GE HealthCare Technologies Inc. (NASDAQ:GEHC) Stock Position Increased by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in GE HealthCare Technologies Inc. (NASDAQ:GEHC) by 2.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,297 shares of the company’s stock after buying an additional 153 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in GE HealthCare Technologies were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GEHC. Farther Finance Advisors LLC raised its stake in shares of GE HealthCare Technologies by 10.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,520 shares of the company’s stock worth $424,000 after buying an additional 443 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of GE HealthCare Technologies during the third quarter worth $4,367,000. QRG Capital Management Inc. raised its position in shares of GE HealthCare Technologies by 7.3% during the third quarter. QRG Capital Management Inc. now owns 7,128 shares of the company’s stock worth $669,000 after purchasing an additional 485 shares during the period. LGT Financial Advisors LLC raised its position in shares of GE HealthCare Technologies by 1,673.3% during the third quarter. LGT Financial Advisors LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the period. Finally, M&G PLC raised its position in shares of GE HealthCare Technologies by 4.6% during the third quarter. M&G PLC now owns 83,095 shares of the company’s stock worth $7,811,000 after purchasing an additional 3,673 shares during the period. Institutional investors own 82.06% of the company’s stock.

GE HealthCare Technologies Stock Performance

Shares of GEHC stock opened at $86.58 on Friday. The stock’s fifty day simple moving average is $86.63 and its 200-day simple moving average is $86.13. The company has a current ratio of 1.04, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. GE HealthCare Technologies Inc. has a 1-year low of $74.51 and a 1-year high of $94.80. The company has a market capitalization of $39.59 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 3.19 and a beta of 1.13.

GE HealthCare Technologies (NASDAQ:GEHC) last issued its earnings results on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating 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 firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.33 billion. On average, sell-side analysts predict that GE HealthCare Technologies Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GEHC shares. Wells Fargo & Company boosted their target price on GE HealthCare Technologies from $96.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group raised GE HealthCare Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $103.00 in a research report on Wednesday, January 8th. Finally, Citigroup boosted their target price on 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 analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, GE HealthCare Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.67.

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.