Strategic Global Advisors Has Trimmed Its Position in General Electric Co (GE) by $302,040; As Contrafect (CFRX) Stock Declined, Oracle Investment Management Raised by $1.00 Million Its Position

January 14, 2018 - By Marguerite Chambers

Oracle Investment Management Inc increased its stake in Contrafect Corp (CFRX) by 84.6% based on its latest 2017Q3 regulatory filing with the SEC. Oracle Investment Management Inc bought 1.00 million shares as the company’s stock declined 41.86% while stock markets rallied. The hedge fund held 2.18 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.42 million, up from 1.18M at the end of the previous reported quarter. Oracle Investment Management Inc who had been investing in Contrafect Corp for a number of months, seems to be bullish on the $87.65M market cap company. The stock increased 0.42% or $0.01 during the last trading session, reaching $1.19. About 42,570 shares traded. ContraFect Corporation (NASDAQ:CFRX) has declined 42.92% since January 14, 2017 and is downtrending. It has underperformed by 59.62% the S&P500.

Strategic Global Advisors Llc decreased its stake in General Electric Co (GE) by 54.64% based on its latest 2017Q3 regulatory filing with the SEC. Strategic Global Advisors Llc sold 12,585 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 10,449 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $253,000, down from 23,034 at the end of the previous reported quarter. Strategic Global Advisors Llc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69B market cap company. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08M 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.

Since August 8, 2017, it had 2 insider purchases, and 1 sale for $4.48 million activity. $2.46M worth of stock was bought by TISCH JAMES S on Tuesday, August 22. Shares for $2.66M were bought by Flannery John Leonard.

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. Deutsche Bank maintained General Electric Company (NYSE:GE) rating on Monday, October 30. Deutsche Bank has “Sell” rating and $18.0 target. The stock has “Buy” rating by S&P Research on Wednesday, October 14. The firm earned “Buy” rating on Tuesday, October 20 by S&P Research. As per Tuesday, November 14, the company rating was downgraded by RBC Capital Markets. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, July 25. The stock of General Electric Company (NYSE:GE) has “Outperform” rating given on Tuesday, October 13 by William Blair. The company was maintained on Wednesday, October 11 by RBC Capital Markets. As per Monday, November 13, the company rating was upgraded by Langenberg. As per Thursday, March 23, the company rating was maintained by BMO Capital Markets. Deutsche Bank downgraded General Electric Company (NYSE:GE) on Friday, May 12 to “Sell” rating.

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 $2.51B 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.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It worsened, 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. Baldwin Investment Ltd Liability Corp reported 23,450 shares stake. Northstar Asset Mngmt holds 0.55% in General Electric Company (NYSE:GE) or 51,501 shares. Bsw Wealth Prtn owns 31,092 shares. California-based Franklin Res has invested 1.33% in General Electric Company (NYSE:GE). 6.43M are owned by Strs Ohio. Bollard Gp Limited Liability stated it has 0.44% of its portfolio in General Electric Company (NYSE:GE). Dt Inv Prns Limited Liability Corp has 0.47% invested in General Electric Company (NYSE:GE) for 116,332 shares. Chilton Management Ltd Co has 0.16% invested in General Electric Company (NYSE:GE). Winch Advisory Ltd Liability Corporation holds 0.02% in General Electric Company (NYSE:GE) or 985 shares. Meridian Mngmt Com stated it has 39,100 shares. Ubs Asset Mngmt Americas reported 24.84M shares. Swedbank stated it has 0.65% of its portfolio in General Electric Company (NYSE:GE). Old Bancshares In reported 356,434 shares. Caz Limited Partnership reported 0.93% in General Electric Company (NYSE:GE). Brookmont Cap Mngmt owns 84,957 shares or 1.12% of their US portfolio.

Oracle Investment Management Inc, which manages about $877.33M and $609.65 million US Long portfolio, decreased its stake in Mazor Robotics Ltd (NASDAQ:MZOR) by 251,578 shares to 2.22M shares, valued at $109.59M in 2017Q3, according to the filing. It also reduced its holding in Amarin Corp Plc (NASDAQ:AMRN) by 121,049 shares in the quarter, leaving it with 6.30 million shares, and cut its stake in Tesaro Inc (Call) (NASDAQ:TSRO).

Among 3 analysts covering ContraFect (NASDAQ:CFRX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. ContraFect had 5 analyst reports since December 31, 2015 according to SRatingsIntel. The stock of ContraFect Corporation (NASDAQ:CFRX) has “Outperform” rating given on Wednesday, September 28 by William Blair. Maxim Group downgraded the stock to “Buy” rating in Friday, July 22 report. The rating was maintained by Maxim Group with “Buy” on Thursday, December 31. The rating was downgraded by Roth Capital on Tuesday, May 10 to “Neutral”.

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