Baker Hughes (NASDAQ:BKR) Position Trimmed by Lmcg Investments LLC

Lmcg Investments LLC lowered its stake in Baker Hughes (NASDAQ:BKR) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 122,392 shares of the company’s stock after selling 6,899 shares during the period. Lmcg Investments LLC’s holdings in Baker Hughes were worth $5,021,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes during the third quarter valued at approximately $30,000. True Wealth Design LLC raised its stake in Baker Hughes by 2,181.6% during the 3rd 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 period. Continuum Advisory LLC lifted its holdings in shares of Baker Hughes by 442.2% in the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after purchasing an additional 796 shares in the last quarter. Quarry LP boosted its position in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after buying an additional 714 shares during the period. Finally, Eastern Bank grew its holdings in shares of Baker Hughes by 598.4% during the fourth quarter. Eastern Bank now owns 1,739 shares of the company’s stock valued at $71,000 after buying an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKR. Stifel Nicolaus increased their target price on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. BMO Capital Markets lifted their price objective on Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Barclays upped their target price on Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Citigroup lifted their price target on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group raised their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.53.

Baker Hughes Stock Up 0.5 %

Shares of NASDAQ BKR opened at $46.54 on Tuesday. 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 firm has a market capitalization of $46.05 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The firm’s 50-day moving average is $42.74 and its 200-day moving average is $38.38. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $47.47.

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

Baker Hughes Company Profile

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.