Wetherby Asset Management Has Trimmed Holding in General Electric Co (GE) as Market Value Declined; As Sientra (SIEN) Stock Price Declined, Cannell Capital Has Trimmed by $4.48 Million Its Stake

January 14, 2018 - By Peter Kolinski

J. Carlo Cannell decreased its stake in Sientra Inc (SIEN) by 19.58% based on its latest 2017Q3 regulatory filing with the SEC. Cannell Capital Llc sold 298,342 shares as the company’s stock declined 16.24% while stock markets rallied. The hedge fund run by J. Carlo Cannell held 1.23 million shares of the health care company at the end of 2017Q3, valued at $18.87 million, down from 1.52 million at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Sientra Inc for a number of months, seems to be less bullish one the $225.96M market cap company. The stock decreased 6.95% or $0.87 during the last trading session, reaching $11.65. About 303,690 shares traded or 128.46% up from the average. Sientra, Inc. (NASDAQ:SIEN) has risen 27.61% since January 14, 2017 and is uptrending. It has outperformed by 10.91% the S&P500.

Wetherby Asset Management Inc decreased its stake in General Electric Co (GE) by 11.24% based on its latest 2017Q3 regulatory filing with the SEC. Wetherby Asset Management Inc sold 22,451 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 177,360 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.29 million, down from 199,811 at the end of the previous reported quarter. Wetherby Asset Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $162.69 billion market cap company. 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.

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 of General Electric Company (NYSE:GE) has “Hold” rating given on Monday, August 7 by Cowen & Co. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, October 2. The company was maintained on Monday, October 23 by RBC Capital Markets. The rating was maintained by S&P Research with “Buy” on Monday, August 17. The stock has “Outperform” rating by RBC Capital Markets on Monday, April 24. Credit Suisse maintained General Electric Company (NYSE:GE) on Monday, November 23 with “Outperform” rating. As per Tuesday, June 13, the company rating was maintained by Stifel Nicolaus. As per Sunday, December 10, the company rating was maintained by Stifel Nicolaus. Deutsche Bank maintained the stock with “Sell” rating in Monday, October 30 report. The firm has “Hold” rating given on Monday, July 17 by Cowen & Co.

Since August 8, 2017, it had 2 buys, and 1 sale for $4.48 million activity. $633,375 worth of General Electric Company (NYSE:GE) was sold by Comstock Elizabeth J. 103,983 shares were bought by Flannery John Leonard, worth $2.66M on Tuesday, August 8.

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 $2.51B 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.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It fall, 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. Walleye Trading Ltd Liability reported 461,758 shares or 0.05% of all its holdings. Page Arthur B holds 46,112 shares. London Of Virginia holds 1.58% of its portfolio in General Electric Company (NYSE:GE) for 9.12M shares. Atlas Browninc invested in 77,233 shares. Lvw Ltd Llc, New York-based fund reported 50,626 shares. Greenwood Gearhart owns 1.86% invested in General Electric Company (NYSE:GE) for 213,458 shares. 24,605 are held by Mastrapasqua Asset. Camarda Financial Limited Liability Company owns 2,106 shares. Utd State Bank reported 43,685 shares. 119,415 were reported by Semper Augustus Invs Gp Lc. Rosenbaum Jay D stated it has 24,100 shares. Regal Advsrs holds 1.06% of its portfolio in General Electric Company (NYSE:GE) for 188,351 shares. Moreover, Saratoga has 0.18% invested in General Electric Company (NYSE:GE) for 12,394 shares. Acropolis Inv Mngmt Ltd Co has invested 0.04% of its portfolio in General Electric Company (NYSE:GE). Lucas Management holds 113,261 shares or 2.45% of its portfolio.

Among 5 analysts covering Sientra (NASDAQ:SIEN), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Sientra had 11 analyst reports since August 14, 2015 according to SRatingsIntel. The company was initiated on Monday, August 28 by Canaccord Genuity. William Blair reinitiated the stock with “Market Perform” rating in Wednesday, August 10 report. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, September 26. Stifel Nicolaus reinitiated the stock with “Hold” rating in Thursday, February 11 report. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, January 4. On Sunday, October 8 the stock rating was maintained by Canaccord Genuity with “Buy”. Stifel Nicolaus maintained it with “Hold” rating and $1100 target in Wednesday, August 9 report. The firm has “Buy” rating given on Tuesday, October 17 by Canaccord Genuity. The rating was upgraded by William Blair to “Outperform” on Wednesday, September 13.

Investors sentiment decreased to 1.52 in Q3 2017. Its down 0.34, from 1.86 in 2017Q2. It dived, as 9 investors sold SIEN shares while 14 reduced holdings. 13 funds opened positions while 22 raised stakes. 14.36 million shares or 1.78% more from 14.11 million shares in 2017Q2 were reported. Prelude Mgmt Limited Liability holds 0.09% of its portfolio in Sientra, Inc. (NASDAQ:SIEN) for 66,351 shares. Tiaa Cref Inv Mngmt Limited Liability Com holds 0% of its portfolio in Sientra, Inc. (NASDAQ:SIEN) for 46,828 shares. Royal Commercial Bank Of Canada has 1,279 shares for 0% of their portfolio. Rhumbline Advisers reported 16,564 shares stake. Ameritas Invest Prtnrs Inc accumulated 1,254 shares or 0% of the stock. Moreover, Bamco Incorporated New York has 0.04% invested in Sientra, Inc. (NASDAQ:SIEN) for 501,500 shares. Bridgeway Cap Mgmt invested in 0.05% or 282,500 shares. Savings Bank Of America Corp De holds 3,148 shares. Nationwide Fund invested 0% in Sientra, Inc. (NASDAQ:SIEN). Illinois-based Peak6 Investments Ltd Partnership has invested 0.01% in Sientra, Inc. (NASDAQ:SIEN). Morgan Stanley reported 138,532 shares. New York State Common Retirement Fund reported 0% in Sientra, Inc. (NASDAQ:SIEN). Pura Vida Invests Ltd Co stated it has 1.45% of its portfolio in Sientra, Inc. (NASDAQ:SIEN). Barclays Public Limited Com stated it has 10,132 shares or 0% of all its holdings. Tower Rech Capital Limited Liability Corp (Trc) has 0% invested in Sientra, Inc. (NASDAQ:SIEN) for 2,339 shares.

Analysts await Sientra, Inc. (NASDAQ:SIEN) to report earnings on March, 13. They expect $-0.68 EPS, down 58.14% or $0.25 from last year’s $-0.43 per share. After $-0.74 actual EPS reported by Sientra, Inc. for the previous quarter, Wall Street now forecasts -8.11% EPS growth.

Cannell Capital Llc, which manages about $347.86 million and $340.46 million US Long portfolio, upped its stake in Internap Corp (NASDAQ:INAP) by 1.79M shares to 1.80 million shares, valued at $7.83 million in 2017Q3, according to the filing. It also increased its holding in Health Ins Innovations Inc (NASDAQ:HIIQ) by 236,711 shares in the quarter, for a total of 1.04M shares, and has risen its stake in I D Systems Inc (NASDAQ:IDSY).

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