MANA Advisors LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,775 shares of the auto manufacturer’s stock, valued at approximately $1,548,000. General Motors accounts for approximately 0.7% of MANA Advisors LLC’s holdings, making the stock its 23rd biggest holding.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Anchor Bolt Capital LP increased its position in shares of General Motors by 20.4% during the fourth quarter. Anchor Bolt Capital LP now owns 2,264,525 shares of the auto manufacturer’s stock worth $92,823,000 after buying an additional 384,266 shares during the period. Nippon Life Global Investors Americas Inc. acquired a new stake in shares of General Motors during the fourth quarter worth $5,294,000. Renaissance Technologies LLC increased its position in shares of General Motors by 171.3% during the fourth quarter. Renaissance Technologies LLC now owns 5,310,000 shares of the auto manufacturer’s stock worth $217,657,000 after buying an additional 3,352,900 shares during the period. Partners Capital Investment Group LLP acquired a new stake in shares of General Motors during the fourth quarter worth $1,420,000. Finally, Moors & Cabot Inc. increased its position in shares of General Motors by 6.5% during the fourth quarter. Moors & Cabot Inc. now owns 54,992 shares of the auto manufacturer’s stock worth $2,247,000 after buying an additional 3,374 shares during the period. Institutional investors own 73.61% of the company’s stock.
Several research analysts recently issued reports on GM shares. Vetr lowered shares of General Motors from a “hold” rating to a “sell” rating and set a $40.10 target price on the stock. in a research note on Tuesday, December 26th. Zacks Investment Research lowered shares of General Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Barclays reissued a “buy” rating and set a $61.00 target price on shares of General Motors in a research note on Tuesday, January 9th. Deutsche Bank reissued a “buy” rating on shares of General Motors in a research note on Friday, November 17th. Finally, Bank of America reaffirmed a “buy” rating and issued a $57.00 price objective on shares of General Motors in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. General Motors presently has a consensus rating of “Buy” and a consensus price target of $44.79.
General Motors (NYSE:GM) traded down $0.32 during midday trading on Wednesday, reaching $37.69. 13,363,793 shares of the company were exchanged, compared to its average volume of 14,490,000. General Motors has a 1-year low of $31.92 and a 1-year high of $46.76. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.89 and a quick ratio of 0.76. The stock has a market capitalization of $52,790.00, a P/E ratio of 7.32, a PEG ratio of 0.72 and a beta of 1.60.
General Motors (NYSE:GM) (TSE:GMM.U) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $1.65 EPS for the quarter, beating the consensus estimate of $1.34 by $0.31. General Motors had a negative net margin of 2.58% and a positive return on equity of 22.86%. The company had revenue of $34.48 billion during the quarter, compared to analysts’ expectations of $34.28 billion. During the same quarter in the previous year, the company earned $1.28 earnings per share. General Motors’s revenue for the quarter was down 7.7% on a year-over-year basis. research analysts predict that General Motors will post 6.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.52 annualized dividend and a yield of 4.03%. General Motors’s payout ratio is presently 29.51%.
In other news, insider Mark L. Reuss sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $43.09, for a total value of $1,292,700.00. Following the completion of the sale, the insider now directly owns 103,052 shares in the company, valued at approximately $4,440,510.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Barry L. Engle II sold 50,443 shares of General Motors stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $45.00, for a total transaction of $2,269,935.00. Following the completion of the transaction, the insider now directly owns 57,091 shares in the company, valued at $2,569,095. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,289,848 shares of company stock valued at $1,600,694,061. 0.04% of the stock is currently owned by company insiders.
General Motors Company Profile
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. 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). 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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