Analysts Have Changed Their Minds On Two of These Three Stocks, What Do Hedge Funds Think?

RBC Capital Markets reiterated its ‘Sector Perform’ rating for General Motors Company (NYSE:GM) and kept its price target unchanged at $38 per share. GM has largely moved on from its recall issues and the recent Volkswagen scandal could boost its quarterly sales numbers. A weak Chinese economy and slowing vehicle sales in the nation do concern investors, however.

Hedge funds were mixed on General Motors Company (NYSE:GM) from April 1 to June 30. Although the number of funds long GM increased to 104 from 103, the total value of their holdings in the stock declined to $5.78 billion (representing 10.90% of the float) from $6.74 billion. Warren Buffett‘s Berkshire Hathaway is the largest shareholder, with 41.0 million shares, while David Tepper’s Appaloosa Management is second with 18.8 million shares.

Disclosure: None