Anchor Bolt Capital LP Has Decreased Stake in General Mtrs Co (GM) as Market Value Declined

February 14, 2018 - By Darrin Black

Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.15, from 1.02 in 2017Q2. It worsened, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported. Picton Mahoney Asset Mngmt invested in 0.12% or 39,000 shares. Oakworth Capital invested in 663 shares. Federated Pa stated it has 95,652 shares. Grp One Trading Limited Partnership stated it has 0.03% of its portfolio in General Motors Company (NYSE:GM). Corsair Cap Management Limited Partnership reported 0.05% in General Motors Company (NYSE:GM). Da Davidson And has 0.08% invested in General Motors Company (NYSE:GM) for 97,880 shares. First Fincl In accumulated 1,350 shares or 0.04% of the stock. City owns 1,244 shares or 0.02% of their US portfolio. Advsr Capital Ltd has invested 1.66% in General Motors Company (NYSE:GM). First Interstate Bankshares holds 840 shares. Axa invested in 1.94M shares or 0.34% of the stock. Eqis holds 64,181 shares or 0.14% of its portfolio. Commercial Bank Of America De holds 0.09% of its portfolio in General Motors Company (NYSE:GM) for 14.29 million shares. Veritable LP has invested 0.05% in General Motors Company (NYSE:GM). Wellington Shields Company Limited Liability Corporation, a New York-based fund reported 75,300 shares.

Robert Polak decreased its stake in General Mtrs Co (GM) by 19.97% based on its latest 2017Q3 regulatory filing with the SEC. Anchor Bolt Capital Lp sold 469,216 shares as the company’s stock declined 12.09% while stock markets rallied. The hedge fund run by Robert Polak held 1.88 million shares of the auto manufacturing company at the end of 2017Q3, valued at $75.93M, down from 2.35 million at the end of the previous reported quarter. Anchor Bolt Capital Lp who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $58.07B market cap company. The stock decreased 1.43% or $0.6 during the last trading session, reaching $41.4. About 8.94 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since February 14, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Anchor Bolt Capital Lp, which manages about $849.21M and $2.45 billion US Long portfolio, upped its stake in Timken Co (NYSE:TKR) by 259,028 shares to 425,625 shares, valued at $20.66 million in 2017Q3, according to the filing. It also increased its holding in Deere & Co (NYSE:DE) by 187,031 shares in the quarter, for a total of 388,613 shares, and has risen its stake in Westrock Co.

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “Is General Motors Finally Catching Fire?” on February 07, 2018, also Cnbc.com with their article: “General Motors will shut a South Korean plant, more cuts could follow” published on February 13, 2018, Fool.com published: “General Motors Company (GM) Q4 2017 Earnings Conference Call Transcript” on February 06, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “General Motors: Where The Rubber Meets The Road” published on February 05, 2018 as well as Usatoday.com‘s news article titled: “GM hourly workers to get $11750 profit-sharing checks” with publication date: February 06, 2018.

General Motors Company (NYSE:GM) Ratings Coverage

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company had 89 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, January 11 the stock rating was downgraded by Daiwa Securities to “Underperform”. The firm has “Buy” rating by UBS given on Wednesday, October 11. UBS maintained it with “Buy” rating and $50.0 target in Thursday, October 22 report. The firm earned “Sell” rating on Monday, October 30 by Goldman Sachs. The stock of General Motors Company (NYSE:GM) has “Buy” rating given on Monday, September 11 by Piper Jaffray. Citigroup maintained General Motors Company (NYSE:GM) on Wednesday, September 2 with “Buy” rating. The rating was maintained by Craig Hallum on Wednesday, October 25 with “Hold”. Morgan Stanley initiated General Motors Company (NYSE:GM) rating on Wednesday, February 24. Morgan Stanley has “Underweight” rating and $26 target. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, October 1. Nomura initiated General Motors Company (NYSE:GM) rating on Tuesday, September 20. Nomura has “Neutral” rating and $33 target.

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