Foundation Resource Management Inc. Has $2.66 Million Stake in Baker Hughes, a GE company Class A (BHGE)

Foundation Resource Management Inc. decreased its stake in Baker Hughes, a GE company Class A (NYSE:BHGE) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,106 shares of the company’s stock after selling 6,392 shares during the period. Foundation Resource Management Inc.’s holdings in Baker Hughes, a GE company Class A were worth $2,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Bank & Trust acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $101,000. Amica Retiree Medical Trust acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $101,000. Trust Co. of Vermont acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $105,000. Westside Investment Management Inc. acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $108,000. Finally, Sun Life Financial INC acquired a new stake in Baker Hughes, a GE company Class A in the 3rd quarter valued at about $115,000. Institutional investors own 89.28% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (NYSE BHGE) traded up $0.52 during mid-day trading on Wednesday, reaching $35.03. 3,396,700 shares of the company’s stock traded hands, compared to its average volume of 4,484,817. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.90 and a quick ratio of 1.29. The firm has a market capitalization of $14,780.00 and a P/E ratio of -5.35. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $63.95.

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

In related news, insider Matthias L. Heilmann acquired 1,500 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was purchased at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the transaction, the insider now directly owns 3,500 shares of the company’s stock, valued at approximately $105,140. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.

Several equities research analysts recently issued reports on BHGE shares. Zacks Investment Research upgraded shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. Scotiabank set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “hold” rating in a research note on Saturday, October 21st. Citigroup cut their target price 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 research note on Wednesday, October 25th. Barclays set a $41.00 target price on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Cowen reiterated an “outperform” rating and issued a $50.00 target price on shares of Baker Hughes, a GE company Class A in a research note on Wednesday, September 13th. Three equities 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 company. The stock has a consensus rating of “Hold” and an average price target of $40.32.

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Baker Hughes, a GE company Class A Company 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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