Searle & CO. continued to hold its stake in Baker Hughes A GE Co (NYSE:BHI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000 shares of the oilfield services provider’s stock at the end of the second quarter. Searle & CO.’s holdings in Baker Hughes A GE were worth $545,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of BHI. River & Mercantile Asset Management LLP acquired a new position in Baker Hughes A GE during the fourth quarter valued at $5,208,000. Hudson Bay Capital Management LP acquired a new position in Baker Hughes A GE during the fourth quarter valued at $6,497,000. USA Financial Portformulas Corp acquired a new position in Baker Hughes A GE during the fourth quarter valued at $467,000. Teachers Advisors LLC increased its position in Baker Hughes A GE by 9.9% in the fourth quarter. Teachers Advisors LLC now owns 2,008,781 shares of the oilfield services provider’s stock valued at $130,511,000 after buying an additional 180,250 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in Baker Hughes A GE during the fourth quarter valued at $1,993,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.
Baker Hughes A GE Co (NYSE BHI) opened at 57.68 on Monday. Baker Hughes A GE Co has a 52 week low of $43.09 and a 52 week high of $68.59. The company has a 50 day moving average of $55.90 and a 200 day moving average of $59.83.
BHI has been the subject of several recent research reports. BMO Capital Markets reiterated a “buy” rating and issued a $69.00 target price on shares of Baker Hughes A GE in a research note on Thursday, April 13th. Zacks Investment Research downgraded shares of Baker Hughes A GE from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. HSBC Holdings plc initiated coverage on shares of Baker Hughes A GE in a research note on Wednesday, April 19th. They issued a “hold” rating and a $62.00 target price for the company. Evercore ISI set a $72.00 target price on shares of Baker Hughes A GE and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Finally, Jefferies Group LLC reduced their target price on shares of Baker Hughes A GE from $72.00 to $67.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.33.
About Baker Hughes A GE
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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