Oskie Capital Management LLC Cut General Mtrs Co (GM) Holding by $11.82 Million as Market Valuation Declined

March 22, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.15, from 1.02 in 2017Q2. It fall, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported. Allsquare Wealth Limited Liability Corporation accumulated 5,500 shares. 562,182 are owned by D E Shaw Communication Incorporated. Alyeska Inv Gp Limited Partnership reported 1.81 million shares. Cibc Markets Incorporated stated it has 314,304 shares. Caisse De Depot Et Placement Du Quebec holds 2.33 million shares. Cordasco Fincl Networks invested 0.16% in General Motors Company (NYSE:GM). Smithfield Trust Com holds 0.01% or 1,195 shares. Kistler reported 366 shares. Asset Management One Com reported 2.15M shares or 0.2% of all its holdings. Schwerin Boyle Capital Mgmt accumulated 981,117 shares. Advantus reported 132,232 shares or 0.14% of all its holdings. Michigan-based Ls Invest Limited Company has invested 0.13% in General Motors Company (NYSE:GM). Kempen Nv has 659,130 shares. Ancora Advisors Limited Company holds 0.03% of its portfolio in General Motors Company (NYSE:GM) for 11,133 shares. Moreover, Guggenheim Lc has 0.19% invested in General Motors Company (NYSE:GM).

David M. Markowitz decreased its stake in General Mtrs Co (GM) by 84.4% based on its latest 2017Q3 regulatory filing with the SEC. Oskie Capital Management Llc sold 295,400 shares as the company’s stock declined 12.09% while stock markets rallied. The hedge fund run by David M. Markowitz held 54,600 shares of the auto manufacturing company at the end of 2017Q3, valued at $2.21 million, down from 350,000 at the end of the previous reported quarter. Oskie Capital Management Llc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $52.63B market cap company. The stock increased 1.87% or $0.69 during the last trading session, reaching $37.58. About 11.57M shares traded. General Motors Company (NYSE:GM) has risen 7.92% since March 22, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Oskie Capital Management Llc, which manages about $208.69 million and $87.90 million US Long portfolio, upped its stake in Ford Mtr Co Del (Call) (NYSE:F) by 550,000 shares to 850,000 shares, valued at $10.18 million in 2017Q3, according to the filing.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 27. They expect $1.31 earnings per share, down 22.94 % or $0.39 from last year’s $1.7 per share. GM’s profit will be $1.83B for 7.17 P/E if the $1.31 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -20.61 % negative EPS growth.

General Motors Company (NYSE:GM) Ratings Coverage

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company has $70.0 highest and $26 lowest target. $45.02’s average target is 19.80% above currents $37.58 stock price. General Motors Company had 92 analyst reports since July 24, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 11 by UBS. The company was initiated on Tuesday, August 9 by Jefferies. RBC Capital Markets maintained the shares of GM in report on Monday, January 22 with “Buy” rating. Barclays Capital maintained the stock with “Equalweight” rating in Monday, January 25 report. As per Tuesday, August 9, the company rating was initiated by Seaport Global. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Piper Jaffray on Tuesday, February 6. CFRA maintained General Motors Company (NYSE:GM) rating on Tuesday, January 16. CFRA has “Buy” rating and $51.0 target. The firm has “Outperform” rating given on Tuesday, December 19 by RBC Capital Markets. The firm has “Buy” rating given on Monday, November 20 by Guggenheim. Standpoint Research downgraded the shares of GM in report on Thursday, September 14 to “Hold” rating.

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