As General Mtrs Co (GM) Share Value Declined, Shareholder Kingstown Capital Management LP Trimmed by $20.00 Million Its Position; Uss Investment Management LTD Trimmed Stake in Activision Blizzard (ATVI) by $20.16 Million as Shares Rose

January 23, 2018 - By Vivian Park

Michael Blitzer decreased its stake in General Mtrs Co (GM) by 25% based on its latest 2017Q3 regulatory filing with the SEC. Kingstown Capital Management Lp sold 500,000 shares as the company’s stock declined 12.09% while stock markets rallied. The hedge fund run by Michael Blitzer held 1.50M shares of the auto manufacturing company at the end of 2017Q3, valued at $60.57 million, down from 2.00 million at the end of the previous reported quarter. Kingstown Capital Management Lp who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $61.38 billion market cap company. The stock decreased 0.18% or $0.08 during the last trading session, reaching $43.21. About 3.43 million shares traded. 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.

Uss Investment Management Ltd decreased its stake in Activision Blizzard Inc (ATVI) by 13.43% based on its latest 2017Q3 regulatory filing with the SEC. Uss Investment Management Ltd sold 315,000 shares as the company’s stock rose 23.27% with the market. The institutional investor held 2.03 million shares of the technology company at the end of 2017Q3, valued at $130.95M, down from 2.34 million at the end of the previous reported quarter. Uss Investment Management Ltd who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $54.63 billion market cap company. The stock increased 1.33% or $0.95 during the last trading session, reaching $72.25. About 2.45 million shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since January 23, 2017 and is uptrending. It has outperformed by 31.13% the S&P500.

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. Credit Suisse upgraded the shares of GM in report on Monday, January 11 to “Outperform” rating. The firm has “Hold” rating given on Wednesday, October 25 by Craig Hallum. On Friday, May 6 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The stock of General Motors Company (NYSE:GM) earned “Strong Buy” rating by S&P Research on Friday, September 18. The company was downgraded on Wednesday, January 11 by Daiwa Securities. The firm earned “Buy” rating on Monday, January 22 by RBC Capital Markets. The stock has “Buy” rating by Deutsche Bank on Monday, September 25. The firm earned “Hold” rating on Thursday, September 14 by Standpoint Research. As per Wednesday, October 25, the company rating was upgraded by Citigroup. Jefferies maintained the shares of GM in report on Monday, June 12 with “Hold” rating.

Investors sentiment decreased to 0.87 in 2017 Q3. 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. American National Bank & Trust holds 1.22% or 100,870 shares in its portfolio. Jpmorgan Chase invested in 10.60 million shares. Bancorpsouth reported 63,444 shares stake. Ray Gerald L & Associates has invested 0.35% of its portfolio in General Motors Company (NYSE:GM). Moreover, Da Davidson And has 0.08% invested in General Motors Company (NYSE:GM). Wesbanco Bank has invested 0.02% in General Motors Company (NYSE:GM). Brown Brothers Harriman & reported 0% of its portfolio in General Motors Company (NYSE:GM). Bancshares Of Ny Mellon Corp holds 10.91 million shares or 0.12% of its portfolio. Qs Investors has 0.06% invested in General Motors Company (NYSE:GM) for 189,046 shares. Artemis Investment Mngmt Ltd Liability Partnership invested 3.81% in General Motors Company (NYSE:GM). Ami Invest Mngmt owns 28,170 shares or 0.71% of their US portfolio. Utd Service Automobile Association stated it has 460,467 shares or 0.05% of all its holdings. Parkside Commercial Bank & Tru reported 807 shares or 0.01% of all its holdings. Comerica Commercial Bank, a Michigan-based fund reported 384,745 shares. Janney Montgomery Scott owns 0.23% invested in General Motors Company (NYSE:GM) for 496,192 shares.

Kingstown Capital Management Lp, which manages about $1.19 billion and $843.25 million US Long portfolio, upped its stake in Cars Com Inc by 1.75 million shares to 2.25M shares, valued at $59.87 million in 2017Q3, according to the filing.

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 $1.83B for 8.37 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.

Uss Investment Management Ltd, which manages about $12.94 billion US Long portfolio, upped its stake in Exelon Corp (NYSE:EXC) by 23,800 shares to 200,500 shares, valued at $7.55 million in 2017Q3, according to the filing. It also increased its holding in Ingredion Inc (NYSE:INGR) by 9,600 shares in the quarter, for a total of 61,600 shares, and has risen its stake in Church & Dwight Inc (NYSE:CHD).

Among 30 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 6 Hold. Therefore 80% are positive. Activision Blizzard had 120 analyst reports since July 28, 2015 according to SRatingsIntel. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, September 15 report. On Wednesday, June 7 the stock rating was maintained by Jefferies with “Buy”. UBS maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, November 3 with “Buy” rating. As per Monday, September 28, the company rating was maintained by Piper Jaffray. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Buy”. Benchmark maintained the shares of ATVI in report on Friday, May 6 with “Buy” rating. The rating was maintained by Piper Jaffray with “Buy” on Monday, January 22. As per Wednesday, August 16, the company rating was maintained by Argus Research. The firm has “Overweight” rating given on Friday, February 12 by Barclays Capital. As per Monday, July 10, the company rating was maintained by Stifel Nicolaus.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 8. They expect $0.87 earnings per share, up 1.16% or $0.01 from last year’s $0.86 per share. ATVI’s profit will be $657.80M for 20.76 P/E if the $0.87 EPS becomes a reality. After $0.43 actual earnings per share reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 102.33% EPS growth.

Since August 7, 2017, it had 0 buys, and 3 selling transactions for $239.12 million activity. Durkin Dennis M sold $9.71 million worth of stock or 160,000 shares. The insider ZACCONI RICCARDO sold 19,761 shares worth $1.21M.

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