NorthCoast Asset Management LLC Buys 356 Shares of Baker Hughes A GE Co (BHI)

NorthCoast Asset Management LLC lifted its stake in Baker Hughes A GE Co (NYSE:BHI) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,228 shares of the oilfield services provider’s stock after buying an additional 356 shares during the period. NorthCoast Asset Management LLC’s holdings in Baker Hughes A GE were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BHI. BlackRock Inc. boosted its stake in shares of Baker Hughes A GE by 1,858.5% in the first quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock valued at $1,964,079,000 after buying an additional 31,156,767 shares during the period. ValueAct Holdings L.P. boosted its stake in shares of Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock valued at $1,878,816,000 after buying an additional 4,000,000 shares during the period. Janus Capital Management LLC boosted its stake in shares of Baker Hughes A GE by 3,529.3% in the first quarter. Janus Capital Management LLC now owns 1,925,065 shares of the oilfield services provider’s stock valued at $115,157,000 after buying an additional 1,872,022 shares during the period. Eaton Vance Management bought a new stake in shares of Baker Hughes A GE in the second quarter valued at approximately $63,949,000. Finally, Franklin Resources Inc. boosted its stake in shares of Baker Hughes A GE by 4.7% in the second quarter. Franklin Resources Inc. now owns 24,960,495 shares of the oilfield services provider’s stock valued at $1,360,540,000 after buying an additional 1,114,027 shares during the period. Institutional investors and hedge funds own 91.32% of the company’s stock.

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Baker Hughes A GE Co (NYSE:BHI) traded up 5.82% during mid-day trading on Monday, reaching $57.68. The company had a trading volume of 4,124,512 shares. The firm has a 50-day moving average price of $55.90 and a 200 day moving average price of $59.83. Baker Hughes A GE Co has a 12-month low of $43.09 and a 12-month high of $68.59.

Several brokerages recently issued reports on BHI. Royal Bank Of Canada reiterated an “outperform” rating on shares of Baker Hughes A GE in a research note on Monday, July 3rd. Zacks Investment Research upgraded Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $67.00 price target on shares of Baker Hughes A GE in a research note on Thursday, July 6th. Finally, Morgan Stanley began coverage on Baker Hughes A GE in a research note on Monday, July 17th. They issued an “overweight” rating and a $60.00 price target for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $62.27.

Baker Hughes A GE Profile

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHI)

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