Hudson Capital Management LLC Sells 939 Shares of General Motors (NYSE:GM)

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Hudson Capital Management LLC reduced its stake in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 1.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,804 shares of the auto manufacturer’s stock after selling 939 shares during the period. General Motors accounts for 1.1% of Hudson Capital Management LLC’s portfolio, making the stock its 28th biggest holding. Hudson Capital Management LLC’s holdings in General Motors were worth $2,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of GM. Wilsey Asset Management Inc. lifted its stake in General Motors by 3.5% during the 3rd quarter. Wilsey Asset Management Inc. now owns 418,688 shares of the auto manufacturer’s stock valued at $12,389,000 after acquiring an additional 14,100 shares during the period. IFM Investors Pty Ltd lifted its stake in General Motors by 11.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 105,514 shares of the auto manufacturer’s stock valued at $3,122,000 after acquiring an additional 11,140 shares during the period. Mission Wealth Management LP acquired a new stake in General Motors during the 3rd quarter valued at approximately $246,000. Roman Butler Fullerton & Co. lifted its stake in General Motors by 4.8% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 10,916 shares of the auto manufacturer’s stock valued at $323,000 after acquiring an additional 500 shares during the period. Finally, Polaris Wealth Advisory Group LLC acquired a new stake in General Motors during the 3rd quarter valued at approximately $5,132,000. 77.17% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on GM shares. Royal Bank of Canada lifted their price objective on shares of General Motors from $39.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, September 10th. Barclays boosted their target price on shares of General Motors from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Citigroup boosted their target price on shares of General Motors from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Goldman Sachs Group boosted their target price on shares of General Motors from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research cut shares of General Motors from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research note on Monday, October 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.38.

GM stock traded up $0.86 on Friday, reaching $33.45. 11,956,111 shares of the company’s stock were exchanged, compared to its average volume of 15,208,248. The stock has a fifty day moving average of $30.62 and a 200-day moving average of $26.53. General Motors has a twelve month low of $14.32 and a twelve month high of $38.96. The firm has a market cap of $47.87 billion, a PE ratio of 31.86, a P/E/G ratio of 1.30 and a beta of 1.45. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 2.00.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Wednesday, July 29th. The auto manufacturer reported ($0.50) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.72) by $1.22. General Motors had a return on equity of 6.27% and a net margin of 1.46%. The firm had revenue of $16.80 billion for the quarter, compared to analyst estimates of $16.93 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. General Motors’s quarterly revenue was down 53.4% on a year-over-year basis. On average, equities research analysts predict that General Motors will post 2.51 EPS for the current fiscal year.

General Motors Company Profile

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

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Institutional Ownership by Quarter for General Motors (NYSE:GM)

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