As General Mtrs Co (GM) Share Price Declined, Harris Associates LP Has Decreased Stake

November 14, 2017 - By Nellie Frank

Investors sentiment decreased to 1.02 in 2017 Q2. Its down 0.06, from 1.08 in 2017Q1. It dived, as 75 investors sold GM shares while 286 reduced holdings. 71 funds opened positions while 297 raised stakes. 1.03 billion shares or 4.93% less from 1.08 billion shares in 2017Q1 were reported. Stifel Corporation has invested 0.12% in General Motors Company (NYSE:GM). City Holdings Co owns 1,230 shares or 0.02% of their US portfolio. Old Mutual Global (Uk) owns 0.01% invested in General Motors Company (NYSE:GM) for 26,871 shares. Wilsey Asset Inc reported 263,241 shares. West Family Investments Inc has invested 0.53% in General Motors Company (NYSE:GM). Meeder Asset reported 0.59% stake. Park Circle reported 51,100 shares. Staley Advisers holds 3.53% of its portfolio in General Motors Company (NYSE:GM) for 1.19 million shares. 3.03 million were reported by Mitsubishi Ufj Tru And Banking. Braun Stacey Assoc Incorporated has 5,800 shares. The Massachusetts-based East Coast Asset Mgmt Limited Liability has invested 0.06% in General Motors Company (NYSE:GM). Baker Ellis Asset Ltd Liability Company holds 12,953 shares. 441,700 were reported by Denali Advisors Lc. Moreover, Mcf Advisors Limited has 0% invested in General Motors Company (NYSE:GM). New Jersey Better Educational Savings, New Jersey-based fund reported 20,000 shares.

Harris Associates LP decreased its stake in General Mtrs Co (GM) by 2.33% based on its latest 2017Q2 regulatory filing with the SEC. Harris Associates LP sold 1.49 million shares as the company’s stock declined 12.09% while stock markets rallied. The hedge fund held 62.23 million shares of the auto manufacturing company at the end of 2017Q2, valued at $2.17B, down from 63.72 million at the end of the previous reported quarter. Harris Associates LP who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $61.08B market cap company. The stock declined 0.14% or $0.06 reaching $42.94 per share. About 9.37 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since November 14, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Harris Associates L P, which manages about $55.59B US Long portfolio, upped its stake in Arconic Inc by 8.08M shares to 13.44 million shares, valued at $304.40M in 2017Q2, according to the filing. It also increased its holding in Baidu Inc (NASDAQ:BIDU) by 2.07M shares in the quarter, for a total of 9.02M shares, and has risen its stake in Liberty Broadband Corp.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 6. They expect $1.31 EPS, up 2.34 % or $0.03 from last year’s $1.28 per share. GM’s profit will be $1.86 billion for 8.19 P/E if the $1.31 EPS becomes a reality. After $1.32 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -0.76 % negative EPS growth.

More notable recent General Motors Company (NYSE:GM) news were published by: Bloomberg.com which released: “GM Surges After Strong Earnings Report” on October 24, 2017, also Investorplace.com with their article: “General Motors Company Stock Owners to Get Insight on Self-Driving Future” published on November 14, 2017, Seekingalpha.com published: “General Motors Is Still A Good Investment” on November 07, 2017. More interesting news about General Motors Company (NYSE:GM) were released by: Investorplace.com and their article: “Buy the General Motors Company Dip With Both Hands” published on November 01, 2017 as well as Seekingalpha.com‘s news article titled: “General Motors: Buy And Hold” with publication date: November 13, 2017.

General Motors Company (NYSE:GM) Ratings Coverage

Among 28 analysts covering General Motors Company (NYSE:GM), 13 have Buy rating, 3 Sell and 12 Hold. Therefore 46% are positive. General Motors Company had 78 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Sector Perform” rating and $39 target in Thursday, October 22 report. The firm has “Buy” rating given on Monday, October 16 by Piper Jaffray. UBS maintained General Motors Company (NYSE:GM) on Friday, July 24 with “Buy” rating. The company was maintained on Wednesday, October 25 by Craig Hallum. Macquarie Research initiated the shares of GM in report on Thursday, December 1 with “Outperform” rating. RBC Capital Markets maintained the shares of GM in report on Wednesday, October 25 with “Hold” rating. On Monday, September 21 the stock rating was maintained by Barclays Capital with “Hold”. The stock of General Motors Company (NYSE:GM) has “Hold” rating given on Tuesday, June 13 by Wolfe Research. The stock of General Motors Company (NYSE:GM) earned “Hold” rating by RBC Capital Markets on Sunday, October 1. The company was initiated on Tuesday, September 20 by Nomura.

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