Europe sale drags GM to a Q3 loss; operating profit falls 31%

GM announced the Opel  Vauxhall sale just before the opening of the 2017 Geneva Motor Show

However, spending on autonomous vehicles and ride services amounted to just US$150 million in the latest quarter, the company indicated in its financial report. Fishman Jay A Ltd Mi has 0% invested in General Motors Company (NYSE:GM). 8,655,166 shares of the company's stock traded hands. Boyd Watterson Asset Mgmt Limited Com Oh holds 0.48% of its portfolio in General Motors Company (NYSE:GM) for 27,000 shares. Rand Wealth Limited Liability Corporation has invested 0.2% in General Motors Company (NYSE:GM).

In other news, Director Jane L. Mendillo bought 1,440 shares of the firm's stock in a transaction that occurred on Friday, August 18th. Eagle Management Ltd Limited Liability Company has invested 2.43% of its portfolio in General Motors Company (NYSE:GM). The fund owned 79,154 shares of the auto manufacturer's stock after purchasing an additional 32,741 shares during the quarter.

While, GM deliveries in China were up 12.3 percent over the third quarter of 2016, setting a record for the period, the carmaker's automotive sales fell 16.6 percent in the quarter to $30.5 billion from $36.5 billion a year earlier. Miller Howard Investments Inc accumulated 25,897 shares or 0.02% of the stock. Strs Ohio's holdings in General Motors Company were worth $74,393,000 as of its most recent SEC filing. General Motors Company has a 1-year low of $30.21 and a 1-year high of $46.76. RBC Capital Markets has "Sector Perform" rating and $38 target.

General Motors Company (NYSE:GM) last released its earnings results on Tuesday, October 25th.

General Motors Co posted stronger-than-expected pre-tax profit for the third quarter before charges related to the sale of its European operations, and shares jumped as GM reaffirmed its full-year earnings outlook and a promise to slash stocks of unsold vehicles. General Motors Company had a return on equity of 23.22% and a net margin of 8.58%. In the last earnings report the EPS was $5.75 and is projected to be $6.12 for the current year with 1,457,208,000 shares now outstanding. The business's quarterly revenue was down 16.6% compared to the same quarter previous year.

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Since the scandal has exploded, Weinstein has been fired from the Weinstein Co., which he co-founded. Weinstein's representative Sallie Hofmeister responded to these allegations, telling The Post "Mr.

Nevertheless, the financial results for the period from July through the end of September equaled $1.32 a share, which beat expectations on Wall Street. The ex-dividend date of this dividend was Monday, December 5th. Vanguard Group Inc is the second biggest holder with 93 million shares now valued at 3.26 B million whilst Harris Associates L.P. has 62 million shares valued at 2.17 B million. Moreover, Prentiss Smith & has 0.04% invested in General Motors Company (NYSE:GM).

GM has been the topic of a number of research reports.

GM said on Tuesday it was on track to meet its goal of 70 days' supply of vehicles in United States by the end of the year. Standpoint Research downgraded General Motors Company (NYSE:GM) on Thursday, September 14 to "Hold" rating.

Traders are feeling more bearish of late as indicated by the motion in short interest. On September 21 Morgan Stanley left the stock rating at "Overweight" but moved up the price target to $43.00 from $40.00. BTIG Research maintained the shares of CERS in report on Friday, May 26 with "Buy" rating. The stock has a consensus rating of "Buy" and a consensus target price of $42.50. The shares were sold at an average price of $35.80, for a total transaction of $572,800.00. Following the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

General Motors will continue to reduce production of passenger cars in order to retool its product mix in favor of the trucks, SUV's and crossovers customers are buying, Chief Financial Officer Chuck Stevens told investors Tuesday. 15,600 are held by Duff Phelps Inv. Illinois-based Whitnell & has invested 0% in General Motors Company (NYSE:GM).

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