As Orion Engineered Carbons S A (OEC) Stock Price Declined, Holder Adirondack Research & Management Has Trimmed Holding by $974,754; First Heartland Consultants Boosted Position in General Electric Co (GE)

August 9, 2018 - By Anthony Rauscher

General Electric Company (NYSE:GE) Logo

Adirondack Research & Management Inc decreased its stake in Orion Engineered Carbons S A (OEC) by 22.39% based on its latest 2018Q1 regulatory filing with the SEC. Adirondack Research & Management Inc sold 36,102 shares as the company’s stock declined 3.64% with the market. The institutional investor held 125,158 shares of the major chemicals company at the end of 2018Q1, valued at $3.39M, down from 161,260 at the end of the previous reported quarter. Adirondack Research & Management Inc who had been investing in Orion Engineered Carbons S A for a number of months, seems to be less bullish one the $2.08 billion market cap company. The stock decreased 2.51% or $0.9 during the last trading session, reaching $34.9. About 419,428 shares traded. Orion Engineered Carbons, S.A. (NYSE:OEC) has risen 56.62% since August 9, 2017 and is uptrending. It has outperformed by 44.05% the S&P500. Some Historical OEC News: 14/05/2018 – Cardinal Capital Buys New 1.2% Position in Orion Engineered; 11/04/2018 – Moody’s Changes Orion Outlook To Positive; Affirms Ba3 Cfr; 20/03/2018 – Orion Engineered Carbons to Add Specialty Carbon Black Production Line in Italy; 09/04/2018 – S&PGR: Revision of Outlook to Positive Reflects Orion’s Better-Than-Expected Credit Metrics in 2017; 17/05/2018 – Orion Engineered Carbons 1Q EPS 40c; 17/05/2018 – ORION ENGINEERED CARBONS SA – QTRLY BASIC EPS $0.41; 13/04/2018 – Orion Engineered Carbons Plans to Install Innovative Pollution Control Technology at Its Louisiana Plant; 14/05/2018 – Westfield Capital Company Buys 2% Position in Orion Engineered; 09/04/2018 – S&P: ORION ENGINEERED CARBONS S.A. BB RATING AFFIRMED; 17/05/2018 – ORION ENGINEERED CARBONS SA – QTRLY TOTAL VOLUMES INCREASED BY 4.0% TO 286.1 KMT

First Heartland Consultants Inc increased its stake in General Electric Co (GE) by 136.54% based on its latest 2018Q1 regulatory filing with the SEC. First Heartland Consultants Inc bought 44,688 shares as the company’s stock declined 0.14% with the market. The institutional investor held 77,417 shares of the consumer electronics and appliances company at the end of 2018Q1, valued at $1.04M, up from 32,729 at the end of the previous reported quarter. First Heartland Consultants Inc who had been investing in General Electric Co for a number of months, seems to be bullish on the $112.46 billion market cap company. The stock decreased 0.84% or $0.11 during the last trading session, reaching $12.94. About 32.08 million shares traded. General Electric Company (NYSE:GE) has declined 46.78% since August 9, 2017 and is downtrending. It has underperformed by 59.35% the S&P500. Some Historical GE News: 09/03/2018 – Channel NewsAsia: Exclusive: GE explores divesting electrical engineering business; 26/04/2018 – BOEING – AVIALL WILL MARKET AND DISTRIBUTE COMPONENTS NEEDED TO SUPPORT MAINTENANCE, REPAIR AND OVERHAUL OF GE T700 ENGINE MODELS; 19/04/2018 – John Lizzi, Executive Leader, Robotics at GE, to Deliver Keynote at Robotics Summit & Showcase; 07/03/2018 – Ailing Dow giant General Electric is at risk “both directly in terms of competitive cost pressures and indirectly in terms of the risk of reduced global economic activity,” Deutsche’s analyst John Inch says; 25/05/2018 – OwensAssetFund: $GE doesn’t plan to cut dividend again, sources sa; 08/05/2018 – GE RENEWABLE ENERGY AND ALLIANT ENERGY TO ADD 470 MW OF WIND CAPACITY IN IOWA; 20/04/2018 – TURKISH AIRLINES SELECTS 30 ENGINES FROM GE AVIATION; 20/04/2018 – General Electric 1Q Adj EPS 16c; 04/04/2018 – INDIA’S RAILWAY MINISTRY- TWO JOINT VENTURE (JV) COMPANIES HAVE BEEN SET UP FOR THE PURPOSE; 24/04/2018 – Lowe’s and GE Lighting Expand Partnership to Differentiate Light Bulb Offering

