TIAA CREF Investment Management LLC Reduces Position in Baker Hughes A GE Co (BHI)

TIAA CREF Investment Management LLC lowered its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,361,510 shares of the oilfield services provider’s stock after selling 333,140 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Baker Hughes A GE were worth $128,726,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BHI. UBS Asset Management Americas Inc. increased its position in Baker Hughes A GE by 11.3% during the first quarter. UBS Asset Management Americas Inc. now owns 1,305,240 shares of the oilfield services provider’s stock worth $78,079,000 after acquiring an additional 132,609 shares during the period. Gamco Investors INC. ET AL increased its position in Baker Hughes A GE by 10.9% during the first quarter. Gamco Investors INC. ET AL now owns 124,636 shares of the oilfield services provider’s stock worth $7,456,000 after acquiring an additional 12,250 shares during the period. Gabelli Funds LLC increased its position in Baker Hughes A GE by 5.7% during the first quarter. Gabelli Funds LLC now owns 266,012 shares of the oilfield services provider’s stock worth $15,913,000 after acquiring an additional 14,437 shares during the period. Meadow Creek Investment Management LLC increased its position in Baker Hughes A GE by 152.3% during the first quarter. Meadow Creek Investment Management LLC now owns 172,816 shares of the oilfield services provider’s stock worth $10,338,000 after acquiring an additional 104,328 shares during the period. Finally, Teza Capital Management LLC bought a new position in Baker Hughes A GE during the first quarter worth $624,000. 91.32% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes A GE Co (NYSE:BHI) opened at 57.68 on Friday. The firm’s 50-day moving average is $55.90 and its 200-day moving average is $59.83. Baker Hughes A GE Co has a 52-week low of $43.09 and a 52-week high of $68.59.

Several brokerages have issued reports on BHI. Barclays PLC reissued a “buy” rating on shares of Baker Hughes A GE in a report on Thursday, June 22nd. Zacks Investment Research lowered shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. BidaskClub raised shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Baker Hughes A GE in a report on Tuesday, July 18th. Finally, FBR & Co began coverage on shares of Baker Hughes A GE in a report on Monday, July 17th. They issued a “mkt perform” rating and a $42.00 price target on the stock. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company. Baker Hughes A GE currently has a consensus rating of “Hold” and an average price target of $62.27.

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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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