Hudson Capital Management LLC Lowers Stake in General Motors (NYSE:GM)

Hudson Capital Management LLC reduced its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,159 shares of the auto manufacturer’s stock after selling 4,532 shares during the quarter. General Motors accounts for approximately 1.6% of Hudson Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Hudson Capital Management LLC’s holdings in General Motors were worth $5,229,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Magnus Financial Group LLC purchased a new position in General Motors in the 4th quarter valued at about $241,000. Global Trust Asset Management LLC lifted its stake in General Motors by 139.4% in the 4th quarter. Global Trust Asset Management LLC now owns 1,204 shares of the auto manufacturer’s stock valued at $64,000 after buying an additional 701 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in General Motors by 7.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 172,209 shares of the auto manufacturer’s stock valued at $9,174,000 after buying an additional 11,550 shares in the last quarter. Simon Quick Advisors LLC lifted its stake in General Motors by 6.9% in the 4th quarter. Simon Quick Advisors LLC now owns 6,703 shares of the auto manufacturer’s stock valued at $357,000 after buying an additional 433 shares in the last quarter. Finally, Octavia Wealth Advisors LLC purchased a new position in General Motors in the 4th quarter valued at about $203,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now directly owns 122,465 shares in the company, valued at $6,935,192.95. This represents a 75.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rory Harvey sold 8,919 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GM. JPMorgan Chase & Co. raised their target price on shares of General Motors from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company cut their price target on shares of General Motors from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group raised their price target on shares of General Motors from $53.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Wedbush raised their price target on shares of General Motors from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their price target on shares of General Motors from $53.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, General Motors currently has an average rating of “Hold” and an average price target of $60.05.

General Motors Trading Down 2.1 %

NYSE:GM opened at $52.77 on Thursday. The stock’s 50 day simple moving average is $53.39 and its 200-day simple moving average is $49.74. General Motors has a 12-month low of $34.56 and a 12-month high of $61.24. The firm has a market cap of $58.03 billion, a P/E ratio of 5.63, a PEG ratio of 0.39 and a beta of 1.42. The company has a current ratio of 1.21, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, October 22nd. The auto manufacturer reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.47. General Motors had a return on equity of 16.30% and a net margin of 6.06%. The firm had revenue of $48.76 billion for the quarter, compared to analyst estimates of $44.67 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. General Motors’s quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that General Motors will post 10.34 EPS for the current year.

General Motors Profile

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