Traders Buy General Motors (GM) on Weakness


Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer's stock worth $304,155,000 after acquiring an additional 1,597,098 shares during the period. Cutter & Company Brokerage Inc who had been investing in Coty Inc Cl A for a number of months, seems to be bullish on the $15.38B market cap company. The stock increased 1.75% or $5.7455 during the last trading session, reaching $333.8655. On average, equities research analysts predict that Ford Motor Company will post $1.63 earnings per share for the current fiscal year. Interactive Brokers Group, Inc. (LSBK) has risen 17.16% since January 12, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

First Republic Investment Management Inc increased General Mtrs Co (GM) stake by 12.13% reported in 2017Q3 SEC filing. Brave Asset holds 0.23% in Ford Motor Company (NYSE:F) or 36,982 shares. The Gotham Asset Management Llc holds 1.18 million shares with $47.76 million value, up from 665,877 last quarter. Blue Chip Partners stated it has 1.01% of its portfolio in General Motors Company (NYSE:GM). The stock decreased 2.38% or $1.05 during the last trading session, reaching $43. Btc Cap Mngmt accumulated 86,525 shares.

Ford Motor Co. (NYSE:F) reported its EPS in the last quarter as $0.43/Share beating the analyst estimate of $0.33/Share by a difference of $0.1. It has underperformed by 21.57% the S&P500.

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 65% are positive. General Motors Company had 81 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has "Equal-Weight" rating by Morgan Stanley on Tuesday, November 1. The firm has "Underweight" rating given on Monday, August 24 by Morgan Stanley. On Monday, September 25 the stock rating was upgraded by Deutsche Bank to "Buy". Piper Jaffray initiated the stock with "Overweight" rating in Friday, June 10 report. Barclays Capital has "Equalweight" rating and $14 target. RBC Capital Markets maintained it with "Sector Perform" rating and $38 target in Friday, July 24 report. On Tuesday, August 22 the stock rating was maintained by BMO Capital Markets with "Buy".

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 26th. GM's profit will be $1.83B for 8.42 P/E if the $1.29 EPS becomes a reality. Ativo Capital Management Llc owns 30,008 shares or 0.22% of their United States portfolio. It also upped Ceco Environmental Corp (NASDAQ:CECE) stake by 177,550 shares and now owns 631,470 shares.

Investors sentiment decreased to 0.87 in Q3 2017. The firm has a market cap of $62,600.00, a price-to-earnings ratio of 9.54, a PEG ratio of 0.82 and a beta of 1.55.

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Several institutional investors have recently bought and sold shares of GM.

Other hedge funds have also recently added to or reduced their stakes in the company. Its down 0.85% from 199,300 shares previously. The firm has "Hold" rating by Jefferies given on Monday, October 30. Calamos Advisors Ltd Llc holds 460,201 shares or 0.14% of its portfolio. Denali Ltd Liability reported 410,800 shares stake. Northwestern Mutual Wealth Management invested 0.04% in General Motors Company (NYSE:GM).

Financial Consulate Inc holds 0.34% of its portfolio in ACNB Corporation for 22,687 shares. Hudock Capital Group LLC raised its position in Ford Motor Company by 0.8% in the third quarter. Berkshire Hathaway Inc. grew its position in General Motors by 20.0% during the 2nd quarter.

Hexavest Inc. increased its position in shares of Ford Motor (NYSE:F) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Tci Wealth Advisors owns 97 shares. New Mexico Educational Retirement Board holds 0.23% or 122,000 shares. (NYSE:C) stake by 168,857 shares to 421,121 valued at $30.63M in 2017Q3.

Tortoise Investment Management Llc holds 6.29% of its portfolio in Nuveen Build America Bond Opportunity Fund for 940,078 shares. (NYSE:COTY). Great West Life Assurance Can holds 343,853 shares or 0.01% of its portfolio. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The stock has "Hold" rating by Vetr on Tuesday, August 11. The stock of Coty Inc. As per Thursday, October 5, the company rating was maintained by RBC Capital Markets. The stock has "Strong Buy" rating by S&P Research on Friday, September 18. The stock of The Boeing Company (NYSE:BA) has "Buy" rating given on Thursday, April 28 by Argus Research. The company was upgraded on Wednesday, October 25 by Citigroup. The firm has "Hold" rating given on Wednesday, July 26 by Canaccord Genuity.

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