General Motors (NYSE:GM) is Game Creek Capital LP’s 8th Largest Position

Game Creek Capital LP lifted its holdings in shares of General Motors (NYSE:GMGet Rating) (TSE:GMM.U) by 43.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,000 shares of the auto manufacturer’s stock after purchasing an additional 52,500 shares during the period. General Motors comprises approximately 3.4% of Game Creek Capital LP’s holdings, making the stock its 8th biggest holding. Game Creek Capital LP’s holdings in General Motors were worth $5,519,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GM. Penserra Capital Management LLC boosted its position in General Motors by 85.8% during the first quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 283 shares during the last quarter. McIlrath & Eck LLC boosted its position in General Motors by 76.4% during the second quarter. McIlrath & Eck LLC now owns 831 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 360 shares during the last quarter. Urban Wealth Management LLC acquired a new stake in General Motors during the second quarter worth approximately $26,000. FinTrust Capital Advisors LLC boosted its position in General Motors by 71.2% during the second quarter. FinTrust Capital Advisors LLC now owns 914 shares of the auto manufacturer’s stock worth $32,000 after acquiring an additional 380 shares during the last quarter. Finally, Savior LLC boosted its position in General Motors by 90.9% during the second quarter. Savior LLC now owns 945 shares of the auto manufacturer’s stock worth $30,000 after acquiring an additional 450 shares during the last quarter. 78.92% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Down 0.7 %

NYSE GM opened at $36.20 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.14 and a quick ratio of 0.95. The company’s 50 day simple moving average is $37.01 and its 200 day simple moving average is $36.91. General Motors has a 12 month low of $30.33 and a 12 month high of $55.55. The company has a market capitalization of $51.43 billion, a P/E ratio of 6.14, a PEG ratio of 0.66 and a beta of 1.33.

General Motors (NYSE:GMGet Rating) (TSE:GMM.U) last released its earnings results on Tuesday, October 25th. The auto manufacturer reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.36. General Motors had a net margin of 6.57% and a return on equity of 14.88%. The business had revenue of $41.89 billion for the quarter, compared to the consensus estimate of $42.05 billion. During the same period in the previous year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 56.4% on a year-over-year basis. Equities research analysts expect that General Motors will post 7.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank of Canada decreased their target price on shares of General Motors from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Morgan Stanley lifted their price target on shares of General Motors from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, October 26th. Citigroup lifted their price target on shares of General Motors from $78.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, October 25th. Daiwa Capital Markets lifted their price target on shares of General Motors to $38.00 in a report on Thursday, October 27th. Finally, UBS Group downgraded shares of General Motors from a “buy” rating to a “neutral” rating and cut their target price for the company from $56.00 to $38.00 in a research note on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.63.

General Motors Company Profile

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General Motors Co engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial.

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

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