Baker Hughes, a GE company Class A (BHGE) Stake Increased by Kessler Investment Group LLC

Kessler Investment Group LLC lifted its stake in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,852 shares of the company’s stock after buying an additional 1,711 shares during the quarter. Kessler Investment Group LLC’s holdings in Baker Hughes, a GE company Class A were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. First American Trust FSB acquired a new stake in shares of Baker Hughes, a GE company Class A during the fourth quarter worth approximately $2,823,000. Marshwinds Advisory Co. grew its position in shares of Baker Hughes, a GE company Class A by 29.3% during the fourth quarter. Marshwinds Advisory Co. now owns 22,275 shares of the company’s stock worth $705,000 after buying an additional 5,050 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in shares of Baker Hughes, a GE company Class A during the third quarter worth approximately $22,658,000. Shelton Capital Management acquired a new position in Baker Hughes, a GE company Class A in the third quarter worth $1,148,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Baker Hughes, a GE company Class A in the third quarter worth $6,776,000. 89.28% of the stock is owned by institutional investors and hedge funds.

In other news, insider Matthias L. Heilmann purchased 1,500 shares of Baker Hughes, a GE company Class A stock in a transaction dated Thursday, October 26th. The stock was bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the completion of the acquisition, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William D. Marsh sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the transaction, the insider now directly owns 25,190 shares of the company’s stock, valued at approximately $881,650. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (NYSE BHGE) traded up $0.44 on Thursday, hitting $35.47. 3,496,100 shares of the stock traded hands, compared to its average volume of 4,343,571. Baker Hughes, a GE company Class A has a 52 week low of $29.62 and a 52 week high of $63.95. The firm has a market capitalization of $15,190.00 and a P/E ratio of -5.42. The company has a current ratio of 1.90, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08.

Baker Hughes, a GE company Class A (NYSE:BHGE) last announced its quarterly earnings results on Friday, October 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes, a GE company Class A’s revenue for the quarter was up 77.7% compared to the same quarter last year. equities analysts expect that Baker Hughes, a GE company Class A will post 0.45 EPS for the current fiscal year.

A number of equities analysts have commented on BHGE shares. Zacks Investment Research raised shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a report on Monday, November 13th. Scotiabank set a $44.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “hold” rating in a report on Saturday, October 21st. Citigroup decreased their price objective on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Barclays set a $41.00 price objective on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Cowen reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Baker Hughes, a GE company Class A in a report on Wednesday, September 13th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.32.

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Baker Hughes, a GE company Class A Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

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Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NYSE:BHGE)

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