Caz Investments LP Has Lowered General Electric (GE) Position; CANACOL ENERGY LTD (CNNEF) SI Increased By 171.84%

January 14, 2018 - By Peter Erickson

Caz Investments Lp decreased General Electric (GE) stake by 35.96% reported in 2017Q3 SEC filing. Caz Investments Lp sold 17,720 shares as General Electric (GE)’s stock declined 7.64%. The Caz Investments Lp holds 31,560 shares with $763,000 value, down from 49,280 last quarter. General Electric now has $162.69 billion valuation. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08 million shares traded or 6.24% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 14, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

CANACOL ENERGY LTD (OTCMKTS:CNNEF) had an increase of 171.84% in short interest. CNNEF’s SI was 247,100 shares in January as released by FINRA. Its up 171.84% from 90,900 shares previously. With 38,000 avg volume, 7 days are for CANACOL ENERGY LTD (OTCMKTS:CNNEF)’s short sellers to cover CNNEF’s short positions. The stock decreased 0.28% or $0.01 during the last trading session, reaching $3.58. About 14,200 shares traded. Canacol Energy Ltd (OTCMKTS:CNNEF) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Canacol Energy Ltd. primarily engages in the exploration, development, appraisal, and production of hydrocarbons in Colombia and Ecuador. The company has market cap of $619.97 million. The Company’s gas and oil exploration portfolio include 5 various basins in Colombia and Ecuador across 21 blocks covering 3 million net acres. It has a 28.87 P/E ratio.

Among 2 analysts covering Canacol Energy (OTCMKTS:CNNEF), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Canacol Energy had 2 analyst reports since September 6, 2016 according to SRatingsIntel. As per Tuesday, September 6, the company rating was initiated by RBC Capital Markets. Canaccord Genuity downgraded the shares of CNNEF in report on Thursday, September 21 to “Hold” rating.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dropped, 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. Bluefin Trading Ltd Co reported 9,000 shares. Sonata Group Inc Inc has invested 0.56% in General Electric Company (NYSE:GE). Duff Phelps Inv Mngmt reported 0.03% of its portfolio in General Electric Company (NYSE:GE). Pinnacle Hldg Ltd Co holds 0.31% or 34,326 shares. 246,059 were reported by Pacific Invest. Sun Life Fin holds 0.19% of its portfolio in General Electric Company (NYSE:GE) for 77,482 shares. Windward Cap Mgmt Ca reported 0.11% stake. Amer Rech And Mngmt has invested 0.83% of its portfolio in General Electric Company (NYSE:GE). Hedeker Wealth Limited Liability Corp holds 71,535 shares. Ny State Teachers Retirement Systems reported 14.61M shares stake. Profund Advsr Ltd Limited Liability Company holds 0.23% or 231,152 shares in its portfolio. Moreover, Stelac Advisory Serv Lc has 0.25% invested in General Electric Company (NYSE:GE). Univest Corp Of Pennsylvania stated it has 41,312 shares. Frontier Inv Mgmt reported 853,580 shares. Macnealy Hoover Mgmt has 2.1% invested in General Electric Company (NYSE:GE).

Since August 8, 2017, it had 2 buys, and 1 sale for $4.48 million activity. TISCH JAMES S bought $2.46 million worth of General Electric Company (NYSE:GE) on Tuesday, August 22. $633,375 worth of General Electric Company (NYSE:GE) shares were sold by Comstock Elizabeth J. Shares for $2.66 million were bought by Flannery John Leonard on Tuesday, August 8.

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Monday, October 23. UBS maintained General Electric Company (NYSE:GE) rating on Friday, October 14. UBS has “Buy” rating and $34 target. Morgan Stanley maintained it with “Equal-Weight” rating and $26 target in Tuesday, July 25 report. As per Monday, August 7, the company rating was maintained by Cowen & Co. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by TheStreet on Wednesday, August 26. The rating was maintained by Citigroup on Monday, October 23 with “Buy”. Bank of America downgraded General Electric Company (NYSE:GE) on Wednesday, April 26 to “Neutral” rating. S&P Research maintained the shares of GE in report on Tuesday, October 20 with “Buy” rating. Cowen & Co maintained it with “Hold” rating and $30 target in Friday, April 21 report. Stifel Nicolaus maintained General Electric Company (NYSE:GE) rating on Sunday, December 10. Stifel Nicolaus has “Hold” rating and $18.0 target.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 16.17 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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