*Loews Corp Continues to Hold Stake in General Motors Co. (GM)

June 29, 2018 - By Mark Williams

General Motors Company (NYSE:GM) Corporate LogoDuring Q1 2018 the big money sentiment increased to 1.01. That’s change of 0.11, from 2017Q4’s 0.9. 77 investors sold all, 292 reduced holdings as GM ratio is positive. 284 grew positions while 90 funds acquired positions. Funds hold 995.41 million shares thus 0.40% less from 2017Q4’s 999.45 million shares. 79,442 are held by Eaton Vance Mgmt. Jnba, Minnesota-based fund reported 550 shs. Johnson Financial Gp invested in 49,136 shs. Hourglass Llc invested in 289,465 shs or 2.4% of the stock. Ingalls Snyder Limited Co owns 436,749 shs for 0.77% of their capital. Regions Fin reported 23,137 shs stake. Prelude Cap Mngmt Ltd Liability Company reported 0.04% in General Motors Company (NYSE:GM). Qci Asset Mngmt New York holds 0% or 20 shs. Westover Capital Advsrs Lc reported 99,404 shs. Lsv Asset Mgmt owns 11.20 million shs. Neumann Ltd Liability Com has 1.18% invested in General Motors Company (NYSE:GM). Putnam Limited Liability Com has invested 0.34% in General Motors Company (NYSE:GM). X Lc owns 32,641 shs or 0.02% of their US capital. Hexavest reported 1.39M shs. City accumulated 1,744 shs.

Loews Corp rose its holdings by 43.61% in General Motors Co. (GM), according to 2018Q1 Securities and Exchange form. 100,000 shares were bought by Loews Corp as the company’s stock declined 7.80% with the market. At the end of 2018Q1, the institutional investor held 329,283 shares of the auto manufacturing company, priced at $11.97 million, up from 229,283 at the end of the previous reported quarter. $56.58B is the market cap of General Motors Co.. The stock decreased 0.94% or $0.38 during the last trading session, touching $40.14.General Motors Company has volume of 2.76M shares. Since June 29, 2017 GM has risen 17.48% and is uptrending. GM outperformed by 4.91% the S&P500.

Loews Corp manages about $14.93 billion US Long portfolio. According to a filing the fund reduced its stake in Hca Healthcare Inc (Put) by 70,000 shares to 80,000 shares, valued at $7.76 million in 2018Q1. Loews Corp has cut its stake in Anthem Inc (NYSE:ANTM) and also reduced its holding in Bank Of America Corp (NYSE:BAC) by 151,789 shares in the quarter, for a total of 11,659 shares.

For more General Motors Company (NYSE:GM) news released briefly go to: 247Wallst.com, Fool.com, Seekingalpha.com, Fool.com or Seekingalpha.com. The titles are as follows: “Ford Sales Expected to Drop in June” released on June 28, 2018, “Is General Motors Planning to Spin Off Its Self-Driving Unit?” on June 21, 2018, “General Motors: Excellent Execution, Underestimated Upside And Overly Conservative Valuation” with a publish date: June 15, 2018, “2 Hated Stocks That Could Prove Everybody Wrong” and the last “General Motors: Double Potential” with publication date: June 17, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

In total 12 analysts cover General Motors (NYSE:GM). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. (NYSE:GM) has 83% bullish analysts. 18 are the (NYSE:GM)’s ratings reports on 29 Jun 2018 according to StockzIntelligence Inc. In Monday, April 9 report Morgan Stanley upgraded the stock to “Overweight” rating. On Monday, January 22 the firm earned “Buy” rating by RBC Capital Markets. On Tuesday, January 16 CFRA maintained General Motors Company (NYSE:GM) with “Buy” rating. On Wednesday, February 7 the firm has “Buy” rating given by Guggenheim. On Tuesday, March 13 the rating was maintained by JP Morgan with “Overweight”. On Friday, June 1 the rating was maintained by J.P. Morgan with “Buy”. On Tuesday, February 6 the firm has “Buy” rating by Piper Jaffray given. On Wednesday, February 14 the stock has “Equal-Weight” rating by Morgan Stanley. On Thursday, April 19 the rating was maintained by Guggenheim with “Buy”. The company rating was maintained by Bank of America on Wednesday, February 7.

General Motors Company (NYSE:GM) Institutional Investors Chart

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