Economy

General Motors Company (GM) Reaches New 52-Week High

General Motors Company (GM) Reaches New 52-Week High”

The institutional investor owned 423,874 shares of the auto manufacturer's stock after selling 1,067,793 shares during the quarter. The value of the investment in (GM) went from $881,000 to $853,000,000 a change of 96,721.8% since the last quarter.

Other large investors have also made changes to their positions in the company. It closed at $19.03 lastly. Atwood Oceanics, Inc. (ATW) has declined 21.05% since September 15, 2016 and is downtrending. It has outperformed by 2.93% the S&P500. The stock witnessed -4.82% declines, -6.49% declines and -14.42% declines for the 1-month, 3-month and 6-month period, respectively. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer's stock valued at $110,000 after purchasing an additional 150 shares during the last quarter. The stock now has a Market Cap of $56.39B. The stock rose 0.44% or $0.17 reaching $38.96. The firm owned 500,534 shares of the auto manufacturer's stock after buying an additional 40,852 shares during the period. General Motors Company (NYSE:GM) has risen 7.92% since September 15, 2016 and is uptrending. It has underperformed by 33.33% the S&P500.

CIBC World Markets Inc. trimmed its holdings in General Motors Company (NYSE:GM) (TSE:GMM.U) by 71.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). Analysts‟ target price forecasts are a prediction of a stock‟s future price, generally over the 12 months following the release date (Asquith et al., 2005). Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 39% are positive. The company was initiated on Tuesday, November 22 by Berenberg. Finally, Piper Jaffray Companies restated a "buy" rating and set a $14.00 target price on shares of Ford Motor in a research report on Friday, July 28th. BidaskClub lowered shares of Ford Motor from a "sell" rating to a "strong sell" rating in a research note on Thursday, August 10th. The company maintains price to book ratio of 0.00 vs.an industry average at 0.59. RBC Capital Markets has "Sector Perform" rating and $38 target. The rating was maintained by Citigroup on Wednesday, September 2 with "Buy". The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The rating was initiated by Seaport Global on Tuesday, August 9 with "Buy".

These funds have shifted positions in (GM).

Ford Motor Company (NYSE:F) has a beta of 1.13, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Private Trust Communications Na stated it has 0.17% of its portfolio in General Motors Company (NYSE:GM). Arrow Financial Corporation has 1,750 shares. The overall volume in the last trading session was 3.68 million shares. Ubs Oconnor has invested 0% in General Motors Company (NYSE:GM). Creative Planning has 90,764 shares for 0.02% of their portfolio. Novare Mgmt Limited Com has 5,880 shares. Its down 0.06, from 1.14 in 2016Q3. 3,628,328 shares of the stock were exchanged. Perella Weinberg Partners LP reported 32,724 shares or 0.29% of all its holdings. Keybank National Association Oh reported 309,374 shares. Finally, CLSA assumed coverage on shares of General Motors in a report on Wednesday, June 21st.

GM has been the subject of a number of research analyst reports. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. GM's profit will be $1.57 billion for 9.02 P/E if the $1.08 EPS becomes a reality. Balentine LLC boosted its position in Ford Motor by 2.6% during the first quarter.

As of quarter end Exane Derivatives had sold 8,649 shares trimming its position 63.9%.

Additionally General Motors Company announced a dividend for shareholders paid on Friday the 23rd of June 2017.

Since March 16, 2017, it had 1 insider purchase, and 2 sales for $1.17 million activity. It is negative, as 73 investors sold GM shares while 302 reduced holdings.

Breithorn Cap Management holds 219,950 shares or 5.34% of its portfolio. Credit Agricole S A, a France-based fund reported 120,394 shares. Quantitative Investment Mngmt Ltd Liability Co has invested 0.14% in Gentex Corporation (NASDAQ:GNTX). Commonwealth Equity Inc holds 0.08% or 321,707 shares in its portfolio. Disciplined Growth Mn invested 1.97% of its portfolio in Gentex Corporation (NASDAQ:GNTX).

Shares of General Motors Company (NYSE GM) traded up 0.245% during midday trading on Friday, hitting $38.885.

Ford Motor Company (NYSE:F) in the last month has increased +7.04%.



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