Pinebridge Investments L.P. lessened its holdings in shares of Baker Hughes A GE Co (NYSE:BHI) by 19.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,503 shares of the oilfield services provider’s stock after selling 23,633 shares during the quarter. Pinebridge Investments L.P.’s holdings in Baker Hughes A GE were worth $5,260,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Partners Capital Investment Group Holdings LLC increased its position in Baker Hughes A GE by 0.3% during the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock worth $116,000 after purchasing an additional 5 shares in the last quarter. Sandy Spring Bank increased its position in Baker Hughes A GE by 0.7% during the 2nd quarter. Sandy Spring Bank now owns 4,740 shares of the oilfield services provider’s stock worth $258,000 after purchasing an additional 35 shares in the last quarter. Cadence Capital Management LLC increased its position in Baker Hughes A GE by 0.6% during the 2nd quarter. Cadence Capital Management LLC now owns 16,624 shares of the oilfield services provider’s stock worth $906,000 after purchasing an additional 94 shares in the last quarter. Wetherby Asset Management Inc. increased its position 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 worth $441,000 after purchasing an additional 100 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its position 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 worth $347,000 after purchasing an additional 100 shares in the last quarter. 91.32% of the stock is owned by hedge funds and other institutional investors.

BHI has been the subject of a number of analyst reports. HSBC Holdings plc restated a “hold” rating and issued a $58.00 price target (down previously from $60.00) on shares of Baker Hughes A GE in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $72.00 price target on shares of Baker Hughes A GE in a report on Friday, May 26th. ValuEngine upgraded Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Tudor Pickering cut Baker Hughes A GE from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Jefferies Group LLC set a $67.00 price target on Baker Hughes A GE and gave the stock a “hold” rating in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $62.27.

WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/21/baker-hughes-a-ge-co-bhi-shares-sold-by-pinebridge-investments-l-p.html.

Shares of Baker Hughes A GE Co (BHI) traded up 5.82% during midday trading on Thursday, reaching $57.68. The company’s stock had a trading volume of 4,124,512 shares. Baker Hughes A GE Co has a 52-week low of $43.09 and a 52-week high of $68.59. The stock has a 50 day moving average price of $55.90 and a 200-day moving average price of $59.83.

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.

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

Receive News & Ratings for Baker Hughes A GE Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE Co and related companies with MarketBeat.com's FREE daily email newsletter.