Anchor Bolt Capital Lp buys $181,055,339 stake in General Motors Company (GM)

General Motors Company (GM) : Anchor Bolt Capital Lp scooped up 1,035,507 additional shares in General Motors Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 5,735,044 shares of General Motors Company which is valued at $181,055,339.General Motors Company makes up approximately 5.96% of Anchor Bolt Capital Lp’s portfolio.

Other Hedge Funds, Including , Allen Investment Management reduced its stake in GM by selling 5,160 shares or 34.17% in the most recent quarter. The Hedge Fund company now holds 9,940 shares of GM which is valued at $313,806. General Motors Company makes up approx 0.02% of Allen Investment Management’s portfolio.Plante Moran Financial Advisors boosted its stake in GM in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 21,569 shares of General Motors Company which is valued at $652,247. General Motors Company makes up approx 0.46% of Plante Moran Financial Advisors’s portfolio.Pekin Singer Strauss Asset Management Il reduced its stake in GM by selling 2,454 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 55,373 shares of GM which is valued at $1,674,480. General Motors Company makes up approx 0.36% of Pekin Singer Strauss Asset Management Il’s portfolio.Solaris Asset Management boosted its stake in GM in the latest quarter, The investment management firm added 399 additional shares and now holds a total of 837 shares of General Motors Company which is valued at $26,801. General Motors Company makes up approx 0.02% of Solaris Asset Management’s portfolio.High Point Bank Trust Co boosted its stake in GM in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 2,536 shares of General Motors Company which is valued at $81,203. General Motors Company makes up approx 0.02% of High Point Bank Trust Co’s portfolio.

General Motors Company opened for trading at $31.99 and hit $31.99 on the upside on Wednesday, eventually ending the session at $31.89, with a gain of 0.47% or 0.15 points. The heightened volatility saw the trading volume jump to 12,554,723 shares. Company has a market cap of $49,810 M.

On the company’s financial health, General Motors Company reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.51. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Many Wall Street Analysts have commented on General Motors Company. General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated General Motors Company on Aug 9, 2016 to “Hold”, Price Target of the shares are set at $33.Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .

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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