Avior Wealth Management LLC Has $546,000 Position in General Motors (NYSE:GM)

Avior Wealth Management LLC decreased its stake in General Motors (NYSE:GM) (TSE:GMM.U) by 63.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,248 shares of the auto manufacturer’s stock after selling 17,928 shares during the period. Avior Wealth Management LLC’s holdings in General Motors were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in General Motors during the 2nd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of General Motors during the third quarter worth $27,000. Truvestments Capital LLC bought a new position in General Motors during the third quarter worth $27,000. Sugar Maple Asset Management LLC acquired a new position in General Motors in the fourth quarter valued at $31,000. Finally, Eastern Bank bought a new stake in General Motors during the third quarter valued at $34,000. 92.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Rory Harvey sold 8,919 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $60.01, for a total value of $535,229.19. Following the transaction, the executive vice president now owns 8,513 shares in the company, valued at $510,865.13. The trade was a 51.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Craig B. Glidden sold 383,142 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $56.63, for a total value of $21,697,331.46. Following the sale, the executive vice president now directly owns 122,465 shares of the company’s stock, valued at $6,935,192.95. The trade was a 75.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 514,344 shares of company stock worth $28,977,691. 0.72% of the stock is owned by insiders.

General Motors Price Performance

GM opened at $53.95 on Friday. General Motors has a 1 year low of $34.71 and a 1 year high of $61.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.21 and a quick ratio of 1.03. The company has a market capitalization of $59.32 billion, a price-to-earnings ratio of 5.75, a P/E/G ratio of 0.38 and a beta of 1.42. The firm’s fifty day moving average price is $53.17 and its two-hundred day moving average price is $49.85.

Analysts Set New Price Targets

Several research firms have recently weighed in on GM. HSBC lowered General Motors from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, December 11th. Sanford C. Bernstein boosted their price target on General Motors from $53.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Hsbc Global Res cut General Motors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 11th. Mizuho lifted their price objective on shares of General Motors from $59.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley raised shares of General Motors from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $46.00 to $54.00 in a research note on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, General Motors currently has an average rating of “Hold” and an average price target of $61.17.

General Motors Company Profile

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names.