Home / Stocks / Altria Group (MO) Stake Raised by Efg Asset Management Americas Corp; As General Motors Co. (GM) Valuation Declined, Diamond Hill Capital Management Has Upped by $46.21 Million Its Stake

Altria Group (MO) Stake Raised by Efg Asset Management Americas Corp; As General Motors Co. (GM) Valuation Declined, Diamond Hill Capital Management Has Upped by $46.21 Million Its Stake

Diamond Hill Capital Management Inc increased its stake in General Motors Co. (GM) by 28.99% based on its latest 2019Q1 regulatory filing with the SEC. Diamond Hill Capital Management Inc bought 1.25 million shares as the company’s stock declined 4.18% while stock markets rallied. The hedge fund held 5.56 million shares of the auto manufacturing company at the end of 2019Q1, valued at $206.17M, up from 4.31 million at the end of the previous reported quarter. Diamond Hill Capital Management Inc who had been investing in General Motors Co. for a number of months, seems to be bullish on the $52.37 billion market cap company. The stock decreased 0.11% or $0.04 during the last trading session, reaching $36.92. About 11.90M shares traded or 39.28% up from the average. General Motors Company (NYSE:GM) has risen 2.02% since June 23, 2018 and is uptrending. It has underperformed by 2.41% the SP500. Some Historical GM News: 28/03/2018 – Moody’s assigns definitive ratings to GMF Floorplan Owner Revolving Trust, Series 2018-2 Notes; 04/05/2018 – Gentex Recognized as 2017 Supplier of the Year by General Motors; 11/05/2018 – GM – UNDER VIABILITY PLAN, CO WILL DESIGN, ENGINEER MANUFACTURE ALL-NEW SMALL SUV FOR KOREA AND EXPORT MARKETS; 27/04/2018 – GM CEO’s Pay Slips a Second Year After Board Set Tougher Targets; 15/03/2018 – GM’s S.Korean union says will not demand pay rise; calls for job security; 05/04/2018 – KIWI PROPERTY NAMES LINDA TRAINER AS GM FOR RETAIL PORTFOLIO; 04/04/2018 – HOLD/ EMBARGOED-Peugeot to build new van at UK Vauxhall plant; 25/04/2018 – Pioneer Press: Source: Wild GM frontrunner Paul Fenton in town for initial interview; 20/04/2018 – GM KOREA’S LABOUR UNION WILL CONTINUE TALKS WITH MANAGEMENT BY MONDAY – UNION OFFICIAL; 08/04/2018 – As GM union faces big job losses, South Koreans turn cold shoulder

Efg Asset Management Americas Corp increased its stake in Altria Group Inc (MO) by 64.23% based on its latest 2019Q1 regulatory filing with the SEC. Efg Asset Management Americas Corp bought 8,999 shares as the company’s stock rose 6.39% with the market. The institutional investor held 23,010 shares of the farming and se and milling company at the end of 2019Q1, valued at $1.35M, up from 14,011 at the end of the previous reported quarter. Efg Asset Management Americas Corp who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $89.80 billion market cap company. The stock decreased 4.50% or $2.26 during the last trading session, reaching $48. About 23.00M shares traded or 187.54% up from the average. Altria Group, Inc. (NYSE:MO) has declined 5.25% since June 23, 2018 and is downtrending. It has underperformed by 9.68% the SP500.

Investors sentiment increased to 1.03 in Q1 2019. Its up 0.29, from 0.74 in 2018Q4. It increased, as 56 investors sold GM shares while 267 reduced holdings. 86 funds opened positions while 247 raised stakes. 1.16 billion shares or 9.06% more from 1.06 billion shares in 2018Q4 were reported. Stanley Capital Mgmt Ltd Llc holds 2.9% or 159,837 shares. Atria Invests Limited Co stated it has 47,402 shares. Wells Fargo Mn has 5.91 million shares for 0.07% of their portfolio. Tower Rech Capital Limited Liability Corp (Trc) reported 0.06% in General Motors Company (NYSE:GM). 78 were accumulated by Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma. Heritage Invsts reported 47,463 shares. Kemnay Advisory Inc, New York-based fund reported 29,350 shares. Commercial Bank Of The West holds 128,261 shares. Peoples reported 100 shares. Ameritas Prtnrs accumulated 23,155 shares or 0.04% of the stock. Cetera Advisor Netwr Limited has invested 0.05% in General Motors Company (NYSE:GM). Gradient Investments Lc accumulated 1,542 shares. Ironwood Finance Ltd Llc accumulated 98 shares. Exane Derivatives holds 0% or 6,266 shares in its portfolio. Zebra Mgmt Lc accumulated 29,780 shares or 0.59% of the stock.

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “GM finds an EV charging station partner – Seeking Alpha” on May 28, 2019, also Finance.Yahoo.com with their article: “Investors Are Still Underestimating GM and Ford – Yahoo Finance” published on May 27, 2019, Benzinga.com published: “The Byzantine World Of High-Tech Transportation – Benzinga” on June 13, 2019. More interesting news about General Motors Company (NYSE:GM) were released by: Nasdaq.com and their article: “Morgan Stanley Perfectly Sums Up the Dilemma For Tesla Stock Investors – Nasdaq” published on June 21, 2019 as well as Benzinga.com‘s news article titled: “Workhorse Group Raises $25M To Fund RD, Completion Of Electric Van – Benzinga” with publication date: June 10, 2019.

Diamond Hill Capital Management Inc, which manages about $12.19B and $18.18 billion US Long portfolio, decreased its stake in Aaron’s Inc. (NYSE:AAN) by 391,935 shares to 903,106 shares, valued at $47.50M in 2019Q1, according to the filing. It also reduced its holding in Juniper Networks Inc. (NYSE:JNPR) by 18,593 shares in the quarter, leaving it with 1.61M shares, and cut its stake in Metlife Inc. (NYSE:MET).

Efg Asset Management Americas Corp, which manages about $1.65 billion and $329.29M US Long portfolio, decreased its stake in Svb Finl Group (NASDAQ:SIVB) by 5,917 shares to 23,244 shares, valued at $5.17M in 2019Q1, according to the filing. It also reduced its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 1,379 shares in the quarter, leaving it with 4,978 shares, and cut its stake in Servicenow Inc (NYSE:NOW).

Since February 21, 2019, it had 2 insider purchases, and 0 insider sales for $122,481 activity.