Alpha Cubed Investments LLC's holdings in Ford Motor were worth $947,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company.
The No. 1 USA automaker posted lower revenue for the quarter as it shuttered plants North America to reduce production and tackle bloated inventory levels, especially of unpopular sedan models as consumers move increasingly to pickup trucks, SUVs and crossovers. Summit X LLC acquired a new position in General Motors in the 3rd quarter valued at about $209,000. FNY Managed Accounts LLC bought a new stake in General Motors during the first quarter valued at about $107,000. Brandywine Global Inv Management Llc reported 1.52% in General Motors Company (NYSE:GM). Short shares increased from 37,516,223 to 37,954,007 over that period. Prentiss Smith invested in 3,000 shares or 0.02% of the stock.
It is trading at $45.15 barely above $41.53, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $36.38. The stock of General Motors Company (NYSE:GM) has "Hold" rating given on Tuesday, June 13 by Wolfe Research.
Charges related to General Motors' sale of its European operations dragged the company down to a $3 billion third-quarter net loss, while profits from its continuing operations also declined sharply due to cuts in vehicle production. The auto manufacturer reported $1.32 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.11 by $0.21. General Motors Company had a return on equity of 23.22% and a net margin of 8.58%. For the full year, analysts are looking for EPS of $6.12 and revenues of $146.21 billion. That's in-line with analysts' view of $6.16 per share for the year.
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He's now a free agent, and has filed a grievance against team owners saying they colluded to keep him from being signed. Existing NFL policy says players "should" stand for the anthem but does not explicitly make it mandatory.
The nation's largest auto maker by sales said operating profit adjusted for one-time items equaled $1.32 per share, surpassing Wall Street analysts' average forecast of $1.11. More interesting news about General Motors Company (NYSE:GM) were released by: Investorplace.com and their article: "Surprise!" The ex-dividend date was set for Thursday the 7th of September 2017. This dividend represents a yield of $3.35 which is the dividend as a percentage of the current share price. Ford Motor's payout ratio is 63.16%. On September 21 Morgan Stanley maintained a company rating of "Overweight" and raised the price expectation to $43.00 from $40.00. UBS AG reissued a "buy" rating and set a $50.00 target price (up from $39.00) on shares of General Motors in a research note on Wednesday, October 11th. New York-based Midas Mgmt Corp has invested 0.85% in General Motors Company (NYSE:GM).
A number of research firms have issued reports on GM.
Among 3 analysts covering IBI Group (TSE:IBG), 0 have Buy rating, 0 Sell and 3 Hold. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & worldwide trademark and copyright law. This continues to be an interesting story, and we look forward to updating it again soon on General Motors Company.
Now insiders hold 2,492,271 shares in the business which makes up 0.17% of shares. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charles K. Stevens III sold 16,000 shares of the stock in a transaction on Friday, July 28th. General Motors Company now has an average rating of "Hold" and a consensus price target of $35.25. Following the sale, the insider now owns 77,052 shares in the company, valued at approximately $2,758,461.60.