General Motors Company (GM) : Rocky Mountain Advisers has sold out all of its stake in General Motors Company during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 29 shares of General Motors Company which is valued at $916.
Other Hedge Funds, Including , Schwerin Boyle Capital Management Inc reduced its stake in GM by selling 7,850 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 792,467 shares of GM which is valued at $25,018,183. General Motors Company makes up approx 3.44% of Schwerin Boyle Capital Management Inc’s portfolio.High Pointe Capital Management reduced its stake in GM by selling 290 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 44,020 shares of GM which is valued at $1,397,635. General Motors Company makes up approx 1.96% of High Pointe Capital Management’s portfolio. Ropes Wealth Advisors added GM to its portfolio by purchasing 1,101 company shares during the most recent quarter which is valued at $34,957. General Motors Company makes up approx 0.01% of Ropes Wealth Advisors’s portfolio.Stephens Inc Ar boosted its stake in GM in the latest quarter, The investment management firm added 6,859 additional shares and now holds a total of 96,099 shares of General Motors Company which is valued at $2,959,849. General Motors Company makes up approx 0.13% of Stephens Inc Ar’s portfolio.Louisiana State Employees Retirement System reduced its stake in GM by selling 2,100 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 91,900 shares of GM which is valued at $2,942,638. General Motors Company makes up approx 0.15% of Louisiana State Employees Retirement System’s portfolio.
General Motors Company closed down -0.12 points or -0.38% at $31.8 with 1,48,98,781 shares getting traded on Thursday. Post opening the session at $31.86, the shares hit an intraday low of $31.34 and an intraday high of $32.55 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.