Sequoia Financial Advisors reduced its stake in GE HealthCare Technologies by 12,841 shares whereas Maryland State Retirement & Pension System and Wellington Management Group LLP increased their positions. Several new investments were made by firms such as Norden Group LLC, Wealthcare Advisory Partners LLC, and Allspring Global Investments Holdings LLC. Significant institutional interest is indicated by 75% ownership. GEHC entered a partnership to enhance MRI technology and ties up to improve CVD Workflow while it also witnessed an underperformance in Q1 2024, causing a significant one-day loss. GEHC tumbled after earnings miss, yet rose by 24% in February 2024. A troubling indication might be the 14% crash and stock's overvaluation by 49%. Still, it remains a favorite among 'long-term' and 'value' investors. The institution's cash dividend, investment upsurge, continued strong ROE above industry average, and novel technology integration all hint towards future potential.
Ge Healthcare Technologies GEHC News Analytics from Sat, 13 Jan 2024 08:00:00 GMT to Sun, 07 Jul 2024 12:19:30 GMT -
Rating -2
- Innovation 5
- Information 5
- Rumor -3