Investors sentiment increased to 0.55 in Q1 2018. Its up 0.05, from 0.5 in 2017Q4. It is positive, as 153 investors sold GE shares while 804 reduced holdings. 124 funds opened positions while 398 raised stakes. 4.54 billion shares or 3.00% less from 4.69 billion shares in 2017Q4 were reported. Mitchell Sinkler And Starr Pa stated it has 63,347 shares. Mcmillion Capital Management holds 45,103 shares. The New York-based Neuberger Berman Gp has invested 0.02% in General Electric Company (NYSE:GE). The California-based Fort Point Capital Partners Limited Com has invested 0.04% in General Electric Company (NYSE:GE). Blume Cap Mngmt Inc stated it has 2.23% of its portfolio in General Electric Company (NYSE:GE). First Foundation Advsrs has invested 0.03% in General Electric Company (NYSE:GE). Rbo And Com Ltd invested 0.21% in General Electric Company (NYSE:GE). Charter owns 918,278 shares. New England Private Wealth Advisors Limited Company has invested 0.18% in General Electric Company (NYSE:GE). Gp One Trading LP accumulated 1.63M shares or 0.21% of the stock. Tru Of Vermont accumulated 233,918 shares. The Tennessee-based Martin And Incorporated Tn has invested 0.31% in General Electric Company (NYSE:GE). Valley National Advisers owns 0.64% invested in General Electric Company (NYSE:GE) for 127,208 shares. Pinnacle Associate has invested 0.13% in General Electric Company (NYSE:GE). Pinebridge Invests LP accumulated 252,262 shares or 0.08% of the stock.

First Heartland Consultants Inc, which manages about $867.76 million and $333.83 million US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 4,474 shares to 4,818 shares, valued at $770,000 in 2018Q1, according to the filing. It also reduced its holding in Altria Group Inc (NYSE:MO) by 36,328 shares in the quarter, leaving it with 11,364 shares, and cut its stake in Ishares (IVW).

Since July 24, 2018, it had 1 insider purchase, and 0 selling transactions for $2.49 million activity.

More notable recent General Electric Company (NYSE:GE) news were published by: Fool.com which released: “Ignore General Electric: Here Are 3 Better Stocks” on August 01, 2018, also Seekingalpha.com with their article: “GE: Tough Start For NewCo” published on July 26, 2018, Seekingalpha.com published: “General Electric’s Explosive Growth Opportunity” on August 09, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “GE Has The Wind At Its Back” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “Starwood Property to buy energy project debt financing unit from GE Capital for $2.56B” with publication date: August 08, 2018.

Among 29 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 4 Sell and 17 Hold. Therefore 28% are positive. General Electric Company had 110 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, October 11 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating by TheStreet given on Tuesday, July 21. The company was downgraded on Monday, April 4 by Bernstein. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, April 3 by Stifel Nicolaus. As per Tuesday, November 21, the company rating was maintained by Deutsche Bank. The stock of General Electric Company (NYSE:GE) has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Thursday, March 23 with “Positive”. The company was maintained on Thursday, July 12 by Deutsche Bank. The firm earned “Hold” rating on Thursday, June 29 by Standpoint Research. The rating was maintained by Cowen & Co on Wednesday, April 11 with “Hold”.

Adirondack Research & Management Inc, which manages about $287.86 million and $249.38 million US Long portfolio, upped its stake in Ciena Corp (NYSE:CIEN) by 127,300 shares to 188,700 shares, valued at $4.89 million in 2018Q1, according to the filing. It also increased its holding in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 35,700 shares in the quarter, for a total of 111,200 shares, and has risen its stake in Css Inds Inc (NYSE:CSS).

Among 11 analysts covering Orion Engineered Carbons (NYSE:OEC), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Orion Engineered Carbons had 27 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) has “Buy” rating given on Monday, January 22 by Jefferies. The firm earned “Neutral” rating on Monday, March 7 by Macquarie Research. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, November 3. JP Morgan maintained Orion Engineered Carbons, S.A. (NYSE:OEC) rating on Tuesday, March 6. JP Morgan has “Overweight” rating and $30 target. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, November 7. As per Monday, November 6, the company rating was upgraded by J.P. Morgan. The firm has “Buy” rating by KeyBanc Capital Markets given on Tuesday, January 16. The firm has “Sector Weight” rating given on Friday, July 13 by KeyBanc Capital Markets. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) earned “Neutral” rating by UBS on Friday, February 23. The stock has “Neutral” rating by UBS on Friday, November 3.

General Electric Company (NYSE:GE) Institutional Positions Chart

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