General Motors Co (GM) Shareholder Oldfield Partners Llp Has Trimmed Its Stake by $79.90 Million

April 17, 2018 - By reb123z

General Motors Company (NYSE:GM) LogoInvestors sentiment increased to 0.9 in Q4 2017. Its up 0.03, from 0.87 in 2017Q3. It increased, as 64 investors sold GM shares while 322 reduced holdings. 122 funds opened positions while 225 raised stakes. 999.45 million shares or 1.00% less from 1.01 billion shares in 2017Q3 were reported. Salem Investment Counselors holds 0% in General Motors Company (NYSE:GM) or 100 shares. Oldfield Partners Ltd Liability Partnership holds 10.55% in General Motors Company (NYSE:GM) or 3.40M shares. Wellington Management Llp holds 0.1% or 11.51M shares. Sumitomo Life Insur Co has invested 0.38% of its portfolio in General Motors Company (NYSE:GM). Andra Ap stated it has 76,700 shares or 0.07% of all its holdings. Cypress Mngmt Ltd Liability Co (Wy) accumulated 1 shares. E&G Ltd Partnership owns 37,443 shares for 0.65% of their portfolio. Alpha Windward Lc, a Massachusetts-based fund reported 5,346 shares. New York-based Spark Ltd has invested 0.31% in General Motors Company (NYSE:GM). Quantitative Systematic Strategies Lc, a Connecticut-based fund reported 53,559 shares. Moreover, Perella Weinberg Prtnrs Capital Limited Partnership has 0.72% invested in General Motors Company (NYSE:GM). Gfs Advsrs Limited Liability Company holds 0.14% in General Motors Company (NYSE:GM) or 15,290 shares. Bluefin Trading Ltd Llc reported 66,200 shares. Cap Advsrs Limited Llc reported 0% of its portfolio in General Motors Company (NYSE:GM). Sumitomo Mitsui Hldgs reported 0.22% stake.

Oldfield Partners Llp decreased its stake in General Motors Co (GM) by 37.04% based on its latest 2017Q4 regulatory filing with the SEC. Oldfield Partners Llp sold 2.00 million shares as the company’s stock declined 17.02% with the market. The institutional investor held 3.40 million shares of the auto manufacturing company at the end of 2017Q4, valued at $139.17M, down from 5.39M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in General Motors Co for a number of months, seems to be less bullish one the $55.03B market cap company. The stock increased 0.31% or $0.12 during the last trading session, reaching $39.29. About 1.73 million shares traded. General Motors Company (NYSE:GM) has risen 0.46% since April 17, 2017 and is uptrending. It has underperformed by 11.09% the S&P500.

Oldfield Partners Llp, which manages about $6.57 billion and $1.32 billion US Long portfolio, upped its stake in Embraer Sa (NYSE:ERJ) by 392,200 shares to 3.68 million shares, valued at $88.05M in 2017Q4, according to the filing. It also increased its holding in Infosys Ltd (NYSE:INFY) by 289,800 shares in the quarter, for a total of 3.40 million shares, and has risen its stake in Ternium Sa (NYSE:TX).

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 27. They expect $1.31 earnings per share, down 22.94 % or $0.39 from last year’s $1.7 per share. GM’s profit will be $1.83B for 7.50 P/E if the $1.31 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -20.61 % negative EPS growth.

General Motors Company (NYSE:GM) Ratings Coverage

Among 15 analysts covering General Motors (NYSE:GM), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. General Motors has $70.0 highest and $40 lowest target. $51.15’s average target is 30.19% above currents $39.29 stock price. General Motors had 25 analyst reports since October 24, 2017 according to SRatingsIntel. The stock of General Motors Company (NYSE:GM) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, February 14. Deutsche Bank maintained it with “Buy” rating and $52 target in Wednesday, October 25 report. On Tuesday, December 19 the stock rating was upgraded by RBC Capital Markets to “Outperform”. On Tuesday, January 16 the stock rating was maintained by CFRA with “Buy”. On Monday, October 30 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of General Motors Company (NYSE:GM) has “Overweight” rating given on Monday, April 9 by Morgan Stanley. As per Tuesday, January 16, the company rating was maintained by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, March 13 by JP Morgan. Craig Hallum maintained the stock with “Hold” rating in Wednesday, October 25 report. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Monday, January 22. RBC Capital Markets has “Buy” rating and $52.0 target.

General Motors Company (NYSE:GM) Institutional Positions Chart

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