General Motors Co (NYSE:GM): Institutional Investors Are Worried

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Sentiment for General Motors Co (NYSE:GM)

General Motors Co (NYSE:GM) institutional sentiment decreased to 0.95 in 2019 Q2. Its down -0.08, from 1.03 in 2019Q1. The ratio has worsened, as 304 active investment managers increased or started new equity positions, while 319 decreased and sold their stakes in General Motors Co. The active investment managers in our partner’s database reported: 1.04 billion shares, down from 1.16 billion shares in 2019Q1. Also, the number of active investment managers holding General Motors Co in their top 10 equity positions was flat from 25 to 25 for the same number . Sold All: 50 Reduced: 269 Increased: 229 New Position: 75.

General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company has market cap of $55.48 billion. The firm operates through GM North America, GM Europe, GM International Operations, GM South America, and GM Financial divisions. It has a 6.19 P/E ratio. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang, and Wuling brand names.

The stock decreased 0.54% or $0.21 during the last trading session, reaching $38.86. About 8.67M shares traded or 18.61% up from the average. General Motors Company (NYSE:GM) has risen 7.09% since September 13, 2018 and is uptrending. It has outperformed by 7.09% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 30. They expect $1.89 earnings per share, up 1.07 % or $0.02 from last year’s $1.87 per share. GM’s profit will be $2.70B for 5.14 P/E if the $1.89 EPS becomes a reality. After $1.64 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts 15.24 % EPS growth.

Greenlight Capital Inc holds 16.66% of its portfolio in General Motors Company for 5.86 million shares. Oldfield Partners Llp owns 1.93 million shares or 7.11% of their US portfolio. Moreover, Acr Alpine Capital Research Llc has 5.89% invested in the company for 2.89 million shares. The California-based Wilsey Asset Management Inc has invested 5.12% in the stock. Asset Management Advisors Llc, a Oklahoma-based fund reported 142,170 shares.

General Motors Company (NYSE:GM) Ratings Coverage

Ratings analysis reveals 100% of General Motors’s analysts are positive. Out of 3 Wall Street analysts rating General Motors, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $44 while the high is $6800. The stock’s average target of $53.33 is 37.24% above today’s ($38.86) share price. GM was included in 6 notes of analysts from March 19, 2019. The rating was maintained by Morgan Stanley on Tuesday, March 26 with “Buy”. As per Friday, August 2, the company rating was maintained by Citigroup.

More notable recent General Motors Company (NYSE:GM) news were published by: Finance.Yahoo.com which released: “Telenav Says GM Contact Unaffected By Deal Between Automaker, Google – Yahoo Finance” on September 06, 2019, also Seekingalpha.com with their article: “GM’s Barra heads to the White House – Seeking Alpha” published on September 05, 2019, Finance.Yahoo.com published: “VIDEO: Costco Stock Looks Enticing – Yahoo Finance” on September 04, 2019. More interesting news about General Motors Company (NYSE:GM) were released by: Prnewswire.com and their article: “Dealer Inspire Selected by General Motors to Provide Leading-Edge Website Services to its 4000+ US Dealerships – PRNewswire” published on September 13, 2019 as well as 247Wallst.com‘s news article titled: “Ford Reveals Big European Electric Vehicle Plans – 24/7 Wall St.” with publication date: September 10, 2019.

General Motors Company (NYSE:GM) Institutional Positions Chart

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