Advent Capital Management Has Cut Its General Motors Co (GM) Holding; Anchor Bolt Capital LP Has Decreased Turquoise Hill Res LTD (TRQ) Stake By $36.14 Million

March 21, 2018 - By Peter Erickson

Advent Capital Management decreased General Motors Co (GM) stake by 28.3% reported in 2017Q3 SEC filing. Advent Capital Management sold 60,000 shares as General Motors Co (GM)’s stock declined 12.09%. The Advent Capital Management holds 152,000 shares with $6.14M value, down from 212,000 last quarter. General Motors Co now has $52.99B valuation. The stock increased 2.56% or $0.94 during the last trading session, reaching $37.83. About 9.29 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since March 21, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Anchor Bolt Capital Lp decreased Turquoise Hill Res Ltd (TRQ) stake by 35.54% reported in 2017Q3 SEC filing. Anchor Bolt Capital Lp sold 12.05 million shares as Turquoise Hill Res Ltd (TRQ)’s stock declined 20.46%. The Anchor Bolt Capital Lp holds 21.85 million shares with $67.73 million value, down from 33.89 million last quarter. Turquoise Hill Res Ltd now has $6.59 billion valuation. The stock increased 1.55% or $0.05 during the last trading session, reaching $3.28. About 3.53M shares traded or 3.82% up from the average. Turquoise Hill Resources Ltd. (NYSE:TRQ) has declined 2.47% since March 21, 2017 and is downtrending. It has underperformed by 19.17% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 27. They expect $1.31 EPS, down 22.94% or $0.39 from last year’s $1.7 per share. GM’s profit will be $1.83 billion for 7.22 P/E if the $1.31 EPS becomes a reality. After $1.65 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -20.61% negative EPS growth.

Advent Capital Management increased Ciena Corp (Prn) stake by 1.91 million shares to 7.67 million valued at $10.20M in 2017Q3. It also upped Anthem Inc (Prn) stake by 3.05M shares and now owns 15.93M shares. Jazz Investments I Ltd (Prn) was raised too.

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 had 92 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, July 25 by RBC Capital Markets. Barclays Capital maintained the stock with “Equalweight” rating in Monday, January 25 report. UBS maintained it with “Buy” rating and $48 target in Friday, October 2 report. The stock of General Motors Company (NYSE:GM) has “Hold” rating given on Wednesday, October 25 by RBC Capital Markets. As per Wednesday, October 25, the company rating was maintained by BMO Capital Markets. The firm has “Outperform” rating given on Monday, January 11 by Credit Suisse. On Thursday, October 5 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Buy” rating on Wednesday, October 25 by Deutsche Bank. The firm earned “Overweight” rating on Thursday, September 21 by Morgan Stanley. On Wednesday, October 26 the stock rating was downgraded by Bank of America to “Neutral”.

Investors sentiment increased to 0.9 in Q3 2017. Its up 0.03, from 0.87 in 2017Q2. It increased, 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. Psagot Investment House holds 0.13% or 74,715 shares. Metropolitan Life Insurance Com New York holds 623,134 shares or 0.16% of its portfolio. Cetera Advisor Network Limited Liability Company owns 42,190 shares or 0.08% of their US portfolio. Bnp Paribas Asset Management Holding holds 65,296 shares or 0.02% of its portfolio. Vanguard Group stated it has 91.38M shares. Winslow Evans Crocker Inc accumulated 1,416 shares. Greenleaf Tru holds 28,491 shares. Farmers Merchants Invests Inc reported 0% of its portfolio in General Motors Company (NYSE:GM). Menora Mivtachim Holding Limited reported 0.62% in General Motors Company (NYSE:GM). Moreover, National Asset Management has 0.1% invested in General Motors Company (NYSE:GM) for 15,302 shares. Profund Limited Liability Company holds 0.05% or 30,710 shares. Sigma Planning owns 22,560 shares. Breton Hill Capital Ltd stated it has 2.45% in General Motors Company (NYSE:GM). Alyeska Inv Group LP has invested 0.59% of its portfolio in General Motors Company (NYSE:GM). Nuveen Asset Mngmt Ltd holds 598,560 shares.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:

Recent Posts