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MBA Advisors cuts GE holdings by 37.1%, but GE beats earnings estimates, valued at $220.37B.
Investor MBA Advisors LLC reduced its holdings in General Electric (GE) by 37.1% to 6,823 shares, worth $1,138,000.
Other firms also adjusted their stakes, with several increasing their holdings.
GE reported earnings of $1.32 per share, beating estimates by $0.27.
The company has a market cap of $220.37 billion, and analysts have an average "Moderate Buy" rating with a price target of $208.73.
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MBA Advisors recorta las tenencias de GE en un 37,1%, pero GE supera las estimaciones de beneficios, valoradas en 220.370 millones de dólares.