General Mtrs Co (GM) Stock Declined While Hourglass Capital LLC Trimmed Stake

September 30, 2018 - By William Brooks

General Motors Company (NYSE:GM) LogoInvestors sentiment decreased to 0.91 in 2018 Q2. Its down 0.10, from 1.01 in 2018Q1. It worsened, as 59 investors sold GM shares while 314 reduced holdings. 98 funds opened positions while 243 raised stakes. 1.00 billion shares or 0.60% more from 995.41 million shares in 2018Q1 were reported. Mariner Wealth holds 31,154 shares. Aqr Mgmt Lc owns 3.45 million shares for 0.14% of their portfolio. Great West Life Assurance Co Can invested in 2.79 million shares or 0.26% of the stock. Richard Bernstein Lc, a New York-based fund reported 105,933 shares. Northpointe Capital Ltd Liability, a Michigan-based fund reported 127,432 shares. Avalon Advsrs Lc holds 0.34% of its portfolio in General Motors Company (NYSE:GM) for 294,840 shares. Nomura Asset Mngmt Limited holds 0.2% or 488,149 shares in its portfolio. Nwq Mgmt Ltd has 1.15% invested in General Motors Company (NYSE:GM) for 1.62M shares. Steinberg Asset Management holds 91,385 shares or 0.53% of its portfolio. Boyd Watterson Asset Mgmt Limited Liability Corp Oh owns 0.61% invested in General Motors Company (NYSE:GM) for 27,000 shares. Mackay Shields Lc owns 0.15% invested in General Motors Company (NYSE:GM) for 532,023 shares. Accuvest Advisors holds 10,822 shares or 0.16% of its portfolio. Afam Capital Inc owns 168,501 shares for 0.97% of their portfolio. Ing Groep Nv owns 1.23% invested in General Motors Company (NYSE:GM) for 1.64 million shares. Blb&B Advsrs Ltd holds 0.57% or 105,978 shares in its portfolio.

Hourglass Capital Llc decreased its stake in General Mtrs Co (GM) by 34.12% based on its latest 2018Q2 regulatory filing with the SEC. Hourglass Capital Llc sold 98,773 shares as the company’s stock declined 23.37% while stock markets rallied. The hedge fund held 190,692 shares of the auto manufacturing company at the end of 2018Q2, valued at $7.51 million, down from 289,465 at the end of the previous reported quarter. Hourglass Capital Llc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $47.51B market cap company. 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.

Hourglass Capital Llc, which manages about $861.92M and $398.94 million US Long portfolio, upped its stake in Dowdupont Inc by 64,807 shares to 78,765 shares, valued at $5.19 million in 2018Q2, according to the filing.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 23. They expect $1.28 earnings per share, 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 earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -29.28 % negative EPS growth.

More notable recent General Motors Company (NYSE:GM) news were published by: Fool.com which released: “Will the Driverless-Car Race End With a Tie?” on September 26, 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: “Are We Sure General Motors Is A Good Value? (Podcast)” on September 25, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Fool.com and their article: “Better Buy: General Motors vs. Tesla” published on September 10, 2018 as well as 247Wallst.com‘s news article titled: “September Auto Sales Will Be Better Than They Look” with publication date: September 26, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

Among 8 analysts covering General Motors (NYSE:GM), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. General Motors had 11 analyst reports since April 9, 2018 according to SRatingsIntel. The stock of General Motors Company (NYSE:GM) has “Overweight” rating given on Friday, July 27 by JP Morgan. J.P. Morgan maintained the stock with “Buy” rating in Friday, June 1 report. Goldman Sachs maintained General Motors Company (NYSE:GM) on Tuesday, September 11 with “Neutral” rating. The firm has “Neutral” rating given on Thursday, July 26 by Buckingham Research. JP Morgan maintained it with “Overweight” rating and $58 target in Friday, June 1 report. The stock has “Overweight” rating by Morgan Stanley on Monday, April 9. The stock of General Motors Company (NYSE:GM) has “Overweight” rating given on Friday, August 17 by Morgan Stanley. The rating was maintained by Morgan Stanley on Tuesday, June 5 with “Overweight”. Evercore upgraded it to “Outperform” rating and $50 target in Thursday, May 31 report. Guggenheim maintained General Motors Company (NYSE:GM) on Thursday, April 19 with “Buy” rating.

General Motors Company (NYSE:GM) Institutional Positions Chart

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