Hexcel (HXL) Reaches $64.60 High on Jan, 14; Old West Investment Management Has Lowered General Electric Co (GE) Position

January 14, 2018 - By Marguerite Chambers

Old West Investment Management Llc decreased General Electric Co (GE) stake by 77.5% reported in 2017Q3 SEC filing. Old West Investment Management Llc sold 110,481 shares as General Electric Co (GE)’s stock declined 7.64%. The Old West Investment Management Llc holds 32,074 shares with $775,000 value, down from 142,555 last quarter. General Electric Co 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.

The stock of Hexcel Corporation (NYSE:HXL) reached all time high today, Jan, 14 and still has $69.77 target or 8.00% above today’s $64.60 share price. This indicates more upside for the $5.80 billion company. This technical setup was reported by Barchart.com. If the $69.77 PT is reached, the company will be worth $464.24M more. The stock increased 0.86% or $0.55 during the last trading session, reaching $64.6. About 448,294 shares traded. Hexcel Corporation (NYSE:HXL) has risen 15.53% since January 14, 2017 and is uptrending. It has underperformed by 1.17% the S&P500.

Among 15 analysts covering Hexcel (NYSE:HXL), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Hexcel had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Wednesday, August 9 with “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 25. As per Friday, July 7, the company rating was maintained by Jefferies. Jefferies maintained Hexcel Corporation (NYSE:HXL) rating on Monday, August 28. Jefferies has “Hold” rating and $50.0 target. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, August 4. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, October 21. The firm has “Hold” rating given on Tuesday, December 12 by Jefferies. The company was downgraded on Wednesday, July 26 by Vertical Research. The rating was downgraded by Bank of America on Friday, July 29 to “Neutral”. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, September 1.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It is negative, as 23 investors sold Hexcel Corporation shares while 97 reduced holdings. 31 funds opened positions while 97 raised stakes. 80.81 million shares or 0.27% less from 81.03 million shares in 2017Q2 were reported. First Republic Mngmt invested in 0% or 7,270 shares. Intl Inc Ca holds 0.36% of its portfolio in Hexcel Corporation (NYSE:HXL) for 43,000 shares. Lord Abbett And Company Lc invested in 217,100 shares. St James Com Ltd Liability Corporation holds 0.12% in Hexcel Corporation (NYSE:HXL) or 19,190 shares. Evercore Wealth Mngmt Limited Liability Company holds 0% or 173 shares. Sq Advsrs Ltd Llc, a Florida-based fund reported 2.67M shares. Albion Group Incorporated Ut owns 0.08% invested in Hexcel Corporation (NYSE:HXL) for 8,787 shares. Cambridge holds 0.69% or 179,238 shares. Guardian Tru owns 855,947 shares. Hudson Bay Cap Mgmt L P invested in 18,100 shares or 0.03% of the stock. Fiduciary Trust Com holds 22,930 shares. Kornitzer Capital Mgmt Ks reported 369,929 shares. Moreover, Ny State Common Retirement Fund has 0.08% invested in Hexcel Corporation (NYSE:HXL). Inv Counselors Of Maryland Ltd invested 0.01% of its portfolio in Hexcel Corporation (NYSE:HXL). Bryn Mawr holds 0.38% or 117,760 shares.

Hexcel Corporation, together with its subsidiaries, develops, makes, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company has market cap of $5.80 billion. The firm operates through two divisions, Composite Materials and Engineered Products. It has a 23.33 P/E ratio. The Composite Materials segment makes and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates used in various applications, including military and commercial aircraft, wind turbine blades, recreational products, transport, and other industrial applications.

Since October 23, 2017, it had 0 buys, and 5 selling transactions for $5.03 million activity. The insider Stanage Nick L sold 18,000 shares worth $1.12 million. $165,222 worth of Hexcel Corporation (NYSE:HXL) was sold by Hendricks Kimberly A. on Monday, October 23.

Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on January, 24. They expect $0.69 EPS, up 7.81% or $0.05 from last year’s $0.64 per share. HXL’s profit will be $61.98M for 23.41 P/E if the $0.69 EPS becomes a reality. After $0.71 actual EPS reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts -2.82% negative EPS growth.

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. Morgan Stanley maintained General Electric Company (NYSE:GE) on Monday, July 17 with “Equal-Weight” rating. The company was maintained on Sunday, December 10 by Stifel Nicolaus. J.P. Morgan maintained General Electric Company (NYSE:GE) rating on Monday, October 9. J.P. Morgan has “Sell” rating and $20.0 target. The firm earned “Buy” rating on Monday, October 23 by Bank of America. The rating was upgraded by Bernstein on Friday, December 16 to “Outperform”. The firm has “Buy” rating given on Friday, September 15 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) earned “Buy” rating by Citigroup on Monday, October 23. Tigress Financial maintained the stock with “Hold” rating in Thursday, January 4 report. The stock has “Buy” rating by S&P Research on Tuesday, October 20. Bank of America maintained General Electric Company (NYSE:GE) on Tuesday, November 14 with “Buy” rating.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 EPS, 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 EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>