Loews Corp Increased Its General Motors Co. (GM) Stake by $3.60 Million as Shares Declined

June 29, 2018 - By Ashley Edward

General Motors Company (NYSE:GM) Corporate LogoBig Money Sentiment increased to 1.01 in 2018 Q1. It has change of 0.11, from 2017Q4’s 0.9. The ratio improved due to GM positioning: 77 sold and 292 reduced. 90 funds bought stakes and 284 increased stakes. Investors holded 999.45 million in 2017Q4 but now own 995.41 million shares or 0.40% less. Price T Rowe Assocs Md has invested 0.02% of its capital in General Motors Company (NYSE:GM). Comerica Natl Bank has invested 0.1% of its capital in General Motors Company (NYSE:GM). Jefferies Gru Lc has invested 0.05% in General Motors Company (NYSE:GM). South Dakota Inv Council reported 35,200 shs. Amundi Pioneer Asset Mgmt accumulated 672,855 shs. Baystate Wealth Management Limited Liability Company invested in 0% or 47 shs. Moreover, Howe & Rusling Inc has 0% invested in General Motors Company (NYSE:GM). First Tru Advsrs L P, Illinois-based fund reported 778,275 shs. Voloridge Invest Management Ltd Liability Com has 1.86% invested in General Motors Company (NYSE:GM). Spark Investment Ltd Company accumulated 102,200 shs. Iat Reinsurance Company holds 0.01% or 1,228 shs. Private Ocean accumulated 86 shs or 0% of the stock. Css Lc Il has 119,337 shs. State Of Tennessee Treasury Department reported 846,552 shs or 0.16% of all its holdings. Hbk Invests Ltd Partnership holds 0.56% or 1.59 million shs in its capital.

The stake In General Motors Co. (GM) was increased held by Loews Corp. According to 2018Q1 Securities and Exchange form the decrease is 43.61%. By buying 100,000 shares Loews Corp made the stock sank with 7.80%. The institutional investor is holding 329,283 shares, compared to the 229,283 from the previous quarter. And the reported value of the auto manufacturing company is $11.97M for the 2018Q1. General Motors Co. has $56.58B MC. GM is reaching $40.14 during the last trading session, after decreased 0.94%.General Motors Company has volume of 2.76M shares. Since June 29, 2017 GM has risen 17.48% and is uptrending. The stock outperformed the S&P 500 by 4.91%.

About $14.93 billion US Long portfolio Loews Corp operates. It decreased its stake in Pfizer Inc (NYSE:PFE) by 257,340 shares to 22,207 shares, valued at $788,000 in 2018Q1, according to the filing. Loews Corp has cut its stake in Barrick Gold Corp (Call) and also reduced its holding in Anthem Inc (NYSE:ANTM) by 14,700 shares in the quarter, for a total of 2,400 shares.

For more General Motors Company (NYSE:GM) news released briefly go to: Fool.com, Fool.com, Fool.com, Fool.com or Fool.com. The titles are as follows: “Is General Motors Planning to Spin Off Its Self-Driving Unit?” released on June 21, 2018, “2 Hated Stocks That Could Prove Everybody Wrong” on June 29, 2018, “Why Is General Motors Making This Investment in Cadillac?” with a publish date: June 22, 2018, “More Proof That General Motors Isn’t Giving Up on Sedans” and the last “Will the New Chevrolet Blazer Help Sustain General Motors’ Profit Boom?” with publication date: June 28, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

Total analysts of 12 have positions in General Motors (NYSE:GM) as follows: 10 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 83%. Since January 16, 2018 according to StockzIntelligence Inc General Motors has 18 analyst reports. On Friday, June 1 the company was maintained by JP Morgan. On Tuesday, March 13 JP Morgan maintained General Motors Company (NYSE:GM) rating. JP Morgan has “Overweight” rating and $55 target. In Wednesday, February 14 report Morgan Stanley maintained it with “Equal-Weight” rating and $44 target. On Thursday, May 31 the stock of General Motors Company (NYSE:GM) earned “Buy” rating by CFRA. On Wednesday, February 7 the rating was maintained by Bank of America with “Buy”. On Thursday, April 19 the stock of General Motors Company (NYSE:GM) has “Buy” rating given by Guggenheim. On Monday, April 9 the stock of General Motors Company (NYSE:GM) has “Overweight” rating given by Morgan Stanley. In Monday, January 22 report RBC Capital Markets maintained it with “Buy” rating and $52.0 target. On Thursday, February 8 the stock of General Motors Company (NYSE:GM) has “Neutral” rating given by Nomura. The stock rating was maintained by BMO Capital Markets with “Hold” on Sunday, March 4.

General Motors Company (NYSE:GM) Institutional Investors Chart

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