Livforsakringsbolaget Skandia Omsesidigt Increases Stock Position in General Motors (NYSE:GM)
Livforsakringsbolaget Skandia Omsesidigt boosted its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,361 shares of the auto manufacturer’s stock after purchasing an additional 1,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in General Motors were worth $5,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Annex Advisory Services LLC boosted its holdings in General Motors by 88.1% in the second quarter. Annex Advisory Services LLC now owns 85,505 shares of the auto manufacturer’s stock valued at $3,294,000 after acquiring an additional 40,047 shares in the last quarter. Foundry Partners LLC boosted its holdings in General Motors by 0.7% in the second quarter. Foundry Partners LLC now owns 419,620 shares of the auto manufacturer’s stock valued at $16,168,000 after acquiring an additional 2,725 shares in the last quarter. Bank of The West boosted its holdings in General Motors by 9.8% in the second quarter. Bank of The West now owns 140,858 shares of the auto manufacturer’s stock valued at $5,427,000 after acquiring an additional 12,597 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in General Motors by 41.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 7,751 shares of the auto manufacturer’s stock valued at $299,000 after acquiring an additional 2,256 shares in the last quarter. Finally, Bigelow Investment Advisors LLC bought a new stake in General Motors in the second quarter valued at $270,000. 76.65% of the stock is currently owned by institutional investors and hedge funds.
General Motors stock traded down $0.26 on Tuesday, hitting $40.43. 2,163,715 shares of the stock traded hands, compared to its average volume of 6,474,318. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.81 and a current ratio of 0.94. The stock has a market capitalization of $57.83 billion, a price-to-earnings ratio of 6.18, a P/E/G ratio of 0.70 and a beta of 1.40. The firm has a fifty day moving average of $38.28. General Motors has a 1 year low of $30.56 and a 1 year high of $41.50.
GM has been the topic of several recent analyst reports. Credit Suisse Group initiated coverage on shares of Magna International in a report on Wednesday, June 26th. They issued a “neutral” rating and a $55.00 price target on the stock. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Nomura set a $42.00 price target on shares of General Motors and gave the company a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada cut their price target on shares of West Fraser Timber from C$77.00 to C$75.00 and set an “outperform” rating on the stock in a report on Monday, July 22nd. Finally, ValuEngine upgraded shares of Worldline from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. General Motors has an average rating of “Buy” and an average target price of $47.50.
In related news, Director Wesley G. Bush purchased 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average price of $38.58 per share, with a total value of $385,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.51% of the company’s stock.
General Motors Company Profile
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, GM Cruise, and GM Financial. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.
Further Reading: Price to Earnings Ratio (PE)
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