General Motors Co 2018 Q1 Big Money Sentiment Better Than Expected, now at 1.01

June 27, 2018 - By Norman Soto

General Motors Company (NYSE:GM) Corporate Logo

Positions for General Motors Co (NYSE:GM)

In 2018 Q1 General Motors Co (NYSE:GM) big money sentiment increased to 1.01, SEC.gov filings reveal. That’s up 0.10, from 2017Q4’s 0.91. 374 hedge funds increased or opened new positions, while 369 decreased and sold positions in General Motors Co so the sentiment is more positive. These funds own 995.41 million shares, that’s down from 999.45 million shares in 2017Q4. Funds holding General Motors Co in top 10 changed to 30 from 33 for a decrease of 3. 77 Investors Sold All; 292 Reduced Holdings; 284 increased holdings while 90 hedge funds bought holdings.

Significant General Motors Co Shareholders

As of 2018 Q1 Greenlight Capital Inc has 20.6% invested in General Motors Co. As of 2018 Q1, 3.08 million shares of General Motors Co are owned by Oldfield Partners Llp. Kingstown Capital Management L.P. reported 1.50 million shares. The New York-based fund Kazazian Asset Management Llc have invested about 6.4% of the investment manager’s stock portfolio in General Motors Co. The New York-based fund P.R. Herzig & Co. Inc. looks positive on General Motors Co, having 80,600 shares.

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide.The company has $57.70 billion market cap. The firm operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial divisions.Last it reported negative earnings. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

Ticker’s shares touched $40.94 during the last trading session after 0.17% change.Currently General Motors Company is uptrending after 17.48% change in last June 27, 2017. GM has also 258,860 shares volume. The stock outperformed the S&P 500 by 4.91%.

On July, 24 General Motors Company (NYSE:GM)’s earnings report is expected by WallStreet, Faxor reports. Analysts forecast $1.87 earnings per share. That’s $0.02 down or 1.06 % from 2017’s earnings of $1.89. If GM’s EPS is $1.87 the profit will reach $2.64 billion for 5.47 P/E. Wall Street now predicts 30.77 % EPS growth despite General Motors Company previous quarter’s EPS of $1.43.

Advisors Ltd Liability Corporation accumulated 496,364 shs. California State Teachers Retirement Systems accumulated 2.46M shs. Carret Asset Mngmt Lc, a New York-based fund reported 77,361 shs. Ing Groep Nv reported 0.01% stake. Prentiss Smith And holds 0.03% or 1,700 shs in its capital. Johnson Inv Counsel stated it has 13,178 shs. Cordasco Fincl stated it has 0.18% of its capital in General Motors Company (NYSE:GM). California Employees Retirement Systems holds 0.18% of its capital in General Motors Company (NYSE:GM) for 3.50M shs. Dynamic Advisor Solutions Ltd Liability Corporation has invested 0.45% in General Motors Company (NYSE:GM). British Columbia Inv invested in 480,897 shs. Strs Ohio invested in 1.96 million shs. Stevens Capital Mgmt L P holds 330,628 shs or 0.46% of its capital. Oppenheimer And Co stated it has 103,707 shs. Vanguard holds 0.14% in General Motors Company (NYSE:GM) or 89.82 million shs. Amp Cap Invsts has invested 0.11% of its capital in General Motors Company (NYSE:GM).

General Motors Company (NYSE:GM) Ratings Coverage

In total 12 analysts cover General Motors (NYSE:GM). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. (NYSE:GM) has 83% bullish analysts. With $70.0 highest and $42.0 lowest target, General Motors has $53.50 average target or 30.68% above the current ($40.94) price. 18 are the (NYSE:GM)’s ratings reports on 27 Jun 2018 according to StockzIntelligence Inc. On Tuesday, March 13 JP Morgan maintained General Motors Company (NYSE:GM) with “Overweight” rating. On Friday, June 1 J.P. Morgan maintained General Motors Company (NYSE:GM) rating. J.P. Morgan has “Buy” rating and $5800 target. On Tuesday, January 16 the company was maintained by CFRA. On Tuesday, January 16 the stock of General Motors Company (NYSE:GM) earned “Buy” rating by RBC Capital Markets. In Friday, June 1 report JP Morgan maintained the stock with “Overweight” rating. On Monday, January 22 the firm has “Buy” rating given by RBC Capital Markets. On Wednesday, February 7 the rating was maintained by Bank of America with “Buy”. On Thursday, May 31 Evercore upgraded General Motors Company (NYSE:GM) to “Outperform” rating. On Tuesday, June 5 the stock of General Motors Company (NYSE:GM) earned “Overweight” rating by Morgan Stanley. On Monday, February 12 Citigroup maintained the shares of GM in report with “Buy” rating.

For more General Motors Company (NYSE:GM) news brought out recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Fool.com. The titles are as follows: “GM +10% as dreamy AV talk turns commercial” brought out on May 31, 2018, “General Motors: Double Potential” on June 17, 2018, “Auto tariff would mean $45B in higher costs for US consumers, group says” with a publish date: June 26, 2018, “GM’s master plan with Cruise” and the last “Is General Motors Planning to Spin Off Its Self-Driving Unit?” with publication date: June 21, 2018.

General Motors Company (NYSE:GM) Institutional Investors Chart

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