Morgens Waterfall Vintiadis Co Inc Exits Position in General Electric Company (GE)

General Electric Company (GE) : Morgens Waterfall Vintiadis Co Inc has sold out all of its stake in General Electric Company during the most recent quarter, according to the disclosure filed by the company on Oct 12, 2016 with the SEC. The investment management company has sold out 17,000 shares of General Electric Company which is valued at $491,640.

Other Hedge Funds, Including , Terra Nova Asset Management sold out all of its stake in GE during the most recent quarter. The investment firm sold 38,525 shares of GE which is valued $1,114,143.Salem Capital Management Inc reduced its stake in GE by selling 1,400 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 230,145 shares of GE which is valued at $6,641,985. General Electric Company makes up approx 3.67% of Salem Capital Management Inc’s portfolio.Hills Bank Trust Co reduced its stake in GE by selling 1,144 shares or 2.96% in the most recent quarter. The Hedge Fund company now holds 37,535 shares of GE which is valued at $1,083,260. General Electric Company makes up approx 0.39% of Hills Bank Trust Co’s portfolio.Cobiz Investment Management reduced its stake in GE by selling 1,316 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 188,535 shares of GE which is valued at $5,441,120. General Electric Company makes up approx 1.31% of Cobiz Investment Management’s portfolio.Independent Portfolio Consultants reduced its stake in GE by selling 5,005 shares or 12.04% in the most recent quarter. The Hedge Fund company now holds 36,582 shares of GE which is valued at $1,079,169. General Electric Company makes up approx 0.34% of Independent Portfolio Consultants’s portfolio.

General Electric Company opened for trading at $28.75 and hit $29.03 on the upside on Tuesday, eventually ending the session at $28.92, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 3,09,42,235 shares. Company has a market cap of $259,159 M.

On the company’s financial health, General Electric Company reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $0.46. The company had revenue of $33494.00 million for the quarter, compared to analysts expectations of $31573.67 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on General Electric Company. Standpoint Research Initiated General Electric Company on Jul 22, 2016 to “Sell”, Price Target of the shares are set at $26.

General Electric Company (GE) is a diversified infrastructure and financial services company. The products and services of the Company range from aircraft engines power generation oil and gas production equipment and household appliances to medical imaging business and consumer financing and industrial products. The Company operates its segments through its eight businesses -based on the markets they serve: Power & Water Oil & Gas Energy Management Aviation Healthcare Transportation Appliances and Lighting and GE Capital. GE Capital operates the following businesses: Commercial Lending and Leasing Consumer Real Estate Energy Financial Services and GE Capital Aviation Services. The Company operates in approximately 175 countries.

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