32 analyst reports since July 24, 2015 according to SRatingsIntel. Gabelli upgraded the shares of KAR in report on Thursday, March 1 to “Buy” rating. The firm has “Buy” rating given on Monday, September 11 by Jefferies. Zacks upgraded the shares of KAR in report on Wednesday, September 2 to “Buy” rating. Zacks upgraded it to “Hold” rating and $41 target in Friday, August 21 report. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Overweight” rating given on Monday, October 30 by JP Morgan. The firm has “Buy” rating given on Wednesday, March 21 by Barrington. The firm has “Buy” rating by Bank of America given on Friday, March 2. The stock has “Buy” rating by Zacks on Monday, August 24. As per Tuesday, October 3, the company rating was maintained by Robert W. Baird. The stock of KAR Auction Services, Inc. (NYSE:KAR) earned “Positive” rating by Susquehanna on Friday, August 26.

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on August, 14. They expect $0.80 EPS, up 23.08% or $0.15 from last year’s $0.65 per share. KAR’s profit will be $107.97 million for 16.69 P/E if the $0.80 EPS becomes a reality. After $0.82 actual EPS reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts -2.44% negative EPS growth.

Corsair Capital Management Lp, which manages about $1.44 billion and $559.98 million US Long portfolio, upped its stake in Spx Corp (SPW) by 10,619 shares to 786,272 shares, valued at $24.68M in 2017Q4, according to the filing. It also increased its holding in Aci Worldwide Inc (NASDAQ:ACIW) by 568,164 shares in the quarter, for a total of 608,164 shares, and has risen its stake in Citigroup Inc (NYSE:C).

More important recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Seekingalpha.com which released: “KAR Auction Services (KAR) Q1 2018 Results – Earnings Call Transcript” on May 09, 2018, also Globenewswire.com published article titled: “KAR Auction Services, Inc. to Announce First Quarter 2018 Earnings”, Globenewswire.com published: “Report: Developing Opportunities within CytomX Therapeutics, Pegasystems, Greif, Belden, Payment Data, and KAR …” on April 26, 2018. More interesting news about KAR Auction Services, Inc. (NYSE:KAR) was released by: Globenewswire.com and their article: “KAR Auction Services, Inc. Reports First Quarter 2018 Financial Results” with publication date: May 08, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 6 Sell and 14 Hold. Therefore 31% are positive. General Electric Company had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, October 14. Citigroup maintained General Electric Company (NYSE:GE) rating on Monday, October 23. Citigroup has “Buy” rating and $28 target. Stifel Nicolaus maintained it with “Hold” rating and $17 target in Tuesday, January 30 report. On Thursday, January 21 the stock rating was initiated by Citigroup with “Buy”. J.P. Morgan maintained the stock with “Sell” rating in Monday, October 9 report. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Wednesday, April 12 by Credit Suisse. DZ Bank downgraded General Electric Company (NYSE:GE) on Friday, January 26 to “Hold” rating. Morgan Stanley maintained the shares of GE in report on Monday, July 17 with “Equal-Weight” rating. RBC Capital Markets maintained General Electric Company (NYSE:GE) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $33 target. The rating was downgraded by DZ Bank to “Sell” on Wednesday, March 28.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 earnings per share, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 20.72 P/E if the $0.18 EPS becomes a reality. After $0.16 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It dived, 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. Gotham Asset Management Ltd Liability Co holds 0.12% or 463,061 shares in its portfolio. Anderson Hoagland stated it has 51,500 shares. Noesis Mangement Corporation, a Florida-based fund reported 40,557 shares. 135,800 were reported by Ruffer Llp. Hanson Mcclain holds 0.05% in General Electric Company (NYSE:GE) or 33,287 shares. Vaughan Nelson Management LP holds 0.01% or 47,825 shares. The Ohio-based Johnson Investment Counsel Inc has invested 0.23% in General Electric Company (NYSE:GE). 100,442 are owned by Somerville Kurt F. Schwerin Boyle Capital Mngmt has 993,112 shares for 1.89% of their portfolio. Cap World Invsts holds 0.4% of its portfolio in General Electric Company (NYSE:GE) for 104.82M shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh owns 480,093 shares for 0.32% of their portfolio. Metropolitan Life Insur owns 1.41M shares. Capital Mngmt Assoc Ny invested in 0.94% or 37,850 shares. Fayez Sarofim And holds 0.01% or 94,409 shares. Genesee Valley Tru holds 35,356 shares.

More notable recent General Electric Company (NYSE:GE) news were published by: Seekingalpha.com which released: “General Electric: Finally, It’s Over” on April 23, 2018, also Fool.com with their article: “3 Ways The Boeing Company Is Making Money for Investors” published on May 16, 2018, Marketwatch.com published: “GE’s stock survived the battle of the ‘breakaway gap,’ and that may have won bulls the war” on May 11, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “Alstom exits joint ventures with GE” published on May 10, 2018 as well as Seekingalpha.com‘s news article titled: “3D printing for the military at GE” with publication date: May 02, 2018.

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

Abner Herrman & Brock Llc, which manages about $1.13 billion and $594.27M US Long portfolio, upped its stake in American Express Co (NYSE:AXP) by 17,525 shares to 117,720 shares, valued at $11.69M in 2017Q4, according to the filing. It also increased its holding in Mcdonalds Corp (NYSE:MCD) by 2,325 shares in the quarter, for a total of 6,285 shares, and has risen its stake in Citigroup Inc (NYSE:C).

General Electric Company (NYSE:GE) Institutional Positions Chart

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