Caxton Associates LP Takes Position in General Motors (NYSE:GM)

Caxton Associates LP acquired a new stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,500 shares of the auto manufacturer’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GM. OLD Mission Capital LLC bought a new position in General Motors during the third quarter valued at $205,000. Los Angeles Capital Management LLC grew its holdings in General Motors by 113.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 60,680 shares of the auto manufacturer’s stock valued at $2,527,000 after purchasing an additional 32,260 shares during the period. Brown Advisory Inc. grew its holdings in General Motors by 5.0% during the fourth quarter. Brown Advisory Inc. now owns 26,628 shares of the auto manufacturer’s stock valued at $1,109,000 after purchasing an additional 1,271 shares during the period. First Foundation Advisors grew its holdings in General Motors by 7.8% during the fourth quarter. First Foundation Advisors now owns 7,805 shares of the auto manufacturer’s stock valued at $325,000 after purchasing an additional 565 shares during the period. Finally, Principle Wealth Partners LLC purchased a new stake in shares of General Motors during the fourth quarter worth $387,000. 80.93% of the stock is owned by institutional investors and hedge funds.

GM opened at $57.05 on Thursday. The company has a market capitalization of $82.76 billion, a PE ratio of 9.23, a PEG ratio of 0.86 and a beta of 1.32. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.40. General Motors has a 52 week low of $24.44 and a 52 week high of $64.30. The company has a fifty day moving average price of $58.76.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Wednesday, May 5th. The auto manufacturer reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $1.28. General Motors had a return on equity of 19.59% and a net margin of 7.49%. The firm had revenue of $32.47 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the firm earned $0.62 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts predict that General Motors will post 6.62 EPS for the current year.

GM has been the topic of several recent research reports. Zacks Investment Research downgraded General Motors from a “hold” rating to a “strong sell” rating and set a $51.00 target price on the stock. in a research report on Tuesday, April 13th. Bank of America increased their target price on General Motors from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 16th. Wells Fargo & Company initiated coverage on General Motors in a research report on Monday, April 5th. They set an “overweight” rating and a $67.00 target price on the stock. Tudor Pickering initiated coverage on General Motors in a research report on Tuesday, May 18th. They set a “buy” rating and a $76.00 target price on the stock. Finally, Evercore ISI increased their target price on General Motors from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.64.

In other news, EVP Randall D. Mott sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, June 9th. The stock was sold at an average price of $64.01, for a total transaction of $384,060.00. Following the transaction, the executive vice president now directly owns 122,113 shares of the company’s stock, valued at $7,816,453.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matthew Tsien sold 192,986 shares of the firm’s stock in a transaction dated Friday, June 11th. The shares were sold at an average price of $62.83, for a total value of $12,125,310.38. Following the transaction, the executive vice president now directly owns 237,520 shares in the company, valued at $14,923,381.60. The disclosure for this sale can be found here. Insiders have sold 215,975 shares of company stock worth $13,595,817 over the last ninety days. Insiders own 0.40% of the company’s stock.

General Motors Profile

General Motors Co engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial.

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

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