Live Stock Coverage: Is General Motors Co (NYSE:GM) Going to Burn These Institutional Investors?

November 24, 2016 - By Darrin Black   ·   0 Comments

Live Stock Coverage: Is General Motors Co (NYSE:GM) Going to Burn These Institutional Investors?

Sentiment for General Motors Co (NYSE:GM)

General Motors Co (NYSE:GM) institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.06, from 1.08 in 2016Q1. The ratio is more positive, as 393 funds opened new and increased equity positions, while 363 reduced and sold their stakes in General Motors Co. The funds in our partner’s database reported: 1.08 billion shares, down from 1.13 billion shares in 2016Q1. Also, the number of funds holding General Motors Co in their top 10 equity positions decreased from 48 to 36 for a decrease of 12. Sold All: 86 Reduced: 277 Increased: 327 New Position: 66.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company has a market cap of $52.87 billion. The Firm provides automotive financing services through General Motors Financial Company, Inc. . It has a 3.87 P/E ratio. The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

The stock increased 0.18% or $0.06 on November 23, hitting $33.86. About 8.71 million shares traded hands. General Motors Company (NYSE:GM) has risen 5.22% since April 22, 2016 and is uptrending. It has underperformed by 0.19% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 1. They expect $1.20 earnings per share, down 13.67% or $0.19 from last year’s $1.39 per share. GM’s profit will be $1.87 billion for 7.05 P/E if the $1.20 EPS becomes a reality. After $1.72 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -30.23% negative EPS growth.

According to Zacks Investment Research, “General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. Its business is organized into three geographically-based segments- General Motors North America (GMNA), General Motors International Operations (GMIO) and General Motors Europe (GME). General Motors Company is headquartered in Detroit, Michigan, the United States of America.”

Oldfield Partners Llp holds 15.57% of its portfolio in General Motors Company for 6.85 million shares. Knighthead Capital Management Llc owns 809,005 shares or 12.9% of their US portfolio. Moreover, Greenlight Capital Inc has 8.94% invested in the company for 17.21 million shares. The California-based Oakmont Corp has invested 8.63% in the stock. Moon Capital Management Lp, a New York-based fund reported 652,430 shares.#img1#

General Motors Company (NYSE:GM) Ratings Coverage

Ratings analysis reveals 50% of General Motors Company’s analysts are positive. Out of 16 Wall Street analysts rating General Motors Company, 8 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $26 while the high is $57. The stock’s average target of $39.28 is 16.01% above today’s ($33.86) share price. GM was included in 38 notes of analysts from July 24, 2015. The firm has “Outperform” rating given on Monday, January 11 by Credit Suisse. The rating was initiated by Jefferies with “Hold” on Tuesday, August 9. On Tuesday, September 20 the stock rating was initiated by Nomura with “Neutral”. The firm has “Buy” rating given on Tuesday, August 9 by Seaport Global. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Friday, July 22. RBC Capital Markets has “Sector Perform” rating and $34 price target. Berenberg initiated the stock with “Sell” rating in Tuesday, November 22 report. The rating was maintained by Citigroup on Wednesday, September 2 with “Buy”. The stock of General Motors Company (NYSE:GM) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The rating was maintained by UBS with “Buy” on Friday, July 24. As per Thursday, October 22, the company rating was maintained by UBS.

GM Company Profile

General Motors Company, incorporated on August 11, 2009, designs, manufactures and sells cars, trucks, crossovers and automobile parts. The Firm provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. The GMNA segment offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands in North America. The Firm offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands outside North America.

More recent General Motors Company (NYSE:GM) news were published by: Fortune.com which released: “General Motors to Lay Off 2000 Employees in Ohio and Michigan” on November 09, 2016. Also Seekingalpha.com published the news titled: “GM: All Is Not Well With The Buyback” on November 24, 2016. Fool.com‘s news article titled: “Why Donald Trump’s NAFTA Plan Will Cost Ford and General Motors Billions” with publication date: November 13, 2016 was also an interesting one.

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By Darrin Black

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