Aggressive’ Bearish Options Activity Seen in General Electric Company

In today’s session General Electric Company (GE) recorded an unusually high (1,159) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious GE decrease. With 1,159 contracts traded and 81434 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: GE180119P00030000 closed last at: $3.45 or 6.8% down. The stock increased 0.52% or $0.16 on April 8, hitting $30.79. General Electric Company (NYSE:GE) has risen 25.32% since September 2, 2015 and is uptrending. It has outperformed by 20.25% the S&P500.

Analysts await General Electric Company (NYSE:GE) to reports earnings on April, 22 before the open. They expect $0.22 earnings per share, down 29.03% or $0.09 from last year’s $0.31 per share. GE’s profit will be $2.05 billion for 34.99 P/E if the $0.22 EPS becomes reality. After $0.52 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts -57.69% negative EPS growth.

Out of 13 analysts covering General Electric Company (NYSE:GE), 11 rate it “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. $38 is the highest target while $28 is the lowest. The $33 average target is 3.57% above today’s ($30.79) stock price. General Electric Company was the topic in 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Bernstein downgraded the stock on April 4 to “Market Perform” rating. Citigroup initiated the shares of GE in a report on January 21 with “Buy” rating.

The institutional sentiment increased to 0.93 in Q3 2015. Its up 0.10, from 0.83 in 2015Q2. The ratio increased, as 80 funds sold all General Electric Company shares owned while 815 reduced positions. 87 funds bought stakes while 744 increased positions. They now own 5.63 billion shares or 2.96% more from 5.47 billion shares in 2015Q2.

Trian Fund Management L.P. holds 19.5% of its portfolio in General Electric Company for 90.57 million shares. Trustco Bank Corp N Y owns 416,366 shares or 11.15% of their US portfolio. Moreover, Artemis Investment Management Llp has 8.96% invested in the company for 12.04 million shares. The Utah-based Albion Financial Group Ut has invested 8.56% in the stock. Raiff Partners Inc, a New York-based fund reported 115,000 shares.

General Electric Company is a diversified infrastructure and financial services company. The company has a market cap of $287.38 billion. The services and products of the Company range from aircraft engines, power generation, gas and oil production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. It has 166.63 P/E ratio. The Firm operates its divisions through its eight businesses, on the markets they serve: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances, and Lighting and GE Capital.

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