Economy

Q4 2017 EPS Estimates for Baker Hughes, a GE company Class A Decreased by Jefferies Group (BHGE)

Inc. increased its position in Baker Hughes Inc. Baker Hughes makes up about 2.8% of Levy Harkins & Co. Inc.'s portfolio, making the stock its 16th largest position.

Several hedge funds and other institutional investors have recently made changes to their positions in BHGE. Security National Trust has invested 0.01% in Baker Hughes A GE Co (NYSE:BHI). The Stonebridge Capital Advisors Llc holds 125,536 shares with $18.08M value, down from 133,941 last quarter. FMR LLC now owns 27,713,563 shares of the oilfield services provider's stock worth $1,250,713,000 after buying an additional 4,812,667 shares during the last quarter. This is an increase from Baker Hughes, a GE company Class A's previous quarterly dividend of $0.17. BlackRock Fund Advisors now owns 7,897,965 shares of the oilfield services provider's stock worth $356,435,000 after buying an additional 2,114,224 shares during the last quarter. It also upped Craft Brew Alliance Inc (NASDAQ:BREW) stake by 88,782 shares and now owns 231,545 shares. Finally, Lucus Advisors LLC acquired a new position in Baker Hughes A GE in the first quarter valued at $413,000. Moreover, Grt Ltd Liability Corporation has 0.05% invested in LGL Group Inc (NYSEAMERICAN:LGL) for 16,795 shares. Verus Fincl Prtnrs Inc holds 0.29% or 5,047 shares. (NYSE:BHI) traded up 1.49% during trading on Monday, reaching $66.27. The stock is trading $34.52 its 50-day moving average by 1.78%. The stock's market cap is $28.50 billion. Baker Hughes, a GE company Class A has a 52-week low of $29.62 and a 52-week high of $40.82.

Baker Hughes (NYSE:BHI) last announced its earnings results on Tuesday, October 25th. The oilfield services provider reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.29. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.07). Revenue during the quarter was $5.38 billion, representing 128% growth from $2.35 billion in year-ago quarter. The business's revenue was up 77.7% on a year-over-year basis. On average, equities research analysts expect that Baker Hughes Inc. will post ($1.75) EPS for the current fiscal year. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Shareholders of record on Monday, November 6th will be paid a $0.18 dividend. It improved, as 0 investors sold LGL Group Inc shares while 2 reduced holdings. The ex-dividend date of this dividend is Friday, November 3rd. Baker Hughes's payout ratio is now -8.89%.

COPYRIGHT: "Levy Harkins & Co. Inc". Has $7,008,000 Stake in Baker Hughes Inc. "(BHI)" was reported by Us and is owned by of Us.

TRADEMARK VIOLATION WARNING: "Public Employees Retirement Association of Colorado Acquires New Holdings in Baker Hughes, a GE company Class A (BHGE)" was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. Dekabank Deutsche Girozentrale invested 0.03% in Baker Hughes A GE Co (NYSE:BHI).

BHI has been the topic of several recent research reports. More interesting news about Baker Hughes A GE Co (NYSE:BHI) were released by: Forbes.com and their article: "Some Bullish On Baker Hughes Despite Mixed Quarter, GE Overhang" published on October 24, 2017 as well as Fool.com's news article titled: "Why Shares of Baker Hughes, a GE Company, Fell 14% in October" with publication date: November 08, 2017. Finally, Jefferies Group LLC reissued a hold rating and set a $40.00 price objective on shares of Baker Hughes, a GE company Class A in a research note on Sunday, September 10th. Loop Capital initiated coverage on shares of Baker Hughes in a report on Friday, September 30th. As per Wednesday, April 5, the company rating was maintained by Jefferies. Goldman Sachs maintained the shares of AAPL in report on Wednesday, October 12 with "Buy" rating. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $40.74.

In other Baker Hughes news, Director Gregory D. Brenneman bought 85,000 shares of the business's stock in a transaction on Monday, November 14th. In other hand, we can simply identify the size of the 52-week range by subtracting the 52-week low from the 52-high; then divide this value by 52 in order to find the average weekly move of the price. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lorenzo Simonelli purchased 6,100 shares of the firm's stock in a transaction dated Friday, August 18th. The shares were acquired at an average cost of $30.04 per share, with a total value of $45,060.00. Following the purchase, the insider now owns 9,139 shares in the company, valued at approximately $301,495.61. The disclosure for this sale can be found here. Citadel Advsrs Limited invested in 12,629 shares or 0% of the stock. The Firm is a well-known provider of integrated oilfield products, services and digital solutions. The Company's products and services include upstream, midstream, downstream, industrial and digital.



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