Stoneridge Investment Partners LLC decreased its stake in Baker Hughes A GE Co (NYSE:BHI) by 82.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,654 shares of the oilfield services provider’s stock after selling 25,689 shares during the period. Stoneridge Investment Partners LLC’s holdings in Baker Hughes A GE were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cigna Investments Inc. New boosted its position in shares of Baker Hughes A GE by 58.5% in the second quarter. Cigna Investments Inc. New now owns 27,828 shares of the oilfield services provider’s stock valued at $1,517,000 after buying an additional 10,266 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of 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 in the last quarter. Seven Bridges Advisors LLC boosted its position in shares of 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 boosted its position in shares of 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. Finally, Glen Point Capital LLP acquired a new position in shares of Baker Hughes A GE during the second quarter valued at $20,060,000. Institutional investors and hedge funds own 91.32% of the company’s stock.

Shares of Baker Hughes A GE Co (BHI) opened at 57.68 on Friday. Baker Hughes A GE Co has a 12-month low of $43.09 and a 12-month high of $68.59. The stock has a 50 day moving average of $55.90 and a 200-day moving average of $59.83.

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Several brokerages have recently weighed in on BHI. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Baker Hughes A GE in a research note on Tuesday, July 18th. Morgan Stanley began 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 price target on the stock. FBR & Co began coverage on shares of Baker Hughes A GE in a research note on Monday, July 17th. They set a “mkt perform” rating and a $42.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $67.00 price target on shares of Baker Hughes A GE in a research note on Thursday, July 6th. Finally, BidaskClub upgraded shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company 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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