General Motors Company (GM) : Knighthead Capital Management reduced its stake in General Motors Company by 43.26% during the most recent quarter end. The investment management company now holds a total of 459,005 shares of General Motors Company which is valued at $15,275,686 after selling 350,000 shares in General Motors Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.General Motors Company makes up approximately 9.64% of Knighthead Capital Management’s portfolio.
Other Hedge Funds, Including , Wfg Advisors Lp reduced its stake in GM by selling 8,137 shares or 90.1% in the most recent quarter. The Hedge Fund company now holds 894 shares of GM which is valued at $29,752. General Motors Company makes up approx 0.01% of Wfg Advisors Lp’s portfolio.Pacer Advisors boosted its stake in GM in the latest quarter, The investment management firm added 386 additional shares and now holds a total of 39,513 shares of General Motors Company which is valued at $1,293,260. General Motors Company makes up approx 0.20% of Pacer Advisors’s portfolio.Pitcairn Co reduced its stake in GM by selling 17,447 shares or 48.84% in the most recent quarter. The Hedge Fund company now holds 18,279 shares of GM which is valued at $565,918. General Motors Company makes up approx 0.07% of Pitcairn Co’s portfolio.Rand Wealth reduced its stake in GM by selling 866 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 52,055 shares of GM which is valued at $1,622,034. General Motors Company makes up approx 0.22% of Rand Wealth’s portfolio.Sanders Morris Harris reduced its stake in GM by selling 540 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 192,090 shares of GM which is valued at $6,335,128. General Motors Company makes up approx 2.38% of Sanders Morris Harris’s portfolio.
General Motors Company closed down -0.42 points or -1.26% at $33 with 86,17,196 shares getting traded on Monday. Post opening the session at $33.4, the shares hit an intraday low of $32.96 and an intraday high of $33.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, General Motors Company reported $1.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $1.45. The company had revenue of $42825.00 million for the quarter, compared to analysts expectations of $37478.94 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.
Investors should note that on Oct 24, 2016, General Motors Company announced a cash dividend of $0.3800. The company’s management has announced Dec 5, 2016 as the ex-dividend date and fixed the record date on Dec 7, 2016. The payable date has been fixed on Dec 22, 2016.
Many Wall Street Analysts have commented on General Motors Company. General Motors Company was Downgraded by BofA/Merrill to ” Neutral” on Oct 26, 2016. Nomura Initiated General Motors Company on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $33.Company shares were Upgraded by Morgan Stanley on Sep 19, 2016 to ” Overweight”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .
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.