ARP Americas LP Sells 53,300 Shares of General Motors (GM)

ARP Americas LP decreased its position in General Motors (NYSE:GM) (TSE:GMM.U) by 73.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,116 shares of the auto manufacturer’s stock after selling 53,300 shares during the quarter. ARP Americas LP’s holdings in General Motors were worth $644,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GM. Botty Investors LLC boosted its position in General Motors by 19.4% during the third quarter. Botty Investors LLC now owns 27,606 shares of the auto manufacturer’s stock worth $929,000 after purchasing an additional 4,480 shares during the period. Retirement Systems of Alabama boosted its position in General Motors by 0.9% during the third quarter. Retirement Systems of Alabama now owns 1,151,591 shares of the auto manufacturer’s stock worth $38,774,000 after purchasing an additional 10,050 shares during the period. First Midwest Bank Trust Division boosted its position in General Motors by 46.1% during the third quarter. First Midwest Bank Trust Division now owns 14,068 shares of the auto manufacturer’s stock worth $474,000 after purchasing an additional 4,440 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in General Motors by 1.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 1,501,103 shares of the auto manufacturer’s stock worth $50,543,000 after purchasing an additional 18,316 shares during the period. Finally, American Assets Investment Management LLC boosted its position in General Motors by 13.0% during the third quarter. American Assets Investment Management LLC now owns 173,300 shares of the auto manufacturer’s stock worth $5,835,000 after purchasing an additional 20,000 shares during the period. 75.28% of the stock is owned by institutional investors and hedge funds.

GM opened at $32.65 on Friday. General Motors has a 1-year low of $30.56 and a 1-year high of $45.52. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.88 and a quick ratio of 0.74. The company has a market capitalization of $44.22 billion, a PE ratio of 4.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.55.



A number of brokerages have issued reports on GM. Royal Bank of Canada upped their target price on General Motors from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. Guggenheim reaffirmed a “buy” rating and set a $52.00 target price on shares of General Motors in a research report on Friday, July 20th. Citigroup decreased their target price on General Motors to $60.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Buckingham Research decreased their target price on General Motors from $39.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday, July 26th. Finally, JPMorgan Chase & Co. decreased their target price on General Motors from $58.00 to $54.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.64.

About General Motors

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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