General Motors Co (NYSE:GM) Institutional Investor Positioning

September 30, 2018 - By Palma Niemeyer

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Sentiment for General Motors Co (NYSE:GM)

General Motors Co (NYSE:GM) institutional sentiment decreased to 0.91 in 2018 Q2. Its down -0.10, from 1.01 in 2018Q1. The ratio has worsened, as 343 institutional investors increased or started new stock positions, while 375 sold and decreased equity positions in General Motors Co. The institutional investors in our partner’s database now possess: 1.00 billion shares, up from 995.41 million shares in 2018Q1. Also, the number of institutional investors holding General Motors Co in their top 10 stock positions increased from 30 to 33 for an increase of 3. Sold All: 60 Reduced: 315 Increased: 243 New Position: 100.

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company has market cap of $47.51 billion. The firm operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial divisions. It currently has negative earnings. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

It closed at $33.67 lastly. It is down 10.11% since September 30, 2017 and is downtrending. It has underperformed by 25.73% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 23. They expect $1.28 EPS, down 3.03 % or $0.04 from last year’s $1.32 per share. GM’s profit will be $1.81 billion for 6.58 P/E if the $1.28 EPS becomes a reality. After $1.81 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -29.28 % negative EPS growth.

Greenlight Capital Inc holds 26.59% of its portfolio in General Motors Company for 21.16 million shares. Oldfield Partners Llp owns 2.07 million shares or 8.66% of their US portfolio. Moreover, Kazazian Asset Management Llc has 7.37% invested in the company for 203,951 shares. The New York-based Kingstown Capital Management L.P. has invested 7.37% in the stock. P.R. Herzig & Co. Inc., a New York-based fund reported 79,657 shares.

General Motors Company (NYSE:GM) Ratings Coverage

Ratings analysis reveals 75% of General Motors’s analysts are positive. Out of 8 Wall Street analysts rating General Motors, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $36 while the high is $58. The stock’s average target of $47.86 is 42.14% above today’s ($33.67) share price. GM was included in 11 notes of analysts from April 9, 2018. The company was upgraded on Monday, April 9 by Morgan Stanley. The firm has “Buy” rating given on Thursday, April 19 by Guggenheim. The rating was maintained by Buckingham Research with “Neutral” on Thursday, July 26. The rating was maintained by J.P. Morgan with “Buy” on Friday, June 1. On Thursday, May 31 the stock rating was maintained by CFRA with “Buy”. JP Morgan maintained the stock with “Overweight” rating in Friday, July 27 report. The rating was maintained by Goldman Sachs on Tuesday, September 11 with “Neutral”. The company was maintained on Tuesday, June 5 by Morgan Stanley. The firm earned “Outperform” rating on Thursday, May 31 by Evercore. The firm earned “Overweight” rating on Friday, June 1 by JP Morgan.

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “Are We Sure General Motors Is A Good Value? (Podcast)” on September 25, 2018, also Fool.com with their article: “3 Dividend Stocks That Pay You More Than GM Does” published on September 16, 2018, Seekingalpha.com published: “Here’s The Biggest Thing Ford And GM Shareholders Should Worry About” on September 11, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “GM needs to free Cruise division soon or give up advantage, analyst says” published on September 06, 2018 as well as 247Wallst.com‘s news article titled: “Return to Detroit Won’t Help Cadillac’s Prospects” with publication date: September 27, 2018.

General Motors Company (NYSE:GM) Institutional Positions Chart

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