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Saybrook Capital Has Cut Its Stake in General Elec Co (GE) as Valuation Declined; Walthausen & Company Stake in Era Group (ERA) Has Lowered by $703,900 as Share Value Declined

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Saybrook Capital decreased its stake in General Elec Co (GE) by 80.13% based on its latest 2017Q4 regulatory filing with the SEC. Saybrook Capital sold 404,512 shares as the company’s stock declined 23.20% with the market. The institutional investor held 100,309 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $1.75 million, down from 504,821 at the end of the previous reported quarter. Saybrook Capital who had been investing in General Elec Co for a number of months, seems to be less bullish one the $123.16 billion market cap company. The stock decreased 7.26% or $1.11 during the last trading session, reaching $14.18. About 146.19 million shares traded or 105.68% up from the average. General Electric Company (NYSE:GE) has declined 54.35% since May 23, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Walthausen & Company decreased its stake in Era Group Inc (ERA) by 9.64% based on its latest 2017Q4 regulatory filing with the SEC. Walthausen & Company sold 70,390 shares as the company’s stock declined 15.27% with the market. The institutional investor held 659,696 shares of the transportation company at the end of 2017Q4, valued at $7.09M, down from 730,086 at the end of the previous reported quarter. Walthausen & Company who had been investing in Era Group Inc for a number of months, seems to be less bullish one the $278.05 million market cap company. The stock increased 1.58% or $0.2 during the last trading session, reaching $12.82. About 56,798 shares traded. Era Group Inc. (NYSE:ERA) has declined 19.60% since May 23, 2017 and is downtrending. It has underperformed by 31.15% the S&P500.

Walthausen & Company, which manages about $1.45 billion and $1.06B US Long portfolio, upped its stake in Overseas Shipholding Group Inc by 843,140 shares to 2.06 million shares, valued at $5.66 million in 2017Q4, according to the filing. It also increased its holding in Mdc Holdings Inc (NYSE:MDC) by 14,545 shares in the quarter, for a total of 196,381 shares, and has risen its stake in Steelcase Inc (NYSE:SCS).

Among 2 analysts covering Era Group Inc (NYSE:ERA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Era Group Inc had 4 analyst reports since September 15, 2015 according to SRatingsIntel. Oppenheimer maintained the stock with “Outperform” rating in Friday, October 23 report. The stock has “Outperform” rating by Oppenheimer on Tuesday, September 15.

Since March 12, 2018, it had 0 buys, and 12 sales for $487,359 activity. White Paul T had sold 2,323 shares worth $21,627. On Tuesday, March 20 the insider Whalen Jennifer Dawn sold $5,971. Another trade for 6,090 shares valued at $56,698 was made by Bradshaw Christopher Scott on Thursday, March 15.

Investors sentiment decreased to 1.43 in 2017 Q4. Its down 0.34, from 1.77 in 2017Q3. It worsened, as 8 investors sold ERA shares while 29 reduced holdings. 22 funds opened positions while 31 raised stakes. 18.18 million shares or 0.09% more from 18.16 million shares in 2017Q3 were reported. Stone Ridge Asset Management Ltd stated it has 19,263 shares or 0.01% of all its holdings. Texas-based Texas Permanent School Fund has invested 0% in Era Group Inc. (NYSE:ERA). Dimensional Fund Limited Partnership accumulated 1.74M shares. Wellington Mgmt Grp Inc Llp invested 0.01% of its portfolio in Era Group Inc. (NYSE:ERA). Tiaa Cref Investment Management Ltd Com stated it has 94,128 shares. Royal Financial Bank Of Canada stated it has 13,500 shares or 0% of all its holdings. The Ohio-based Public Employees Retirement Of Ohio has invested 0% in Era Group Inc. (NYSE:ERA). Citigroup owns 37,611 shares for 0% of their portfolio. Ameritas Investment Prtn has invested 0% of its portfolio in Era Group Inc. (NYSE:ERA). Botty Investors holds 0.07% of its portfolio in Era Group Inc. (NYSE:ERA) for 19,712 shares. D E Shaw & Company reported 0% stake. Manufacturers Life The, a Ontario – Canada-based fund reported 17,483 shares. Cornerstone Cap Management Hldgs Ltd Liability Corp holds 31,700 shares. Meeder Asset Mngmt Incorporated has invested 0% in Era Group Inc. (NYSE:ERA). The New York-based Jpmorgan Chase And has invested 0% in Era Group Inc. (NYSE:ERA).

