Ashler Capital LLC Has $84.93 Million Stake in General Motors (GM)

Ashler Capital LLC lessened its position in General Motors (NYSE:GM) (TSE:GMM.U) by 60.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,522,322 shares of the auto manufacturer’s stock after selling 3,842,758 shares during the period. General Motors makes up 4.8% of Ashler Capital LLC’s holdings, making the stock its 8th largest position. Ashler Capital LLC owned about 0.18% of General Motors worth $84,927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stellar Capital Management LLC raised its position in shares of General Motors by 3.1% during the second quarter. Stellar Capital Management LLC now owns 52,472 shares of the auto manufacturer’s stock worth $2,067,000 after purchasing an additional 1,555 shares during the period. WoodTrust Financial Corp raised its position in shares of General Motors by 4.0% during the third quarter. WoodTrust Financial Corp now owns 40,016 shares of the auto manufacturer’s stock worth $1,348,000 after purchasing an additional 1,555 shares during the period. Independent Advisor Alliance raised its position in shares of General Motors by 6.3% during the third quarter. Independent Advisor Alliance now owns 26,200 shares of the auto manufacturer’s stock worth $894,000 after purchasing an additional 1,562 shares during the period. Hallmark Capital Management Inc. raised its position in shares of General Motors by 3.8% during the third quarter. Hallmark Capital Management Inc. now owns 43,589 shares of the auto manufacturer’s stock worth $1,468,000 after purchasing an additional 1,582 shares during the period. Finally, First Foundation Advisors raised its position in shares of General Motors by 19.2% during the third quarter. First Foundation Advisors now owns 10,557 shares of the auto manufacturer’s stock worth $355,000 after purchasing an additional 1,698 shares during the period. 74.31% of the stock is currently owned by institutional investors.

NYSE:GM opened at $38.45 on Tuesday. The firm has a market cap of $53.56 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 0.71 and a beta of 1.25. General Motors has a 1-year low of $30.56 and a 1-year high of $45.52. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Wednesday, October 31st. The auto manufacturer reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.62. The firm had revenue of $35.79 billion for the quarter, compared to analyst estimates of $34.85 billion. General Motors had a return on equity of 25.81% and a net margin of 0.56%. General Motors’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.32 earnings per share. Equities research analysts predict that General Motors will post 6.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Friday, December 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, December 6th. General Motors’s payout ratio is 22.96%.

A number of equities research analysts have recently issued reports on GM shares. Zacks Investment Research raised General Motors from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 16th. Morgan Stanley boosted their target price on General Motors from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 6th. Bank of America reaffirmed a “buy” rating and set a $60.00 target price on shares of General Motors in a research report on Wednesday, September 12th. ValuEngine lowered General Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Citigroup dropped their price target on General Motors from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. General Motors has an average rating of “Buy” and an average price target of $45.74.

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General Motors Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. 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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