Addison Capital Co Lowers stake in General Motors Company (GM)

General Motors Company (GM) : Addison Capital Co reduced its stake in General Motors Company by 4.55% during the most recent quarter end. The investment management company now holds a total of 102,203 shares of General Motors Company which is valued at $3,123,324 after selling 4,870 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.General Motors Company makes up approximately 2.36% of Addison Capital Co’s portfolio.

General Motors Company closed down -0.16 points or -0.52% at $30.56 with 82,61,223 shares getting traded on Friday. Post opening the session at $30.68, the shares hit an intraday low of $30.405 and an intraday high of $30.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in GM by selling 328 shares or 52.23% in the most recent quarter. The Hedge Fund company now holds 300 shares of GM which is valued at $9,168.Edge Wealth Management reduced its stake in GM by selling 83,562 shares or 74.58% in the most recent quarter. The Hedge Fund company now holds 28,488 shares of GM which is valued at $841,251. General Motors Company makes up approx 0.38% of Edge Wealth Management’s portfolio.Kistler-tiffany Companies boosted its stake in GM in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 343 shares of General Motors Company which is valued at $10,129. General Motors Company makes up approx 0.01% of Kistler-tiffany Companies’s portfolio.Kempner Capital Management boosted its stake in GM in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 218,320 shares of General Motors Company which is valued at $6,446,990. General Motors Company makes up approx 3.91% of Kempner Capital Management’s portfolio. First American Trust Fsb sold out all of its stake in GM during the most recent quarter. The investment firm sold 75,536 shares of GM which is valued $2,230,578.

On the company’s financial health, General Motors Company reported $1.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $1.20. The company had revenue of $39600.00 million for the quarter, compared to analysts expectations of $36654.15 million. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on General Motors Company. General Motors Company was Downgraded by Argus to ” Hold” on Feb 29, 2016. Morgan Stanley Resumed General Motors Company on Feb 24, 2016 to “Underweight”, Price Target of the shares are set at $26.Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 30 from a previous price target of $35 .

General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.

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