Lmcg Investments LLC Sells 53,688 Shares of General Motors (NYSE:GM)

Lmcg Investments LLC lessened its holdings in General Motors (NYSE:GM) (TSE:GMM.U) by 26.5% in the fourth quarter, Holdings Channel reports. The firm owned 149,133 shares of the auto manufacturer’s stock after selling 53,688 shares during the period. Lmcg Investments LLC’s holdings in General Motors were worth $7,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of General Motors in the 2nd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of General Motors in the third quarter worth $27,000. Truvestments Capital LLC purchased a new position in shares of General Motors in the third quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of General Motors during the 4th quarter valued at $31,000. Finally, Eastern Bank purchased a new stake in General Motors during the 3rd quarter worth about $34,000. 92.67% of the stock is owned by hedge funds and other institutional investors.

General Motors Stock Performance

NYSE:GM opened at $50.90 on Tuesday. The stock has a 50-day simple moving average of $53.60 and a two-hundred day simple moving average of $49.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.03 and a current ratio of 1.21. General Motors has a 52-week low of $34.32 and a 52-week high of $61.24. The firm has a market capitalization of $55.97 billion, a PE ratio of 5.43, a P/E/G ratio of 0.37 and a beta of 1.42.

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

Insiders Place Their Bets

In related news, CEO Mary T. Barra sold 506,824 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $53.33, for a total value of $27,028,923.92. Following the completion of the transaction, the chief executive officer now owns 694,548 shares of the company’s stock, valued at approximately $37,040,244.84. This trade represents a 42.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the completion of the sale, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,030,475 shares of company stock worth $56,509,286 in the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GM shares. Royal Bank of Canada upped their price target on General Motors from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. HSBC downgraded shares of General Motors from a “buy” rating to a “hold” rating and set a $58.00 target price on the stock. in a research note on Wednesday, December 11th. Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $46.00 to $54.00 in a report on Tuesday, December 10th. UBS Group raised their price target on General Motors from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Mizuho raised their price objective on General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, General Motors has an average rating of “Hold” and a consensus target price of $59.68.

About General Motors

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.