Lmcg Investments LLC Trims Stock Position in General Motors (NYSE:GM)

Lmcg Investments LLC lowered its stake in shares of General Motors (NYSE:GM - Free Report) TSE: GMM.U by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,133 shares of the auto manufacturer's stock after selling 53,688 shares during the period. Lmcg Investments LLC's holdings in General Motors were worth $7,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GM. Geode Capital Management LLC lifted its position in General Motors by 0.5% during the third quarter. Geode Capital Management LLC now owns 23,620,533 shares of the auto manufacturer's stock valued at $1,055,395,000 after acquiring an additional 106,878 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of General Motors by 6.1% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 17,278,448 shares of the auto manufacturer's stock valued at $774,766,000 after purchasing an additional 989,750 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of General Motors by 3.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 11,113,063 shares of the auto manufacturer's stock worth $498,310,000 after purchasing an additional 421,989 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in General Motors by 6.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 5,798,131 shares of the auto manufacturer's stock worth $259,988,000 after buying an additional 358,507 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in General Motors by 123.1% in the third quarter. Jennison Associates LLC now owns 3,226,027 shares of the auto manufacturer's stock valued at $144,655,000 after buying an additional 1,779,897 shares during the last quarter. Institutional investors own 92.67% of the company's stock.

General Motors Price Performance

NYSE GM traded up $3.00 during trading hours on Tuesday, reaching $53.97. The company's stock had a trading volume of 12,957,761 shares, compared to its average volume of 8,722,135. The firm has a market capitalization of $59.34 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 0.37 and a beta of 1.42. The company's 50-day moving average is $53.46 and its two-hundred day moving average is $49.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. General Motors has a 1-year low of $34.56 and a 1-year high of $61.24.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last announced its earnings results on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The business had revenue of $48.76 billion during the quarter, compared to the consensus estimate of $44.67 billion. During the same period in the prior year, the company posted $2.28 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, equities analysts predict that General Motors will post 10.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GM shares. Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a "hold" rating to a "buy" rating and upped their price objective for the company from $56.00 to $60.00 in a report on Tuesday. UBS Group upped their price target on shares of General Motors from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Barclays lifted their price objective on shares of General Motors from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. DZ Bank downgraded General Motors from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a research report on Friday, October 11th. Finally, The Goldman Sachs Group lifted their price target on General Motors from $53.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $60.05.

Insider Buying and Selling

In other General Motors news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the sale, the chief executive officer now owns 694,548 shares in the company, valued at approximately $37,040,244.84. This represents a 42.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig B. Glidden sold 383,142 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $56.63, for a total transaction of $21,697,331.46. Following the completion of the transaction, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This trade represents a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,030,475 shares of company stock valued at $56,509,286. 0.72% of the stock is owned by corporate insiders.

General Motors Company Profile

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.