Greenlight Capital Inc buys $482,909,432 stake in General Motors Company (GM)

General Motors Company (GM) : Greenlight Capital Inc scooped up 1,372,648 additional shares in General Motors Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 15,296,466 shares of General Motors Company which is valued at $482,909,432.General Motors Company makes up approximately 7.70% of Greenlight Capital Inc’s portfolio.

Other Hedge Funds, Including , Everpoint Asset Management reduced its stake in GM by selling 191,000 shares or 84.51% in the most recent quarter. The Hedge Fund company now holds 35,000 shares of GM which is valued at $1,104,950. General Motors Company makes up approx 0.03% of Everpoint Asset Management’s portfolio.Oppenheimer Co Inc boosted its stake in GM in the latest quarter, The investment management firm added 2,191 additional shares and now holds a total of 144,205 shares of General Motors Company which is valued at $4,578,509. General Motors Company makes up approx 0.13% of Oppenheimer Co Inc’s portfolio.Glenmede Trust Co Na boosted its stake in GM in the latest quarter, The investment management firm added 6,941 additional shares and now holds a total of 64,959 shares of General Motors Company which is valued at $2,000,737. General Motors Company makes up approx 0.01% of Glenmede Trust Co Na’s portfolio. Ausdal Financial Partners added GM to its portfolio by purchasing 8,712 company shares during the most recent quarter which is valued at $274,776. General Motors Company makes up approx 0.14% of Ausdal Financial Partners’s portfolio.Lingohr Partner Asset Management Gmbh boosted its stake in GM in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 40,400 shares of General Motors Company which is valued at $1,299,264. General Motors Company makes up approx 1.25% of Lingohr Partner Asset Management Gmbh’s portfolio.

General Motors Company closed down -0.12 points or -0.38% at $31.8 with 1,48,98,781 shares getting traded on Thursday. Post opening the session at $31.86, the shares hit an intraday low of $31.34 and an intraday high of $32.55 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, General Motors Company reported $1.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.35 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.51. The company had revenue of $42400.00 million for the quarter, compared to analysts expectations of $37319.22 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

Investors should note that on Jul 20, 2016, General Motors Company announced a cash dividend of $0.3800. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 23, 2016.

Many Wall Street Analysts have commented on General Motors Company. General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016. Jefferies Initiated General Motors Company on Aug 9, 2016 to “Hold”, Price Target of the shares are set at $33.Company shares were Reiterated by RBC Capital Mkts on Jul 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 34 from a previous price target of $32 .

General Motors Company (General Motors) designs builds and sells cars trucks and automobile parts across the world. The Company also provides automotive financing services through General Motors Financial Company Inc. (GM Financial). The Company’s four automotive segments include GM North America (GMNA) GM Europe (GME) GM International Operations (GMIO) and GM South America (GMSA). The Company also sells cars and trucks to fleet customers including daily rental car companies commercial fleet customers leasing companies and governments. The Company offers 13 FlexFuel vehicles in the United States for the 2015 model year plus an additional four models to fleet and commercial customers capable of operating on gasoline E85 ethanol or any combination of the two.

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