First Bank & Trust Reduces Position in Baker Hughes A GE Co (BHI)

First Bank & Trust reduced its position in shares of Baker Hughes A GE Co (NYSE:BHI) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,193 shares of the oilfield services provider’s stock after selling 46 shares during the period. First Bank & Trust’s holdings in Baker Hughes A GE were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BHI. Winslow Evans & Crocker Inc. raised its position in shares of Baker Hughes A GE by 7.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,880 shares of the oilfield services provider’s stock worth $103,000 after buying an additional 138 shares in the last quarter. Winch Advisory Services LLC bought a new position in shares of Baker Hughes A GE during the first quarter worth about $104,000. Partners Capital Investment Group Holdings LLC raised its position in shares of Baker Hughes A GE by 0.3% in the first quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider’s stock worth $116,000 after buying an additional 5 shares in the last quarter. First Manhattan Co. raised its position in shares of Baker Hughes A GE by 19.3% in the first quarter. First Manhattan Co. now owns 2,470 shares of the oilfield services provider’s stock worth $124,000 after buying an additional 400 shares in the last quarter. Finally, TrimTabs Asset Management LLC raised its position in shares of Baker Hughes A GE by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 2,121 shares of the oilfield services provider’s stock worth $127,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

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

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Several research firms have recently weighed in on BHI. Barclays PLC restated a “buy” rating on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Jefferies Group LLC reduced their price objective on shares of Baker Hughes A GE from $72.00 to $67.00 and set a “hold” rating for the company in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Baker Hughes A GE in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Baker Hughes A GE currently has an average rating of “Hold” and an average target price of $63.10.

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)

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