Lion Street Advisors LLC Sells 1,775 Shares of General Motors (NYSE:GM)

Lion Street Advisors LLC cut its position in shares of General Motors (NYSE:GM) (TSE:GMM.U) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,982 shares of the auto manufacturer’s stock after selling 1,775 shares during the period. Lion Street Advisors LLC’s holdings in General Motors were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Czech National Bank grew its holdings in General Motors by 5.3% during the 3rd quarter. Czech National Bank now owns 228,954 shares of the auto manufacturer’s stock worth $10,266,000 after acquiring an additional 11,533 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of General Motors by 9.6% during the third quarter. GAMMA Investing LLC now owns 15,528 shares of the auto manufacturer’s stock valued at $696,000 after purchasing an additional 1,356 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in General Motors during the third quarter valued at approximately $220,000. Dynamic Advisor Solutions LLC raised its stake in General Motors by 2.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 14,832 shares of the auto manufacturer’s stock worth $665,000 after buying an additional 314 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in General Motors by 10.4% during the third quarter. Atomi Financial Group Inc. now owns 9,436 shares of the auto manufacturer’s stock worth $423,000 after buying an additional 888 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at General Motors

In related news, EVP Rory Harvey sold 8,919 shares of General Motors stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total transaction of $535,229.19. Following the completion of the transaction, the executive vice president now directly owns 8,513 shares in the company, valued at approximately $510,865.13. This trade represents a 51.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 owns 122,465 shares in the company, valued at approximately $6,935,192.95. This represents a 75.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.72% of the company’s stock.

General Motors Trading Down 1.6 %

General Motors stock opened at $47.79 on Thursday. The stock has a 50-day moving average price of $52.27 and a 200 day moving average price of $49.94. The company has a market capitalization of $47.55 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.69 and a beta of 1.40. General Motors has a 52 week low of $37.60 and a 52 week high of $61.24. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.38.

General Motors (NYSE:GM) (TSE:GMM.U) last announced its quarterly earnings data on Tuesday, January 28th. The auto manufacturer reported $1.92 EPS for the quarter, beating the consensus estimate of $1.75 by $0.17. General Motors had a net margin of 3.21% and a return on equity of 15.29%. Sell-side analysts anticipate that General Motors will post 11.41 EPS for the current year.

General Motors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, March 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.00%. General Motors’s payout ratio is currently 7.80%.

Analysts Set New Price Targets

GM has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on General Motors from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. DZ Bank lowered General Motors from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Friday, October 11th. Mizuho boosted their target price on shares of General Motors from $59.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays raised their price target on shares of General Motors from $64.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of General Motors from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $56.00 to $60.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.28.

General Motors Company Profile

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.