Cacti Asset Management Lowers stake in General Motors Company (GM)

General Motors Company (GM) : Cacti Asset Management reduced its stake in General Motors Company by 0.97% during the most recent quarter end. The investment management company now holds a total of 889,545 shares of General Motors Company which is valued at $27.1 Million after selling 8,680 shares in General Motors Company according to a report filed by the company on Apr 1, 2016 with the SEC.General Motors Company makes up approximately 2.91% of Cacti Asset Management’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group boosted its stake in GM in the latest quarter, The investment management firm added 224 additional shares and now holds a total of 16,690 shares of General Motors Company which is valued at $508,544. General Motors Company makes up approx 0.11% of Beacon Financial Group’s portfolio.

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 opened for trading at $29.49 and hit $30.04 on the upside on Monday, eventually ending the session at $29.53, with a gain of 0.54% or 0.16 points. The heightened volatility saw the trading volume jump to 88,82,928 shares. Company has a market cap of $45,609 M.

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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