Cigna Investments Inc. New raised its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 58.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,828 shares of the oilfield services provider’s stock after buying an additional 10,266 shares during the period. Cigna Investments Inc. New’s holdings in Baker Hughes A GE were worth $1,517,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Global X Management Co. LLC boosted its position in Baker Hughes A GE by 19.6% in the second quarter. Global X Management Co. LLC now owns 7,166 shares of the oilfield services provider’s stock valued at $391,000 after buying an additional 1,176 shares during the period. Seven Bridges Advisors LLC raised its stake in Baker Hughes A GE by 25.4% in the second quarter. Seven Bridges Advisors LLC now owns 42,266 shares of the oilfield services provider’s stock valued at $2,304,000 after buying an additional 8,563 shares in the last quarter. ARP Americas LLC raised its stake in Baker Hughes A GE by 90.0% in the second quarter. ARP Americas LLC now owns 10,077 shares of the oilfield services provider’s stock valued at $549,000 after buying an additional 4,773 shares in the last quarter. Glen Point Capital LLP purchased a new stake in Baker Hughes A GE during the second quarter valued at about $20,060,000. Finally, Korea Investment CORP raised its stake in Baker Hughes A GE by 61.9% in the second quarter. Korea Investment CORP now owns 113,732 shares of the oilfield services provider’s stock valued at $6,200,000 after buying an additional 43,472 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

Baker Hughes A GE Co (NYSE:BHI) opened at 57.68 on Wednesday. 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 price of $55.90 and a 200-day moving average price of $59.83.

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BHI has been the topic of several research reports. Zacks Investment Research lowered Baker Hughes A GE from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC dropped their price target on Baker Hughes A GE from $72.00 to $67.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. BMO Capital Markets reissued a “hold” rating and set a $65.00 price target on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. BidaskClub lowered Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 28th. Finally, Evercore ISI set a $72.00 price target on Baker Hughes A GE and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have assigned a buy rating to the company. Baker Hughes A GE has an average rating of “Hold” and an average target price of $62.30.

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

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