General Motors Company on Focus After Bullish Options Activity

 General Motors Company on Focus After Bullish Options Activity

In today’s session General Motors Company (GM) registered an unusually high (540) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious GM increase. With 540 contracts traded and 39304 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: GM180119C00033000 closed last at: $3.85 or 2.7% up. About 4.38 million shares traded hands. General Motors Company (NYSE:GM) has risen 7.20% since April 25, 2016 and is uptrending. It has outperformed by 1.18% the S&P500.

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 1. They expect $1.20 EPS, down 13.67% or $0.19 from last year’s $1.39 per share. GM’s profit will be $1.85 billion for 7.11 P/E if the $1.20 EPS becomes a reality. After $1.72 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts -30.23% negative EPS growth.

General Motors Company (NYSE:GM) Ratings Coverage

Out of 16 analysts covering General Motors Company (NYSE:GM), 8 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 50% are positive. General Motors Company has been the topic of 38 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of General Motors Company (NYSE:GM) has “Underweight” rating given on Monday, August 24 by Morgan Stanley. The stock of General Motors Company (NYSE:GM) has “Sector Perform” rating given on Friday, July 24 by RBC Capital Markets. Nomura initiated the stock with “Neutral” rating in Tuesday, September 20 report. The stock of General Motors Company (NYSE:GM) has “Neutral” rating given on Wednesday, October 26 by Bank of America. The firm has “Hold” rating by Vetr given on Tuesday, August 11. The company was upgraded on Monday, September 19 by Morgan Stanley. The stock of General Motors Company (NYSE:GM) has “Overweight” rating given on Tuesday, April 19 by JP Morgan. The company was maintained on Friday, September 18 by S&P Research. The stock has “Buy” rating given by UBS on Friday, October 2. Citigroup maintained it with “Buy” rating and $50 target price in Monday, May 16 report.

According to Zacks Investment Research, “General Motors Company is engaged in the designing, manufacturing and retailing of vehicles globally including passenger cars, crossover vehicles, and light trucks, sport utility vehicles, vans and other vehicles. Its business is organized into three geographically-based segments- General Motors North America (GMNA), General Motors International Operations (GMIO) and General Motors Europe (GME). General Motors Company is headquartered in Detroit, Michigan, the United States of America.”

Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.05, from 1.09 in 2016Q1. The ratio is positive, 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.
Qci Asset Mgmt Ny reported 20 shares or 0% of all its holdings. Cornerstone Advisors Inc owns 463 shares or 0.01% of their US portfolio. Virginia Retirement Et Al has invested 0.33% of its portfolio in General Motors Company (NYSE:GM). Moreover, Gluskin Sheff & Associates has 1.98% invested in General Motors Company (NYSE:GM) for 806,885 shares. Dnb Asset As has 0% invested in the company for 122,582 shares. First Allied Advisory Services Inc owns 45,297 shares or 0.07% of their US portfolio. Hightower Ltd Co, a Illinois-based fund reported 288,117 shares. Moreover, Principal Fincl Gru has 0.08% invested in General Motors Company (NYSE:GM) for 1.97 million shares. Blackrock Fund Advisors owns 16.49 million shares or 0.1% of their US portfolio. Farmers & Merchants Inc holds 0% of its portfolio in General Motors Company (NYSE:GM) for 395 shares. Banque Pictet Cie owns 13,910 shares or 0.01% of their US portfolio. Oppenheimer & owns 144,205 shares or 0.12% of their US portfolio. Silver Mgmt Ltd Liability, a New York-based fund reported 11,605 shares. The Ontario – Canada-based Cibc Asset Mgmt has invested 0.03% in General Motors Company (NYSE:GM). Sumitomo Life, a Japan-based fund reported 72,949 shares.

General Motors Company designs, builds and sells cars, trucks, crossovers and automobile parts. The company has a market cap of $52.60 billion. The Firm provides automotive financing services through General Motors Financial Company, Inc. . It has a 3.9 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.

GM Company Profile

General Motors Company, incorporated on August 11, 2009, designs, manufactures and sells cars, trucks, crossovers and automobile parts. The Firm provides automotive financing services through General Motors Financial Company, Inc. (GM Financial). The Company’s divisions include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO), GM South America (GMSA) and GM Financial. The GMNA segment offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet and GMC brands in North America. The Firm offers vehicles developed, manufactured and/or marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands outside North America.

More notable recent General Motors Company (NYSE:GM) news were published by: Investorplace.com which released: “For Ford Motor Company (F) and General Motors Company (GM), Trade Trumps Trump” on November 28, 2016, also Fortune.com with their article: “General Motors to Lay Off 2000 Employees in Ohio and Michigan” published on November 09, 2016, Fool.com published: “Ford Motor Company’s US Sales Are Slipping as General Motors Gains” on November 02, 2016. More interesting news about General Motors Company (NYSE:GM) were released by: Patch.com and their article: “General Motors Partners with Other Companies for Landfill-Free Solution” published on November 21, 2016 as well as Fool.com‘s news article titled: “Why Donald Trump’s NAFTA Plan Will Cost Ford and General Motors Billions” with publication date: November 13, 2016.

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