Oldfield Partners Llp Lowers stake in General Motors Company (GM)

General Motors Company (GM) : Oldfield Partners Llp reduced its stake in General Motors Company by 2.76% during the most recent quarter end. The investment management company now holds a total of 5,676,950 shares of General Motors Company which is valued at $173.3 Million after selling 161,400 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on May 11, 2016.General Motors Company makes up approximately 14.56% of Oldfield Partners Llp’s portfolio.

Other Hedge Funds, Including , Risk Paradigm Group boosted its stake in GM in the latest quarter, The investment management firm added 637 additional shares and now holds a total of 2,522 shares of General Motors Company which is valued at $76,971. General Motors Company makes up approx 0.10% of Risk Paradigm Group’s portfolio.Numeric Investors reduced its stake in GM by selling 30,400 shares or 63.87% in the most recent quarter. The Hedge Fund company now holds 17,200 shares of GM which is valued at $532,512. General Motors Company makes up approx 0.01% of Numeric Investors’s portfolio. Tradewinds Capital Management sold out all of its stake in GM during the most recent quarter. The investment firm sold 1 shares of GM which is valued $31. Augustine Asset Management Inc sold out all of its stake in GM during the most recent quarter. The investment firm sold 20,035 shares of GM which is valued $620,284. Tradelink Capital added GM to its portfolio by purchasing 10,786 company shares during the most recent quarter which is valued at $333,935. General Motors Company makes up approx 0.62% of Tradelink Capital’s portfolio.

General Motors Company opened for trading at $30.5 and hit $30.98 on the upside on Monday, eventually ending the session at $30.67, with a gain of 0.49% or 0.15 points. The heightened volatility saw the trading volume jump to 1,77,49,489 shares. Company has a market cap of $47,226 M.

On the company’s financial health, General Motors Company reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $1.00. The company had revenue of $37300.00 million for the quarter, compared to analysts expectations of $34546.85 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Investors should note that on Apr 20, 2016, General Motors Company announced a cash dividend of $0.3800. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 23, 2016.

Many Wall Street Analysts have commented on General Motors Company. Company shares were Upgraded by Morgan Stanley on May 6, 2016 to ” Equal-Weight”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $30 .General Motors Company was Downgraded by Argus to ” Hold” on Feb 29, 2016.

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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