Kelso & Company LP Decreased Third Point Reinsurance LTD (TPRE) Holding as Share Price Declined; As General Electric (GE) Share Price Declined, Holder Berkshire Asset Management Increased Its Stake

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Berkshire Asset Management Llc increased its stake in General Electric (GE) by 2.64% based on its latest 2018Q3 regulatory filing with the SEC. Berkshire Asset Management Llc bought 27,821 shares as the company’s stock declined 44.60% with the market. The hedge fund held 1.08 million shares of the consumer electronics and appliances company at the end of 2018Q3, valued at $12.20M, up from 1.05 million at the end of the previous reported quarter. Berkshire Asset Management Llc who had been investing in General Electric for a number of months, seems to be bullish on the $77.76B market cap company. It closed at $8.94 lastly. It is down 60.87% since January 12, 2018 and is downtrending. It has underperformed by 60.87% the S&P500. Some Historical GE News: 08/05/2018 – ZHEJIANG CHINA LIGHT & TEXTILE INDUSTRIAL 600790.SS SAYS BOARD ELECTS GE MEIRONG AS CHAIRMAN; 17/04/2018 – GE Gas-Engine Unit Is Said to Draw Interest From Cummins, CVC; 20/03/2018 – GE POWER INDIA LTD GEPO.NS SAYS CO GETS CONTRACT WORTH ABOUT 3.09 BLN RUPEES BY NTPC LIMITED; 23/05/2018 – GE CEO: COMPANY HAS `SIGNIFICANT’ UNUSED CREDIT LINES; 21/05/2018 – GE WILL GET $2.9B IN CASH AT CLOSING; 06/03/2018 – Spectrum Chemical Mfg. Corporation Receives GE Healthcare Life Sciences 2017 Distinguished Partner Award for Exceptional Applie; 22/03/2018 – REG-GE CAPITAL EUROPEAN FUNDING FRN Variable Rate Fix; 29/03/2018 – Avinash Anantharamu: #Chinese firms prepare bids for $GE lighting operations; 20/04/2018 – GENERAL ELECTRIC CO GE.N FY2018 SHR VIEW $0.95, REV VIEW $122.51 BLN — THOMSON REUTERS l/B/E/S; 20/04/2018 – General Electric 1Q Adjusted Industrial Operating Profit $2.745B, Up 15%

Kelso & Company Lp decreased its stake in Third Point Reinsurance Ltd. (TPRE) by 38.3% based on its latest 2018Q3 regulatory filing with the SEC. Kelso & Company Lp sold 3.83 million shares as the company’s stock declined 25.63% with the market. The hedge fund held 6.17M shares of the property-casualty insurers company at the end of 2018Q3, valued at $80.21 million, down from 10.00M at the end of the previous reported quarter. Kelso & Company Lp who had been investing in Third Point Reinsurance Ltd. for a number of months, seems to be less bullish one the $951.11 million market cap company. The stock decreased 1.08% or $0.11 during the last trading session, reaching $10.1. About 283,248 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has declined 36.29% since January 12, 2018 and is downtrending. It has underperformed by 36.29% the S&P500. Some Historical TPRE News: 15/05/2018 – Third Point Exits Macerich, Honeywell, Time Warner; Adds Wynn; 29/03/2018 – Third Point Offshore Investors Ltd: Total Voting Rights; 13/04/2018 – REG-Third Point Offshore: Directors Notification; 26/03/2018 – Third Point Offshore Investors Ltd: Conversion of Securities; 15/05/2018 – Third Point Discloses Holdings as of Quarter-End; 09/05/2018 – THIRD POINT RE 1Q GROSS WRITTEN PREMIUM $378.4M; 22/03/2018 – Third Point Offshore Investors Ltd: Net Asset Value(s); 22/03/2018 – REG-Third Point Offshore: Net Asset Value(s); 10/05/2018 – Exclusive: Hedge fund Third Point seeks to launch ‘blank-check’ company; 10/05/2018 – THIRD POINT’S DAN LOEB COMMENTS ON EARNINGS CALL

Since July 24, 2018, it had 4 buys, and 0 insider sales for $5.27 million activity. $499,200 worth of stock was bought by DSOUZA FRANCISCO on Wednesday, November 14. 10,000 shares were bought by DIMITRIEF ALEXANDER, worth $94,800 on Tuesday, November 6.

Among 30 analysts covering General Electric Company (NYSE:GE), 12 have Buy rating, 3 Sell and 15 Hold. Therefore 40% are positive. General Electric Company had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Monday, November 23. The firm earned “Equal-Weight” rating on Thursday, October 6 by Morgan Stanley. S&P Research maintained General Electric Company (NYSE:GE) rating on Monday, August 17. S&P Research has “Buy” rating and $54 target. S&P Research maintained the shares of GE in report on Wednesday, October 14 with “Buy” rating. Credit Suisse upgraded General Electric Company (NYSE:GE) on Wednesday, September 16 to “Focus List” rating. CFRA maintained General Electric Company (NYSE:GE) on Tuesday, June 26 with “Hold” rating. The company was maintained on Wednesday, October 31 by Barclays Capital. William Blair upgraded General Electric Company (NYSE:GE) on Tuesday, October 13 to “Outperform” rating. The stock of General Electric Company (NYSE:GE) earned “Hold” rating by Tigress Financial on Thursday, December 28. As per Monday, October 23, the company rating was upgraded by Bank of America.

