Park National Corp OH acquired a new position in shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 43,734 shares of the company’s stock, valued at approximately $1,601,000.

Several other large investors have also modified their holdings of the stock. M&R Capital Management Inc. acquired a new position in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $141,000. Fairpointe Capital LLC acquired a new position in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $229,000. FTB Advisors Inc. acquired a new position in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $442,000. Tudor Investment Corp ET AL acquired a new position in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $959,000. Finally, New Mexico Educational Retirement Board acquired a new position in Baker Hughes, a GE company Class A in the 2nd quarter valued at about $1,461,000.

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Several research firms have weighed in on BHGE. FBR & Co began coverage on Baker Hughes, a GE company Class A in a research report on Monday, July 17th. They issued a “market perform” rating and a $42.00 target price for the company. UBS AG downgraded Baker Hughes, a GE company Class A from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $40.00 target price (down from $67.00) on shares of Baker Hughes, a GE company Class A in a research report on Wednesday, August 9th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Baker Hughes, a GE company Class A in a research report on Thursday, July 20th. Finally, Argus began coverage on Baker Hughes, a GE company Class A in a research report on Monday, August 21st. They issued a “buy” rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.07.

In other Baker Hughes, a GE company Class A news, insider Lorenzo Simonelli purchased 6,100 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average price of $32.99 per share, with a total value of $201,239.00. Following the completion of the acquisition, the insider now owns 9,139 shares of the company’s stock, valued at approximately $301,495.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Rice purchased 5,000 shares of Baker Hughes, a GE company Class A stock in a transaction that occurred on Wednesday, August 2nd. The stock was acquired at an average cost of $35.37 per share, with a total value of $176,850.00. Following the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $176,850. The disclosure for this purchase can be found here. In the last quarter, insiders bought 13,901 shares of company stock valued at $476,796.

Shares of Baker Hughes, a GE company Class A (NASDAQ:BHGE) traded down 0.12% during trading on Tuesday, hitting $33.66. The stock had a trading volume of 2,474,164 shares. The stock has a 50-day moving average of $35.74 and a 200 day moving average of $46.05. The firm’s market cap is $14.41 billion. Baker Hughes, a GE company Class A has a 12-month low of $32.43 and a 12-month high of $68.59.

Baker Hughes, a GE company Class A (NASDAQ:BHGE) last posted its earnings results on Friday, July 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.27). The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted ($0.90) EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that Baker Hughes, a GE company Class A will post $0.49 earnings per share for the current fiscal year.

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Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NASDAQ:BHGE)

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