Mackay Shields Lowers stake in GENERAL MOTORS COMPANY COM (GM)

GENERAL MOTORS COMPANY COM (GM) : Mackay Shields reduced its stake in GENERAL MOTORS COMPANY COM by 35.59% during the most recent quarter end. The investment management company now holds a total of 300,140 shares of GENERAL MOTORS COMPANY COM which is valued at $9,658,505 after selling 165,835 shares in GENERAL MOTORS COMPANY COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.GENERAL MOTORS COMPANY COM makes up approximately 2.59% of Mackay Shields’s portfolio.

GENERAL MOTORS COMPANY COM closed down -0.03 points or -0.09% at $32.16 with 67,11,411 shares getting traded on Wednesday. Post opening the session at $32.18, the shares hit an intraday low of $31.99 and an intraday high of $32.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Gradient Investments boosted its stake in GM in the latest quarter, The investment management firm added 16,455 additional shares and now holds a total of 122,805 shares of GENERAL MOTORS COMPANY COM which is valued at $3,752,921. GENERAL MOTORS COMPANY COM makes up approx 0.46% of Gradient Investments’s portfolio.Sentinel Trust Co Lba boosted its stake in GM in the latest quarter, The investment management firm added 7,234 additional shares and now holds a total of 81,654 shares of GENERAL MOTORS COMPANY COM which is valued at $2,495,346. GENERAL MOTORS COMPANY COM makes up approx 0.37% of Sentinel Trust Co Lba’s portfolio.Bkd Wealth Advisors boosted its stake in GM in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 53,106 shares of GENERAL MOTORS COMPANY COM which is valued at $1,622,919. GENERAL MOTORS COMPANY COM makes up approx 0.26% of Bkd Wealth Advisors’s portfolio. Contravisory Investment Management added GM to its portfolio by purchasing 65 company shares during the most recent quarter which is valued at $1,986.

On the company’s financial health, GENERAL MOTORS COMPANY COM 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.

Many Wall Street Analysts have commented on GENERAL MOTORS COMPANY COM. 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 COM was Downgraded by Argus to ” Hold” on Feb 29, 2016. Morgan Stanley Resumed GENERAL MOTORS COMPANY COM on Feb 24, 2016 to “Underweight”, Price Target of the shares are set at $26.

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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