Simplex Trading adds General Motors Company (GM) to its portfolio

General Motors Company (GM) : Simplex Trading added new position in General Motors Company during the most recent quarter end. The investment management firm now holds 60,458 shares of General Motors Company which is valued at $1,955,212 , the company said in a statement filed on Oct 7, 2016 with the SEC.General Motors Company makes up approximately 0.25% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in GM in the latest quarter, The investment management firm added 8,592 additional shares and now holds a total of 28,820 shares of General Motors Company which is valued at $932,039. General Motors Company makes up approx 0.18% of Advisory Services Network’s portfolio.Summit Financial Wealth Advisors boosted its stake in GM in the latest quarter, The investment management firm added 3,120 additional shares and now holds a total of 20,536 shares of General Motors Company which is valued at $671,116. General Motors Company makes up approx 0.29% of Summit Financial Wealth Advisors’s portfolio. New England Research Management added GM to its portfolio by purchasing 10,695 company shares during the most recent quarter which is valued at $349,513. General Motors Company makes up approx 0.29% of New England Research Management’s portfolio.Washington Trust Bank boosted its stake in GM in the latest quarter, The investment management firm added 166 additional shares and now holds a total of 13,661 shares of General Motors Company which is valued at $446,441. General Motors Company makes up approx 0.11% of Washington Trust Bank’s portfolio.Beacon Financial Group boosted its stake in GM in the latest quarter, The investment management firm added 2,250 additional shares and now holds a total of 14,536 shares of General Motors Company which is valued at $475,036. General Motors Company makes up approx 0.10% of Beacon Financial Group’s portfolio.

General Motors Company closed down -0.19 points or -0.58% at $32.34 with 89,09,389 shares getting traded on Friday. Post opening the session at $32.5, the shares hit an intraday low of $32.05 and an intraday high of $32.6 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Many Wall Street Analysts have commented on General Motors Company. Nomura Initiated General Motors Company on Sep 20, 2016 to “Neutral”, Price Target of the shares are set at $33.Company shares were Upgraded by Morgan Stanley on Sep 19, 2016 to ” Overweight”, Firm has raised the Price Target to $ 37 from a previous price target of $29 .General Motors Company was Initiated by Seaport Global Securities to “Buy” on Aug 9, 2016.

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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