Lmcg Investments LLC Has $5.02 Million Holdings in Baker Hughes (NASDAQ:BKR)

Lmcg Investments LLC trimmed its position in Baker Hughes (NASDAQ:BKR) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 122,392 shares of the company’s stock after selling 6,899 shares during the quarter. Lmcg Investments LLC’s holdings in Baker Hughes were worth $5,021,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in Baker Hughes in the 3rd quarter valued at $30,000. True Wealth Design LLC boosted its position in Baker Hughes by 2,181.6% during the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after purchasing an additional 829 shares during the last quarter. Groupama Asset Managment grew its stake in Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after purchasing an additional 811,711 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Baker Hughes by 81.1% in the 2nd quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after buying an additional 714 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Stock Up 0.5 %

Shares of BKR opened at $46.54 on Tuesday. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $47.47. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $46.05 billion, a PE ratio of 20.87, a PEG ratio of 0.89 and a beta of 1.39. The stock’s 50-day moving average price is $42.74 and its two-hundred day moving average price is $38.38.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business earned $0.42 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. TD Cowen dropped their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Bank of America lifted their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus increased their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Susquehanna upped their target price on Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.53.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.