General Motors Posts $3 Billion Third Quarter Loss, Beats Expectations

General Motors Posts $3 Billion Third Quarter Loss, Beats Expectations”

Since May 5, 2017, it had 0 insider purchases, and 2 selling transactions for $834,543 activity. Fishman Jay A Ltd Mi has 0% invested in General Motors Company (NYSE:GM). Davenport And Lc reported 0% of its portfolio in Ford Motor Company (NYSE:F). The institutional investor held 177,204 shares of the auto manufacturing company at the end of 2017Q2, valued at $6.19 million, up from 162,204 at the end of the previous reported quarter. Assenagon Asset Management S.A. acquired a new position in General Motors in the 3rd quarter valued at about $202,352,000.

The latest results sent GM shares up 2.3 percent to the highest levels since its initial public offering in 2010, amid a broad rally by US manufacturing stocks. Finally, Reilly Financial Advisors LLC boosted its stake in shares of Ford Motor by 2.1% in the third quarter. About 28.36 million shares traded. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Craig B. Glidden sold 192,954 shares of the business's stock in a transaction that occurred on Monday, October 2nd. The 50 day moving average was up by +8.71% whereas the 200 day moving average was up $8.77 or +24.09%. Following the completion of the purchase, the director now owns 4,560 shares of the company's stock, valued at $158,961.60. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company's stock.

A number of research firms have issued reports on GM. Buckingham Research reissued a "hold" rating on shares of General Motors in a research note on Thursday, August 24th. It turned negative, as 37 investors sold CA shares while 167 reduced holdings. Piper Jaffray Companies reissued a "buy" rating and set a $14.00 price objective on shares of Ford Motor in a research report on Friday, July 28th. As per Wednesday, October 26, the company rating was downgraded by Bank of America.

On September 25 the company was upgraded from "Hold" to "Buy" in a report issued by Deutsche Bank. Peel Hunt maintained the shares of PPC in report on Monday, June 12 with "Buy" rating. 90,348 are held by Connor Clark Lunn Inv Ltd. Ubs Asset Mngmt Americas Incorporated has 0% invested in General Motors Company (NYSE:GM) for 5.64M shares. If you are reading this piece on another site, it was stolen and republished in violation of United States & worldwide trademark & copyright legislation. 11,181,931 shares of the company traded hands. General Motors has a 52-week low of $30.21 and a 52-week high of $46.76. The firm has a 50-day moving average price of $41.53 and a 200-day moving average price of $36.38. The company has a market capitalization of $48.60 billion, a P/E ratio of 6.76 and a beta of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 27th.

GM reported a net loss due to charges related to the sale of its European operations, but the automaker's operating results beat Wall Street expectations and the company reaffirmed a forecast that 2017 financial results would be in line with last year's record performance. Analysts had expected revenue of $32.72 billion. During the same period in the prior year, the business earned $1.72 earnings per share. The business's quarterly revenue was down 16.6% compared to the same quarter a year ago. The ex-dividend date was Thursday the 7th of September 2017. The dividend was $0.380 per share for the quarter which comes to $1.52 on an annualized basis. Harris Associates Lp has 3.91% invested in General Motors Company (NYSE:GM).

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts.

International, GM South America and GM Financial all saw gains in EBIT results versus the same period in 2016. The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.

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