Commerzbank Aktiengesellschaft FI Decreases Position in Baker Hughes A GE Co (BHI)

Commerzbank Aktiengesellschaft FI trimmed its holdings in shares of Baker Hughes A GE Co (NYSE:BHI) by 34.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,729 shares of the oilfield services provider’s stock after selling 20,727 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Baker Hughes A GE were worth $2,166,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BHI. Partners Capital Investment Group Holdings LLC boosted its holdings in shares of Baker Hughes A GE by 0.3% in the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock valued at $116,000 after buying an additional 5 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of Baker Hughes A GE by 1.0% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 7,728 shares of the oilfield services provider’s stock valued at $462,000 after buying an additional 75 shares during the last quarter. Cadence Capital Management LLC boosted its holdings in shares of Baker Hughes A GE by 0.6% in the 2nd quarter. Cadence Capital Management LLC now owns 16,624 shares of the oilfield services provider’s stock valued at $906,000 after buying an additional 94 shares during the last quarter. Wetherby Asset Management Inc. lifted its holdings in Baker Hughes A GE by 1.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 8,088 shares of the oilfield services provider’s stock valued at $441,000 after purchasing an additional 100 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in Baker Hughes A GE by 1.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 6,364 shares of the oilfield services provider’s stock valued at $347,000 after purchasing an additional 100 shares during the last quarter. 91.32% of the stock is owned by institutional investors.

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Baker Hughes A GE Co (BHI) traded up 5.82% during midday trading on Wednesday, reaching $57.68. The company’s stock had a trading volume of 4,124,512 shares. Baker Hughes A GE Co has a 12-month low of $43.09 and a 12-month high of $68.59. The company’s 50-day moving average is $55.90 and its 200 day moving average is $59.83.

Several brokerages have issued reports on BHI. Barclays PLC reaffirmed a “buy” rating on shares of Baker Hughes A GE in a report on Thursday, June 22nd. Zacks Investment Research downgraded Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub upgraded Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Finally, FBR & Co started coverage on Baker Hughes A GE in a research report on Monday, July 17th. They issued a “mkt perform” rating and a $42.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price 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.

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

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