BlueCrest Capital Management Ltd reduced its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 85.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 45,696 shares of the oilfield services provider’s stock after selling 262,531 shares during the period. BlueCrest Capital Management Ltd’s holdings in Baker Hughes A GE were worth $2,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Partners Capital Investment Group Holdings LLC grew 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 during the period. Sandy Spring Bank grew 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 during the period. Stifel Financial Corp grew its position in Baker Hughes A GE by 0.3% during the 2nd quarter. Stifel Financial Corp now owns 14,353 shares of the oilfield services provider’s stock worth $781,000 after purchasing an additional 36 shares during the period. Cadence Capital Management LLC grew 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 during the period. Finally, Wetherby Asset Management Inc. grew 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 during the period. 91.32% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Baker Hughes A GE from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and set a $65.00 target price on shares of Baker Hughes A GE in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Baker Hughes A GE in a research note on Tuesday, July 18th. Morgan Stanley assumed coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They set an “overweight” rating and a $60.00 target price on the stock. Finally, Seaport Global Securities lowered shares of Baker Hughes A GE from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $52.00 in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.61.

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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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