Loews Corp Stake in General Motors Co. (GM) Increased as Shares Declined

June 29, 2018 - By Ashley Bratcher

General Motors Company (NYSE:GM) Corporate LogoBig Money Sentiment increased to 1.01 in Q1 2018. It has change of 0.11, from 2017Q4’s 0.9. The ratio improved due to GM positioning: 77 sold and 292 reduced. 90 funds bought holdings and 284 increased holdings. Investors holded 999.45 million in 2017Q4 but now own 995.41 million shares or 0.40% less. 329,216 are held by Zurcher Kantonalbank (Zurich Cantonalbank). Arrowstreet Partnership holds 6,600 shs. National Pension Service, a Korea-based fund reported 1.27M shs. Nuveen Asset Mgmt owns 674,832 shs for 0.16% of their capital. Jabre Cap Ptnrs has 3.52% invested in General Motors Company (NYSE:GM). Kj Harrison Ptnrs accumulated 14,045 shs. Meritage Port Mngmt holds 0.22% or 61,920 shs. Hussman Strategic Advsr accumulated 50,000 shs. Advsrs Cap Management Limited Liability Corporation holds 1.36% or 496,364 shs. 23,454 were reported by Evermay Wealth Management Ltd Liability Co. Millennium Mngmt Lc, New York-based fund reported 2.90M shs. Commonwealth Of Pennsylvania Public School Empls Retrmt System invested 0.06% in General Motors Company (NYSE:GM). Acr Alpine Cap Research Limited Liability Company, a Missouri-based fund reported 2.48 million shs. Clearbridge Invests Ltd Liability Co holds 0.22% or 6.37 million shs. Liberty Mutual Gp Asset Mgmt holds 0.06% or 52,271 shs in its capital.

The holdings In General Motors Co. (GM) was rose held by Loews Corp. According to 2018Q1 Securities and Exchange form the reduction is 43.61%. By buying 100,000 shares Loews Corp made the stock sank with 7.80%. The auto manufacturing company announced $11.97M value for the 2018Q1. Now the institutional investor is holding 329,283 shares, compared to the 229,283 from the previous quarter. General Motors Co. has $56.58 billion market cap. GM hit $40.14 during the last trading session after $0.38 change.Currently General Motors Company is uptrending after 17.48% change in last June 29, 2017. GM has also 2.76M shares volume. GM outperformed the S&P 500 by 4.91%.

Loews Corp manages about $14.93 billion US Long portfolio. According to a filing the fund reduced its stake in Hertz Global Holdings Inc by 185,000 shares to 965,000 shares, valued at $19.16 million in 2018Q1. Loews Corp has cut its stake in Hca Healthcare Inc (Put) and also reduced its holding in Barrick Gold Corp (Call) by 400,000 shares in the quarter, for a total of 100,000 shares.

For more General Motors Company (NYSE:GM) news announced recently go to: Fool.com, Seekingalpha.com, Fool.com, Fool.com or Seekingalpha.com. The titles are as follows: “Is General Motors Planning to Spin Off Its Self-Driving Unit?” announced on June 21, 2018, “GM’s master plan with Cruise” on June 15, 2018, “More Proof That General Motors Isn’t Giving Up on Sedans” with a publish date: June 18, 2018, “2 Hated Stocks That Could Prove Everybody Wrong” and the last “GM +10% as dreamy AV talk turns commercial” with publication date: May 31, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

Total analysts of 12 have positions in General Motors (NYSE:GM) as follows: 10 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 83%. Since January 16, 2018 according to StockzIntelligence Inc General Motors has 18 analyst reports. On Wednesday, February 7 the rating was maintained by Guggenheim with “Buy”. On Tuesday, June 5 Morgan Stanley maintained General Motors Company (NYSE:GM) rating. Morgan Stanley has “Overweight” rating and $50 target. On Thursday, May 31 Evercore upgraded the shares of GM in report to “Outperform” rating. On Wednesday, February 14 the stock has “Equal-Weight” rating by Morgan Stanley. On Wednesday, February 7 the rating was maintained by Bank of America with “Buy”. The stock rating was maintained by Nomura with “Neutral” on Thursday, February 8. On Sunday, March 4 the firm earned “Hold” rating by BMO Capital Markets. On Tuesday, January 16 CFRA maintained General Motors Company (NYSE:GM) with “Buy” rating. On Thursday, April 19 the firm has “Buy” rating given by Guggenheim. On Monday, February 12 the firm has “Buy” rating given by Citigroup.

General Motors Company (NYSE:GM) Institutional Investors Chart

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