Quinn Opportunity Partners LLC Maintains Position in General Motors Co (GM)

Cornelia Mascio
Dicembre 10, 2017

The institutional investor held 680,704 shares of the auto manufacturing company at the end of 2017Q2, valued at $23.78M, up from 415,704 at the end of the previous reported quarter. Van Hulzen Asset Management LLC's holdings in General Motors were worth $5,723,000 as of its most recent filing with the Securities and Exchange Commission. The firm's revenue was down 16.6% compared to the same quarter last year. equities analysts predict that General Motors will post 6.24 earnings per share for the current year. San Francisco Sentry Investment Group Inc (Ca), California-based fund reported 223 shares.

Shares of General Motors (GM) opened at $42.02 on Friday. State of Alaska Department of Revenue now owns 3,249 shares of the auto manufacturer's stock worth $113,000 after acquiring an additional 310 shares during the last quarter.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Tuesday, October 24th. ClariVest Asset Management LLC acquired a new stake in shares of Standard Motor Products in the 2nd quarter valued at about $256,000. Fieldpoint Private Securities LLC acquired a new position in General Motors during the third quarter worth about $119,000. Gargoyle Investment Advisor L.L.C. now owns 179,819 shares of the auto manufacturer's stock valued at $2,094,000 after buying an additional 39,075 shares in the last quarter. Commonwealth Bank of Australia now owns 739,220 shares of the auto manufacturer's stock worth $25,819,000 after acquiring an additional 82,201 shares during the period. Institutional investors and hedge funds own 79.17% of the company's stock. Several equities analysts have commented on the stock. Morgan Stanley reissued a hold rating and set a $43.00 price objective on shares of General Motors in a report on Tuesday, November 28th.

Barclays reaffirmed their overweight rating on shares of General Motors (NYSE:GM) (TSE:GMM.U) in a research note published on Friday, December 1st, The Fly reports. Standpoint Research cut shares of General Motors from a "buy" rating to a "hold" rating in a research report on Thursday, September 14th. Deutsche Bank maintained the shares of GM in report on Wednesday, October 14 with "Hold" rating. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The firm earned "Buy" rating on Tuesday, November 8 by Citigroup. The shares were sold at an average price of $38.00, for a total transaction of $1,900,000.00.

Want to see what other hedge funds are holding SMP? The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $12.63, for a total value of $635,402.67. Management Limited Liability has invested 1.48% of its portfolio in General Motors Company (NYSE:GM). The disclosure for this purchase can be found here.

In other news, insider Ziad S. Ojakli sold 50,309 shares of the stock in a transaction on Thursday, March 16th. Caxton Limited Partnership invested 0.02% in General Motors Company (NYSE:GM). Approximately 3.2% of the company's shares are sold short. The company has a market capitalization of $59,685.55, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.73 and a beta of 1.54. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.27. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.79 and a current ratio of 0.94. Addison Capital Commerce reported 2.46% in General Motors Company (NYSE:GM). The auto manufacturer reported $0.43 EPS for the quarter, beating the Zacks' consensus estimate of $0.33 by $0.10. General Motors had a return on equity of 20.95% and a net margin of 2.00%. The firm had revenue of $30.48 billion during the quarter, compared to the consensus estimate of $29.93 billion. Finally, Suntrust Banks Inc. raised its stake in shares of Standard Motor Products by 1.1% in the 2nd quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Public Employees Retirement System of OH raised its stake in shares of Ford Motor by 0.4% in the 3rd quarter. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.62%. General Motors's dividend payout ratio is now 77.95%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was illegally copied and republished in violation of US and worldwide trademark & copyright legislation. Zacks Investment Research lowered shares of Standard Motor Products from a "hold" rating to a "strong sell" rating in a research note on Monday, October 30th. The Company's segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial).

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

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