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MBA Advisors LLC cut its GE holdings by nearly 38%, but GE's earnings beat estimates, boosting its stock.
MBA Advisors LLC reduced its holdings in General Electric (GE) by 37.1%, selling 4,019 shares.
Meanwhile, several other investors increased their stakes.
GE reported earnings of $1.32 per share, beating estimates, with a market cap of $220.37 billion and a dividend yield of 0.55%.
Analysts have a "Moderate Buy" rating with an average target price of $208.73.
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MBA Advisors LLC redujo sus participaciones en GE en casi un 38%, pero las ganancias de GE superaron las estimaciones, aumentando sus acciones.