More news for Era Group Inc. (NYSE:ERA) were recently published by: Globenewswire.com, which released: “Era Group Announces Q1 2018 Earnings Release Call” on April 24, 2018. Seekingalpha.com‘s article titled: “Era Group’s (ERA) CEO Chris Bradshaw on Q1 2018 Results – Earnings Call Transcript” and published on May 02, 2018 is yet another important article.

Saybrook Capital, which manages about $216.24 million US Long portfolio, upped its stake in Verizon Communications (NYSE:VZ) by 18,250 shares to 30,817 shares, valued at $1.63M in 2017Q4, according to the filing. It also increased its holding in Apple Computer (NASDAQ:AAPL) by 1,810 shares in the quarter, for a total of 59,307 shares, and has risen its stake in Kraft Heinz Co.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It worsened, 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. Apriem Advisors owns 18,163 shares for 0.08% of their portfolio. Capital Advsrs Ok accumulated 81,269 shares or 0.08% of the stock. Barclays Public Ltd reported 20.70 million shares stake. Exane Derivatives has 0.45% invested in General Electric Company (NYSE:GE). Moreover, Payden And Rygel has 0.01% invested in General Electric Company (NYSE:GE). Barr E S & reported 10,508 shares. Hbk Sorce Advisory Ltd Co invested in 158,980 shares. Advisory Ser Net Llc holds 0.25% of its portfolio in General Electric Company (NYSE:GE) for 166,455 shares. Suntrust Banks holds 0.33% or 3.57M shares. Palisade Asset Ltd Limited Liability Company owns 370,929 shares. Michigan-based Regal Inv Advsr Ltd Liability Corporation has invested 0.72% in General Electric Company (NYSE:GE). Moreover, Pnc Financial Svcs Group Inc Inc has 0.41% invested in General Electric Company (NYSE:GE) for 24.38 million shares. Qcm Cayman Ltd holds 10,431 shares. Arkansas-based Horrell Capital Management Inc has invested 0.03% in General Electric Company (NYSE:GE). Thompson Siegel Walmsley Llc has 164,318 shares for 0.03% of their portfolio.

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

More notable recent General Electric Company (NYSE:GE) news were published by: Livetradingnews.com which released: “General Electric Company (NYSE:GE) Stock Worth Watching” on May 22, 2018, also Seekingalpha.com with their article: “JPMorgan: GE short of healthy balance sheet” published on May 22, 2018, Streetinsider.com published: “GE CEO sees no profit growth at power unit this year” on May 23, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE: The Real Problem” published on May 21, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric’s Death Could Be Best For Shareholders” with publication date: April 25, 2018.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 20. They expect $0.18 EPS, down 35.71% or $0.10 from last year’s $0.28 per share. GE’s profit will be $1.56B for 19.69 P/E if the $0.18 EPS becomes a reality. After $0.16 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

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 103 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained the shares of GE in report on Tuesday, November 21 with “Sell” rating. The firm earned “Buy” rating on Tuesday, November 14 by Bank of America. Bernstein upgraded the stock to “Outperform” rating in Friday, December 16 report. Vetr upgraded the shares of GE in report on Wednesday, August 26 to “Buy” rating. The stock of General Electric Company (NYSE:GE) has “Sell” rating given on Friday, July 22 by Standpoint Research. The company was maintained on Wednesday, April 12 by Credit Suisse. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by DZ Bank on Friday, January 26. On Monday, June 12 the stock rating was maintained by Oppenheimer with “Hold”. As per Wednesday, December 23, the company rating was maintained by Argus Research. The rating was downgraded by Oppenheimer to “Underperform” on Tuesday, October 24.

General Electric Company (NYSE:GE) Institutional Positions Chart

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