Fort Sheridan Advisors LLC Grows Stake in General Motors (NYSE:GM)

Fort Sheridan Advisors LLC increased its position in shares of General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 3.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,540 shares of the auto manufacturer’s stock after buying an additional 809 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in General Motors were worth $1,030,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FSB Premier Wealth Management Inc. purchased a new position in General Motors during the 4th quarter worth approximately $28,000. Sandy Cove Advisors LLC purchased a new position in General Motors during the 4th quarter worth approximately $30,000. Tyler Stone Wealth Management acquired a new stake in General Motors during the 4th quarter worth approximately $34,000. Benjamin F. Edwards & Company Inc. acquired a new stake in General Motors during the 1st quarter worth approximately $26,000. Finally, SJS Investment Consulting Inc. lifted its position in General Motors by 220.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 602 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 82.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on GM shares. JPMorgan Chase & Co. decreased their price objective on General Motors from $75.00 to $71.00 in a research report on Monday, April 25th. TheStreet cut General Motors from a “b-” rating to a “c+” rating in a report on Friday, May 20th. Benchmark reduced their price target on General Motors from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Exane BNP Paribas started coverage on General Motors in a report on Monday, April 11th. They issued an “outperform” rating for the company. Finally, BNP Paribas started coverage on General Motors in a report on Monday, April 11th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, General Motors currently has a consensus rating of “Moderate Buy” and an average price target of $54.94.

General Motors Price Performance

Shares of NYSE:GM opened at $36.06 on Friday. The company has a market cap of $52.58 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.53 and a beta of 1.27. The company has a quick ratio of 0.93, a current ratio of 1.15 and a debt-to-equity ratio of 1.14. General Motors has a 52 week low of $30.33 and a 52 week high of $67.21. The business has a fifty day simple moving average of $34.39 and a 200-day simple moving average of $40.46.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, July 26th. The auto manufacturer reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.42). The business had revenue of $35.76 billion during the quarter, compared to analysts’ expectations of $34.35 billion. General Motors had a net margin of 6.66% and a return on equity of 13.82%. General Motors’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.97 EPS. Equities research analysts forecast that General Motors will post 6.92 EPS for the current year.

General Motors Profile

(Get Rating)

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.

Featured Stories

Want to see what other hedge funds are holding GM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Motors (NYSE:GMGet Rating) (TSE:GMM.U).

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

Receive News & Ratings for General Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Motors and related companies with MarketBeat.com's FREE daily email newsletter.