Oldfield Partners Llp Stake in General Motors Co (GM) Lowered by $2.99 Million as Share Value Declined; Edgestream Partners LP Has Increased Aon Plc (AON) Stake by $866,802

February 23, 2018 - By Hazel Jackson

Edgestream Partners Lp increased its stake in Aon Plc (AON) by 121.73% based on its latest 2017Q3 regulatory filing with the SEC. Edgestream Partners Lp bought 5,937 shares as the company’s stock rose 8.30% with the market. The hedge fund held 10,814 shares of the specialty insurers company at the end of 2017Q3, valued at $1.58 million, up from 4,877 at the end of the previous reported quarter. Edgestream Partners Lp who had been investing in Aon Plc for a number of months, seems to be bullish on the $34.09B market cap company. The stock decreased 0.51% or $0.71 during the last trading session, reaching $138.41. About 26,477 shares traded. Aon plc (NYSE:AON) has risen 21.47% since February 23, 2017 and is uptrending. It has outperformed by 4.77% the S&P500.

Oldfield Partners Llp decreased its stake in General Motors Co (GM) by 1.37% based on its latest 2017Q3 regulatory filing with the SEC. Oldfield Partners Llp sold 74,700 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 5.39M shares of the auto manufacturing company at the end of 2017Q3, valued at $217.76M, down from 5.47 million at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in General Motors Co for a number of months, seems to be less bullish one the $57.52 billion market cap company. The stock increased 0.24% or $0.1 during the last trading session, reaching $41.01. About 213,981 shares traded. General Motors Company (NYSE:GM) has risen 7.92% since February 23, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.




Edgestream Partners Lp, which manages about $182.85 million and $187.71 million US Long portfolio, decreased its stake in Northrop Grumman Corp (NYSE:NOC) by 1,085 shares to 7,154 shares, valued at $2.06M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IWB) by 2,643 shares in the quarter, leaving it with 2,391 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

Among 15 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. Aon Corporation had 48 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, October 27 by Jefferies. The firm has “Buy” rating given on Friday, February 2 by Jefferies. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Keefe Bruyette & Woods on Monday, December 4. The stock of Aon plc (NYSE:AON) has “Hold” rating given on Monday, October 9 by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, January 16 by William Blair. The rating was maintained by Jefferies on Friday, June 16 with “Buy”. As per Wednesday, June 21, the company rating was downgraded by Janney Capital. The rating was upgraded by Keefe Bruyette & Woods on Monday, November 21 to “Outperform”. The firm earned “Sell” rating on Tuesday, August 4 by Zacks. As per Monday, August 3, the company rating was initiated by Janney Capital.

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. Bnp Paribas Arbitrage Sa holds 0.15% or 1.49M shares in its portfolio. Old Mutual Customised Solutions (Proprietary) reported 0.22% in General Motors Company (NYSE:GM). Camarda Financial Advsrs Ltd Liability stated it has 0.03% of its portfolio in General Motors Company (NYSE:GM). Texas Yale Cap invested in 24,275 shares or 0.08% of the stock. Btc Incorporated holds 86,525 shares. Missouri-based American Century Companies has invested 0.03% in General Motors Company (NYSE:GM). Nippon Life Insur stated it has 0.04% in General Motors Company (NYSE:GM). Wasatch Advsrs Inc has 0.04% invested in General Motors Company (NYSE:GM). Leuthold Grp Lc holds 182,265 shares or 0.74% of its portfolio. First Personal Fincl Service holds 0.01% or 788 shares in its portfolio. Wall Street Access Asset Ltd Liability Corp owns 8,924 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.66% of its portfolio in General Motors Company (NYSE:GM) for 182,061 shares. Harris Assocs Lp invested 4.19% of its portfolio in General Motors Company (NYSE:GM). Gemmer Asset Limited Company, California-based fund reported 288 shares. Goldman Sachs Incorporated stated it has 23.65M shares or 0.23% of all its holdings.

Analysts await General Motors Company (NYSE:GM) to report earnings on April, 27. They expect $1.31 earnings per share, down 22.94% or $0.39 from last year’s $1.7 per share. GM’s profit will be $1.84 billion for 7.83 P/E if the $1.31 EPS becomes a reality. After $1.65 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts -20.61% negative EPS growth.

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