Brandywine Global Investment Management LLC Stake in General Mtrs Co (GM) Decreased as Share Price Declined

January 23, 2018 - By Darrin Black

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It turned negative, 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. 203,983 were reported by Proshare Advsr Lc. Tower Ltd Limited Liability Company (Trc) holds 0.01% or 1,632 shares in its portfolio. Brown Brothers Harriman And has 1,241 shares for 0% of their portfolio. Washington Tru Commercial Bank owns 0.12% invested in General Motors Company (NYSE:GM) for 18,831 shares. Hourglass Ltd stated it has 291,259 shares or 2.8% of all its holdings. Sigma Planning, a Michigan-based fund reported 22,560 shares. Acadian Asset Mgmt Ltd owns 341,627 shares for 0.06% of their portfolio. Cypress Cap Management (Wy) holds 0% or 1 shares in its portfolio. Wolverine Asset Management Lc invested 0.03% of its portfolio in General Motors Company (NYSE:GM). Dynamic Advisors Solutions Lc has 0.84% invested in General Motors Company (NYSE:GM). Barry Investment Lc holds 5,499 shares or 0.08% of its portfolio. 187,040 were accumulated by Croft. Bb&T holds 0.29% or 375,461 shares. Moreover, Bkd Wealth Advisors Ltd Liability Company has 0.34% invested in General Motors Company (NYSE:GM). 1832 Asset Management Limited Partnership owns 0% invested in General Motors Company (NYSE:GM) for 7,728 shares.

Brandywine Global Investment Management Llc decreased its stake in General Mtrs Co (GM) by 3.64% based on its latest 2017Q3 regulatory filing with the SEC. Brandywine Global Investment Management Llc sold 248,105 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 6.56 million shares of the auto manufacturing company at the end of 2017Q3, valued at $265.01M, down from 6.81M at the end of the previous reported quarter. Brandywine Global Investment Management Llc who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $61.49 billion market cap company. The stock increased 0.32% or $0.14 during the last trading session, reaching $43.29. About 19.56M shares traded or 49.59% up from the average. General Motors Company (NYSE:GM) has risen 7.92% since January 23, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Brandywine Global Investment Management Llc, which manages about $52.46B and $15.78B US Long portfolio, upped its stake in Sanderson Farms Inc (NASDAQ:SAFM) by 21,938 shares to 86,215 shares, valued at $13.93M in 2017Q3, according to the filing. It also increased its holding in Aflac Inc (NYSE:AFL) by 39,709 shares in the quarter, for a total of 402,045 shares, and has risen its stake in Dollar Gen Corp New (NYSE:DG).

Analysts await General Motors Company (NYSE:GM) to report earnings on February, 6. They expect $1.29 earnings per share, up 0.78 % or $0.01 from last year’s $1.28 per share. GM’s profit will be $1.83 billion for 8.39 P/E if the $1.29 EPS becomes a reality. After $1.32 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -2.27 % negative EPS growth.

More notable recent General Motors Company (NYSE:GM) news were published by: Reuters.com which released: “Exclusive: GM, DHL use a Chinese plant to lead manufacturing change” on January 17, 2018, also Fool.com with their article: “What to Expect From General Motors Company in 2018” published on January 12, 2018, Reuters.com published: “GM races to build a formula for profitable electric cars” on January 09, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Fool.com and their article: “General Motors Still Gets No Respect From Investors” published on January 22, 2018 as well as Cnbc.com‘s news article titled: “GM sees flat 2018 earnings, with sales of pickups picking up in 2019” with publication date: January 16, 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 84 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of General Motors Company (NYSE:GM) has “Hold” rating given on Thursday, September 14 by Standpoint Research. On Wednesday, June 28 the stock rating was maintained by Morgan Stanley with “Overweight”. Macquarie Research initiated the shares of GM in report on Thursday, December 1 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, January 16 by RBC Capital Markets. On Tuesday, October 24 the stock rating was maintained by Piper Jaffray with “Buy”. As per Wednesday, February 24, the company rating was initiated by Morgan Stanley. S&P Research maintained the shares of GM in report on Friday, September 18 with “Strong Buy” rating. The rating was maintained by UBS with “Buy” on Thursday, October 22. On Thursday, February 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Nomura downgraded the shares of GM in report on Wednesday, November 1 to “Hold” rating.

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