Brinker Capital Investments LLC Increases Stock Position in General Motors (NYSE:GM)

Brinker Capital Investments LLC lifted its holdings in shares of General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) by 24.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,382 shares of the auto manufacturer’s stock after acquiring an additional 3,823 shares during the quarter. Brinker Capital Investments LLC’s holdings in General Motors were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in GM. Penserra Capital Management LLC lifted its holdings in General Motors by 85.8% in the 1st quarter. Penserra Capital Management LLC now owns 613 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 283 shares in the last quarter. McIlrath & Eck LLC increased its position in shares of General Motors by 76.4% in the 2nd quarter. McIlrath & Eck LLC now owns 831 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 360 shares during the last quarter. Urban Wealth Management LLC bought a new stake in shares of General Motors in the 2nd quarter worth about $26,000. FinTrust Capital Advisors LLC increased its position in shares of General Motors by 71.2% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 914 shares of the auto manufacturer’s stock worth $32,000 after purchasing an additional 380 shares during the last quarter. Finally, Savior LLC increased its position in shares of General Motors by 90.9% in the 2nd quarter. Savior LLC now owns 945 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 78.92% of the company’s stock.

Analyst Ratings Changes

GM has been the subject of several research analyst reports. Daiwa Capital Markets boosted their target price on shares of General Motors to $38.00 in a research report on Thursday, October 27th. Wells Fargo & Company boosted their price objective on shares of General Motors from $29.00 to $30.00 and gave the company an “underweight” rating in a research report on Wednesday, October 26th. StockNews.com raised shares of General Motors from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. UBS Group downgraded shares of General Motors from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $56.00 to $38.00 in a research report on Monday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of General Motors from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.74.

General Motors Trading Up 3.1 %

Shares of NYSE:GM opened at $36.44 on Tuesday. The company has a 50 day moving average of $37.09 and a 200-day moving average of $36.88. The firm has a market cap of $51.77 billion, a P/E ratio of 6.18, a P/E/G ratio of 0.62 and a beta of 1.33. General Motors has a twelve month low of $30.33 and a twelve month high of $55.55. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 1.11.

General Motors (NYSE:GM – Get Rating) (TSE:GMM.U) last issued its quarterly earnings results on Tuesday, October 25th. The auto manufacturer reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.36. General Motors had a net margin of 6.57% and a return on equity of 14.88%. The company had revenue of $41.89 billion during the quarter, compared to analyst estimates of $42.05 billion. During the same period in the prior year, the business posted $1.52 EPS. The business’s revenue for the quarter was up 56.4% compared to the same quarter last year. As a group, analysts anticipate that General Motors will post 7.1 earnings per share for the current fiscal year.

General Motors Profile

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General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories in North America, the Asia Pacific, the Middle East, Africa, South America, the United States, and China. The company operates through GM North America, GM International, Cruise, and GM Financial segments.