Top 5 Stock Picks of Charles Paquelet’s Skylands Capital

4. General Motors Company (NYSE:GM)

Skylands Capital’s Stake Value: $38.6 million
Percentage of Skylands Capital’s 13F Portfolio: 4.77%
Number of Hedge Fund Holders: 86

General Motors Company (NYSE:GM) is a leading multinational automotive corporation that designs and manufactures automobiles. The company operates through its multiple brands, which include Chevrolet, GMC and Cadillac.

On October 26, the company announced a new community charging program to install up to 40,000 Level 2 EV chargers across the United States and Canada, including in underserved, rural and urban communities where charger access is limited. This initiative, which begins in 2022, is part of the company’s recently announced commitment to invest nearly $750 million to expand home, workplace and public charging infrastructure through its Ultium Charge 360 ecosystem.

As of Q3 2021, Skylands Capital holds 733,975 shares of General Motors Company (NYSE:GM). These shares are valued at $38.6 million and represent 4.77% of the hedge fund’s total portfolio value. At the end of the second quarter of 2021, 86 hedge funds in the database of Insider Monkey held stakes worth $7.41 billion in General Motors Company (NYSE:GM). The number of hedge funds that held stakes in the automotive manufacturing company remained the same for the first and second quarters of 2021.

Earlier on October 22, Barclays analyst Brian Johnson raised his price target on General Motors Company (NYSE:GM) to $70 from $68, and maintained an Overweight rating on the shares of the company.

Warren Buffett’s Berkshire Hathaway is the leading shareholder in General Motors Company (NYSE:GM), with over 60 million shares worth more than $3.55 billion.