HighTower Advisors LLC decreased its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 35.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,989 shares of the auto manufacturer’s stock after selling 46,339 shares during the quarter. HighTower Advisors LLC’s holdings in General Motors were worth $1,713,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GM. Advisory Alpha LLC raised its position in General Motors by 76.9% in the 1st quarter. Advisory Alpha LLC now owns 1,159 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 504 shares during the last quarter. HHM Wealth Advisors LLC purchased a new stake in shares of General Motors during the 1st quarter valued at about $25,000. Howe & Rusling Inc. increased its position in shares of General Motors by 246.3% during the 1st quarter. Howe & Rusling Inc. now owns 1,385 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 985 shares during the last quarter. PSI Advisors LLC purchased a new stake in shares of General Motors during the 4th quarter valued at about $31,000. Finally, Whittier Trust Co. increased its position in shares of General Motors by 238.2% during the 1st quarter. Whittier Trust Co. now owns 1,488 shares of the auto manufacturer’s stock valued at $31,000 after purchasing an additional 1,048 shares during the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.

GM stock opened at $25.30 on Tuesday. General Motors has a 1-year low of $14.32 and a 1-year high of $41.90. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.07 and a quick ratio of 0.95. The company has a market capitalization of $35.00 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.64 and a beta of 1.41. The business has a 50 day simple moving average of $26.31 and a two-hundred day simple moving average of $28.62.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, May 6th. The auto manufacturer reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.32. General Motors had a return on equity of 12.73% and a net margin of 3.60%. The business had revenue of $32.71 billion during the quarter, compared to the consensus estimate of $31.37 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. Sell-side analysts anticipate that General Motors will post 1.51 EPS for the current fiscal year.

Several equities research analysts have recently commented on GM shares. Deutsche Bank raised shares of General Motors from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Thursday, May 7th. Cfra lowered shares of General Motors to a “sell” rating and set a $15.00 price target for the company. in a research report on Tuesday, April 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $33.00 price target on shares of General Motors in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their price target on shares of General Motors from $29.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, June 19th. Finally, UBS Group reissued a “buy” rating and issued a $27.00 target price on shares of General Motors in a report on Tuesday, March 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $34.53.

In other news, EVP Julian G. Blissett bought 9,300 shares of the stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $241,800.00. Following the transaction, the executive vice president now owns 22,130 shares of the company’s stock, valued at $575,380. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.51% of the company’s stock.

General Motors 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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