General Motors (NYSE:GM) Shares Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its holdings in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 617,942 shares of the auto manufacturer's stock after buying an additional 40,142 shares during the period. General Motors makes up about 0.9% of Aquatic Capital Management LLC's holdings, making the stock its 12th biggest position. Aquatic Capital Management LLC owned approximately 0.06% of General Motors worth $32,918,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Virtu Financial LLC increased its position in General Motors by 770.3% in the 3rd quarter. Virtu Financial LLC now owns 99,054 shares of the auto manufacturer's stock worth $4,442,000 after purchasing an additional 87,672 shares during the last quarter. Te Ahumairangi Investment Management Ltd increased its position in General Motors by 6.6% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 100,708 shares of the auto manufacturer's stock worth $4,490,000 after purchasing an additional 6,200 shares during the last quarter. World Investment Advisors LLC acquired a new position in General Motors in the 3rd quarter worth about $237,000. Wilmington Savings Fund Society FSB acquired a new position in General Motors in the 3rd quarter worth about $1,907,000. Finally, Tidal Investments LLC increased its position in General Motors by 44.7% in the 3rd quarter. Tidal Investments LLC now owns 65,389 shares of the auto manufacturer's stock worth $2,932,000 after purchasing an additional 20,206 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.

General Motors Price Performance

GM stock traded up $0.07 during mid-day trading on Monday, reaching $47.18. 15,243,758 shares of the company traded hands, compared to its average volume of 13,349,049. General Motors has a 52-week low of $38.96 and a 52-week high of $61.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.13 and a quick ratio of 0.98. The company has a market capitalization of $46.94 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.67 and a beta of 1.27. The company has a fifty day moving average price of $46.86 and a 200-day moving average price of $50.33.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a return on equity of 15.29% and a net margin of 3.21%. As a group, analysts anticipate that General Motors will post 11.44 earnings per share for the current year.

General Motors announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the auto manufacturer to buy up to 12.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GM. Cowen initiated coverage on General Motors in a research report on Thursday, March 6th. They issued a "buy" rating on the stock. Mizuho dropped their price target on shares of General Motors from $63.00 to $55.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. UBS Group reissued a "neutral" rating and issued a $51.00 price target (down previously from $64.00) on shares of General Motors in a research report on Thursday, April 10th. TD Cowen began coverage on shares of General Motors in a research report on Friday, March 7th. They issued a "buy" rating and a $105.00 price target on the stock. Finally, Piper Sandler lifted their price target on shares of General Motors from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, General Motors currently has a consensus rating of "Hold" and a consensus target price of $54.83.

Insiders Place Their Bets

In related news, Director Alfred F. Kelly, Jr. purchased 12,000 shares of General Motors stock in a transaction on Thursday, January 30th. The shares were bought at an average cost of $50.66 per share, for a total transaction of $607,920.00. Following the acquisition, the director now owns 13,714 shares in the company, valued at approximately $694,751.24. The trade was a 700.12 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company's stock.

About General Motors

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.