Transcend Capital Advisors LLC Decreases Holdings in GE HealthCare Technologies Inc. (NASDAQ:GEHC)

Transcend Capital Advisors LLC trimmed its holdings in shares of GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the company’s stock after selling 142 shares during the period. Transcend Capital Advisors LLC’s holdings in GE HealthCare Technologies were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Centricity Wealth Management LLC purchased a new stake in GE HealthCare Technologies during the 4th quarter worth about $44,000. Kentucky Retirement Systems lifted its holdings in GE HealthCare Technologies by 6.1% during the 4th quarter. Kentucky Retirement Systems now owns 31,396 shares of the company’s stock worth $2,455,000 after buying an additional 1,809 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of GE HealthCare Technologies by 52.2% in the 4th quarter. Handelsbanken Fonder AB now owns 249,201 shares of the company’s stock valued at $19,483,000 after purchasing an additional 85,510 shares during the last quarter. Summit Place Financial Advisors LLC boosted its position in shares of GE HealthCare Technologies by 2.5% in the 4th quarter. Summit Place Financial Advisors LLC now owns 35,053 shares of the company’s stock valued at $2,740,000 after purchasing an additional 867 shares during the period. Finally, Chapman Investment Management LLC boosted its position in shares of GE HealthCare Technologies by 0.4% in the 4th quarter. Chapman Investment Management LLC now owns 83,071 shares of the company’s stock valued at $6,494,000 after purchasing an additional 292 shares during the period. 82.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEHC has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on GE HealthCare Technologies from $96.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded shares of GE HealthCare Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $95.00 to $103.00 in a research report on Wednesday, January 8th. Finally, Citigroup raised their target price on shares of GE HealthCare Technologies from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.67.

GE HealthCare Technologies Stock Down 1.1 %

Shares of NASDAQ:GEHC opened at $91.09 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.83 and a current ratio of 1.04. GE HealthCare Technologies Inc. has a 1 year low of $74.51 and a 1 year high of $94.80. The stock has a market capitalization of $41.66 billion, a P/E ratio of 21.04, a PEG ratio of 3.19 and a beta of 1.15. The stock has a 50-day simple moving average of $85.05 and a 200-day simple moving average of $85.90.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its earnings results on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.19. GE HealthCare Technologies had a return on equity of 25.74% and a net margin of 10.13%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Equities analysts forecast that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current year.

GE HealthCare Technologies Profile

GE HealthCare Technologies Inc engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics.