Fisher Asset Management LLC Takes Position in General Motors (GM)
Fisher Asset Management LLC acquired a new position in shares of General Motors (NYSE:GM) (TSE:GMM.U) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,687 shares of the auto manufacturer’s stock, valued at approximately $274,000.
Several other institutional investors have also recently added to or reduced their stakes in GM. Fieldpoint Private Securities LLC purchased a new stake in General Motors in the third quarter valued at $119,000. Cerebellum GP LLC purchased a new stake in General Motors in the fourth quarter valued at $123,000. Fayez Sarofim & Co. purchased a new stake in General Motors in the third quarter valued at $202,000. Capital Investment Advisory Services LLC purchased a new stake in General Motors in the third quarter valued at $203,000. Finally, NTV Asset Management LLC purchased a new stake in General Motors in the third quarter valued at $203,000. 72.58% of the stock is owned by institutional investors and hedge funds.
General Motors (GM) opened at $41.00 on Friday. General Motors has a one year low of $31.92 and a one year high of $46.76. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 1.54. The stock has a market cap of $58,236.73, a PE ratio of 6.62, a PEG ratio of 0.74 and a beta of 1.59.
A number of equities research analysts recently weighed in on GM shares. Vetr cut shares of General Motors from a “buy” rating to a “hold” rating and set a $43.99 price target for the company. in a research report on Monday, November 13th. Zacks Investment Research cut shares of General Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Cascend Securities cut shares of General Motors to a “buy” rating in a research report on Tuesday, December 5th. Barclays reissued a “buy” rating and issued a $61.00 price target on shares of General Motors in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group cut shares of General Motors from a “neutral” rating to a “sell” rating and reduced their price target for the company from $43.16 to $32.00 in a research report on Monday, October 30th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.03.
About General Motors
General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The Company’s segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and General Motors Financial Company, Inc (GM Financial). The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands, including Buick, Cadillac, Chevrolet and GMC.
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