Kanawha Capital Management Has Lowered General Electric (GE) Stake; Shorts at Supportcom …

January 13, 2018 – By Marguerite Chambers

Supportcom Incorporated (NASDAQ:SPRT) had a decrease of 19.45% in short interest. SPRT’s SI was 29,400 shares in January as released by FINRA. Its down 19.45% from 36,500 shares previously. With 24,400 avg volume, 1 days are for Supportcom Incorporated (NASDAQ:SPRT)’s short sellers to cover SPRT’s short positions. The SI to Supportcom Incorporated’s float is 0.21%. The stock decreased 1.14% or $0.03 during the last trading session, reaching $2.6. About 51,452 shares traded or 20.33% up from the average. Support.com, Inc. (NASDAQ:SPRT) has risen 2.28% since January 13, 2017 and is uptrending. It has underperformed by 14.42% the S&P500.

Kanawha Capital Management Llc decreased General Electric (GE) stake by 4.38% reported in 2017Q3 SEC filing. Kanawha Capital Management Llc sold 18,231 shares as General Electric (GE)’s stock declined 7.64%. The Kanawha Capital Management Llc holds 397,888 shares with $9.62 million value, down from 416,119 last quarter. General Electric now has $162.69B valuation. The stock decreased 1.37% or $0.26 during the last trading session, reaching $18.76. About 87.08M shares traded or 7.11% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 13, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Support.com, Inc. provides cloud-based software and services primarily in North America. The company has market cap of $48.66 million. The firm offers turnkey, outsourced support services for service providers, retailers, Internet of Things solution providers, and technology companies. It currently has negative earnings. The Company’s technology support services programs include computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support for both the consumer and small and medium business markets.

Analysts await General Electric Company (NYSE:GE) to report earnings on January, 19. They expect $0.29 earnings per share, down 36.96% or $0.17 from last year’s $0.46 per share. GE’s profit will be $2.51 billion for 16.17 P/E if the $0.29 EPS becomes a reality. After $0.29 actual earnings per share reported by General Electric Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since August 8, 2017, it had 2 buys, and 1 sale for $4.48 million activity. Another trade for 100,000 shares valued at $2.46M was made by TISCH JAMES S on Tuesday, August 22. Comstock Elizabeth J sold 24,693 shares worth $633,375. $2.66M worth of General Electric Company (NYSE:GE) was bought by Flannery John Leonard.

Investors sentiment decreased to 0.69 in Q3 2017. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Winslow Evans & Crocker holds 0.66% in General Electric Company (NYSE:GE) or 82,470 shares. Qci Asset Mgmt Ny invested in 1.39% or 516,150 shares. Illinois-based Great Lakes Advsrs Limited Company has invested 1.36% in General Electric Company (NYSE:GE). Andra Ap owns 384,500 shares or 0.22% of their US portfolio. Advisory Ser stated it has 0.13% of its portfolio in General Electric Company (NYSE:GE). Td Asset Mgmt invested in 0.21% or 5.67M shares. Opus Investment Mngmt, Massachusetts-based fund reported 171,800 shares. Maple Cap reported 335,169 shares. Sns Financial Group Inc Ltd Liability Company stated it has 0.22% of its portfolio in General Electric Company (NYSE:GE). Washington Tru National Bank has 247,680 shares for 0.95% of their portfolio. Vigilant Cap Limited Liability Corporation owns 16,805 shares or 0.06% of their US portfolio. Dorsey And Whitney Trust owns 1.44% invested in General Electric Company (NYSE:GE) for 300,273 shares. First Wilshire has invested 0.54% of its portfolio in General Electric Company (NYSE:GE). Cypress Mgmt Ltd Liability Corp reported 156,489 shares. Susquehanna Int Group Incorporated Llp reported 0.09% of its portfolio in General Electric Company (NYSE:GE).

Among 26 analysts covering General Electric Company (NYSE:GE), 10 have Buy rating, 5 Sell and 11 Hold. Therefore 38% are positive. General Electric Company had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer downgraded the stock to “Underperform” rating in Tuesday, October 24 report. The rating was maintained by RBC Capital Markets with “Buy” on Friday, September 15. The firm has “Hold” rating by Oppenheimer given on Monday, July 17. Cowen & Co maintained it with “Hold” rating and $3000 target in Monday, June 12 report. On Wednesday, October 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of General Electric Company (NYSE:GE) earned “Outperform” rating by RBC Capital Markets on Monday, January 25. The firm has “Sell” rating by Deutsche Bank given on Tuesday, November 21. Morgan Stanley maintained General Electric Company (NYSE:GE) rating on Monday, July 17. Morgan Stanley has “Equal-Weight” rating and $27 target. The stock has “Buy” rating by on Monday, October 10. RBC Capital Markets maintained the shares of GE in report on Monday, October 23 with “Buy” rating.

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By1 Marguerite Chambers