Bearish Options Activity on General Motors Company After Worse Fundamentals


 Bearish Options Activity on General Motors Company After Worse Fundamentals

In today’s session General Motors Company (GM) recorded an unusually high (580) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious GM decrease. With 580 contracts traded and 10714 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: GM170120P00033000 closed last at: $2.55 or 8.3% down. About 8.51 million shares traded hands. General Motors Company (NYSE:GM) has risen 6.76% since March 1, 2016 and is uptrending. It has underperformed by 2.48% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on October, 19. They expect $1.43 earnings per share, down 4.67% or $0.07 from last year’s $1.5 per share. GM’s profit will be $2.25 billion for 5.64 P/E if the $1.43 EPS becomes a reality. After $1.86 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -23.12% negative EPS growth.

General Motors Company (NYSE:GM) Ratings Coverage

Out of 14 analysts covering General Motors Company (NYSE:GM), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. $57 is the highest target while $26 is the lowest. The $39.28 average target is 21.84% above today’s ($32.24) stock price. General Motors Company has been the topic of 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Equalweight” rating in Monday, January 25 report. The firm earned “Neutral” rating on Monday, September 21 by Deutsche Bank. Morgan Stanley upgraded General Motors Company (NYSE:GM) on Friday, May 6 to “Equal-Weight” rating. Morgan Stanley initiated General Motors Company (NYSE:GM) rating on Wednesday, February 24. Morgan Stanley has “Underweight” rating and $26 price target. As per Tuesday, April 19, the company rating was maintained by JP Morgan. On Monday, May 16 the stock rating was maintained by Citigroup with “Buy”. RBC Capital Markets maintained General Motors Company (NYSE:GM) rating on Thursday, February 4. RBC Capital Markets has “Sector Perform” rating and $30 price target. The firm has “Hold” rating given on Tuesday, August 9 by Jefferies. RBC Capital Markets maintained the shares of GM in a report on Friday, July 24 with “Sector Perform” rating. The stock of General Motors Company (NYSE:GM) earned “Overweight” rating by Piper Jaffray on Friday, June 10.

Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.03, from 1.12 in 2016Q1. The ratio fall, as 85 funds sold all General Motors Company shares owned while 275 reduced positions. 66 funds bought stakes while 326 increased positions. They now own 1.08 billion shares or 4.97% less from 1.13 billion shares in 2016Q1.
Atlantic Tru Limited Liability Company owns 60,129 shares or 0.01% of their US portfolio. Hallmark holds 0.21% or 48,924 shares in its portfolio. American Assets Inv Management owns 214,500 shares or 1.48% of their US portfolio. Shell Asset has invested 0.1% of its portfolio in General Motors Company (NYSE:GM). Diam Co Limited owns 133,866 shares or 0.06% of their US portfolio. Coldstream Cap Mngmt accumulated 64,989 shares or 0.33% of the stock. Bank Of New York Mellon has invested 0.11% of its portfolio in General Motors Company (NYSE:GM). Regentatlantic Cap Llc has 240,389 shares for 0.66% of their US portfolio. Employees Retirement Association Of Colorado last reported 0.07% of its portfolio in the stock. The Germany-based Allianz Asset Mgmt Ag has invested 0.2% in General Motors Company (NYSE:GM). Moreover, Stellar Cap Mngmt Ltd Liability Corp has 1.1% invested in General Motors Company (NYSE:GM) for 35,731 shares. Krasney Ltd Liability holds 202,036 shares or 1.32% of its portfolio. Natixis Asset has 23,568 shares for 0.07% of their US portfolio. The South Dakota-based First Comml Bank Sioux Falls has invested 0.14% in General Motors Company (NYSE:GM). Lehman Res has invested 0.89% of its portfolio in General Motors Company (NYSE:GM).

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company has a market cap of $50.67 billion. The Firm provides automotive financing services through General Motors Financial Company, Inc. . It has a 4.11 P/E ratio. The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial.

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