Investors sentiment decreased to 0.56 in 2018 Q3. Its down 0.03, from 0.59 in 2018Q2. It fall, as 83 investors sold GE shares while 743 reduced holdings. 114 funds opened positions while 346 raised stakes. 4.54 billion shares or 0.56% more from 4.51 billion shares in 2018Q2 were reported. 508,800 are owned by Virginia Retirement Et Al. Baker Ellis Asset Mgmt Limited Liability Company reported 12,950 shares. 104,095 were accumulated by Stock Yards Bancorporation Trust. Edge Wealth Mgmt Limited Liability Corporation reported 0.01% in General Electric Company (NYSE:GE). Lakeview Cap Prns Ltd Limited Liability Company owns 16,289 shares or 0.12% of their US portfolio. Retail Bank holds 0.05% of its portfolio in General Electric Company (NYSE:GE) for 15,318 shares. The Ohio-based Bahl And Gaynor has invested 0.03% in General Electric Company (NYSE:GE). Premier Asset Mgmt Limited Co invested in 0.11% or 42,250 shares. Deutsche Financial Bank Ag holds 0.14% or 17.37 million shares. St Germain D J Co invested in 1.18 million shares. Benin Management Corporation holds 0.36% of its portfolio in General Electric Company (NYSE:GE) for 79,970 shares. Captrust Fin Advsr has invested 0.13% in General Electric Company (NYSE:GE). 622,848 are owned by Whittier Trust Com Of Nevada. Lucas Mgmt has invested 0.81% in General Electric Company (NYSE:GE). 83,000 are held by Merian (Uk).

Berkshire Asset Management Llc, which manages about $867.20M and $1.18 billion US Long portfolio, decreased its stake in Home Depot (NYSE:HD) by 6,701 shares to 7,385 shares, valued at $1.53 million in 2018Q3, according to the filing. It also reduced its holding in Schwab Us Mid Cap (SCHM) by 13,841 shares in the quarter, leaving it with 91,423 shares, and cut its stake in Microsoft (NASDAQ:MSFT).

More notable recent General Electric Company (NYSE:GE) news were published by: Fool.com which released: “Better Buy: Baker Hughes, a GE Company vs. Schlumberger Limited – The Motley Fool” on December 17, 2018, also Benzinga.com with their article: “Cramer: Don’t Rush To Buy GE After Analyst Upgrades (NYSE:GE) – Benzinga” published on December 21, 2018, Fool.com published: “How Risky Is General Electric Stock? – The Motley Fool” on December 23, 2018. More interesting news about General Electric Company (NYSE:GE) were released by: Seekingalpha.com and their article: “General Electric: It Ain’t Goin’ Be Easy – Seeking Alpha” published on December 14, 2018 as well as Seekingalpha.com‘s news article titled: “General Electric: A GECAS Sale Is Fraught With Risk – Seeking Alpha” with publication date: January 08, 2019.

Since September 18, 2018, it had 1 insider purchase, and 1 insider sale for $10.47 million activity. Another trade for 800,000 shares valued at $10.52M was sold by Loeb Daniel S.

More notable recent Third Point Reinsurance Ltd. (NYSE:TPRE) news were published by: Seekingalpha.com which released: “Tracking Dan Loeb’s Third Point Portfolio – Q2 2017 Update – Seeking Alpha” on August 13, 2017, also Businesswire.com with their article: “A.M. Best Affirms Credit Ratings of Third Point Reinsurance Ltd. and Its Subsidiaries – Business Wire” published on March 28, 2018, Prnewswire.com published: “Third Point Reinsurance Ltd. Announces Date for Second Quarter 2018 Earnings Release – PR Newswire” on July 18, 2018. More interesting news about Third Point Reinsurance Ltd. (NYSE:TPRE) were released by: Seekingalpha.com and their article: “Stanphyl Capital Letter – December 2018 – Seeking Alpha” published on January 08, 2019 as well as Seekingalpha.com‘s news article titled: “Third Point (Dan Loeb) Q3 2018 Investor Letter: The Good Place – Seeking Alpha” with publication date: November 10, 2018.

Investors sentiment decreased to 0.72 in Q3 2018. Its down 0.10, from 0.82 in 2018Q2. It dived, as 15 investors sold TPRE shares while 57 reduced holdings. 17 funds opened positions while 35 raised stakes. 62.71 million shares or 8.01% less from 68.17 million shares in 2018Q2 were reported. Miles Cap has 0.13% invested in Third Point Reinsurance Ltd. (NYSE:TPRE) for 12,491 shares. California State Teachers Retirement holds 120,302 shares or 0% of its portfolio. 101,450 are held by Pacific Ridge Cap Prtn Ltd Liability Com. Numerixs Technology stated it has 6,700 shares or 0.02% of all its holdings. Laurion Capital Limited Partnership, a New York-based fund reported 47,910 shares. Teachers Retirement Systems Of The State Of Kentucky stated it has 29,600 shares. Wellington Gru Llp invested in 0% or 74,727 shares. Loomis Sayles And Com LP reported 570 shares. Horizon Kinetics Ltd, a New York-based fund reported 30,673 shares. Capital Ww Investors reported 2.06 million shares. Insight 2811 Inc invested in 0.45% or 51,020 shares. New Vernon Inv Management Ltd Company invested in 183,949 shares or 2.83% of the stock. Proshare Ltd Co accumulated 11,607 shares. Qs Ltd Com holds 0.03% or 251,400 shares. Price T Rowe Associate Md holds 0% or 2.62 million shares in its portfolio.

General Electric Company (NYSE:GE) Institutional Positions Chart

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