Anchor Bolt Capital LP Has Lowered General Mtrs Co (GM) Stake, Kaman (KAMN) Has 1.26 Sentiment

June 26, 2017 - By Louis Casey

Kaman Corporation conducts business in the aerospace and distribution markets. The company has market cap of $1.34 billion. The Firm operates through two divisions: Distribution and Aerospace. It has a 25.25 P/E ratio. The Company’s brands include KAflex, KAron and K-MAX.

Anchor Bolt Capital Lp decreased General Mtrs Co (GM) stake by 38.19% reported in 2016Q4 SEC filing. Anchor Bolt Capital Lp sold 1.61 million shares as General Mtrs Co (GM)’s stock declined 12.09%. The Anchor Bolt Capital Lp holds 2.60M shares with $90.66M value, down from 4.21 million last quarter. General Mtrs Co now has $52.16B valuation. The stock rose 1.02% or $0.35 reaching $34.55. About 7.54 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since June 26, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Among 22 analysts covering General Motors Company (NYSE:GM), 10 have Buy rating, 2 Sell and 10 Hold. Therefore 45% are positive. General Motors Company had 44 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, August 11 by Vetr. The rating was maintained by S&P Research on Friday, September 18 with “Strong Buy”. The firm earned “Strong-Buy” rating on Friday, March 31 by Tigress Financial. The stock has “Buy” rating by UBS on Friday, July 24. The rating was initiated by Berenberg on Tuesday, November 22 with “Sell”. The firm has “Overweight” rating by JP Morgan given on Tuesday, April 19. The stock of General Motors Company (NYSE:GM) has “Hold” rating given on Wednesday, October 14 by Deutsche Bank. Macquarie Research initiated the shares of GM in report on Thursday, December 1 with “Outperform” rating. The stock of General Motors Company (NYSE:GM) earned “Buy” rating by Seaport Global on Tuesday, August 9. The firm has “Buy” rating by UBS given on Friday, October 2.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 20. They expect $1.75 earnings per share, down 5.91% or $0.11 from last year’s $1.86 per share. GM’s profit will be $2.64B for 4.94 P/E if the $1.75 EPS becomes a reality. After $1.70 actual earnings per share reported by General Motors Company for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.06, from 1.14 in 2016Q3. It turned negative, as 73 investors sold GM shares while 302 reduced holdings. 128 funds opened positions while 277 raised stakes. 1.06 billion shares or 1.29% more from 1.05 billion shares in 2016Q3 were reported. Guggenheim Cap Limited Liability accumulated 1.93M shares or 0.19% of the stock. Texas Permanent School Fund accumulated 0.19% or 415,539 shares. Btc Capital Mgmt holds 0.6% or 87,158 shares. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest has 0.09% invested in General Motors Company (NYSE:GM) for 284,200 shares. Gemmer Asset Lc stated it has 0% of its portfolio in General Motors Company (NYSE:GM). Blackrock Institutional Tru Com Na holds 37.67 million shares or 0.19% of its portfolio. Tiaa Cref Inv Mgmt Ltd Llc reported 0.12% stake. Moreover, Blackrock Advsrs Limited Liability Corporation has 0.02% invested in General Motors Company (NYSE:GM). Moreover, Us Natl Bank De has 0.03% invested in General Motors Company (NYSE:GM). Bryn Mawr reported 6,779 shares. Supplemental Annuity Collective Trust Of Nj has 30,000 shares for 0.49% of their portfolio. Wilsey Asset Management holds 6.25% in General Motors Company (NYSE:GM) or 252,457 shares. Piedmont Investment Advsr Limited Liability Company owns 0% invested in General Motors Company (NYSE:GM) for 294,963 shares. Alps Advsr reported 0.26% in General Motors Company (NYSE:GM). Ontario – Canada-based National Bank Of Montreal Can has invested 0.16% in General Motors Company (NYSE:GM).

Anchor Bolt Capital Lp increased Bunge Limited (NYSE:BG) stake by 520,770 shares to 840,244 valued at $60.70M in 2016Q4. It also upped Cheniere Energy Inc (NYSEMKT:LNG) stake by 723,045 shares and now owns 2.13 million shares. Sealed Air Corp New (NYSE:SEE) was raised too.

Analysts await Kaman Corporation (NYSE:KAMN) to report earnings on July, 27. They expect $0.58 earnings per share, down 9.38% or $0.06 from last year’s $0.64 per share. KAMN’s profit will be $15.70M for 21.34 P/E if the $0.58 EPS becomes a reality. After $0.22 actual earnings per share reported by Kaman Corporation for the previous quarter, Wall Street now forecasts 163.64% EPS growth.

Ratings analysis reveals 50% of Kaman’s analysts are positive. Out of 2 Wall Street analysts rating Kaman, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. KAMN was included in 2 notes of analysts from December 12, 2016. The company was upgraded on Thursday, January 5 by KeyBanc Capital Markets. The firm has “Market Perform” rating by CJS Securities given on Monday, December 12.

About 171,386 shares traded. Kaman Corporation (KAMN) has risen 17.10% since June 26, 2016 and is uptrending. It has outperformed by 0.40% the S&P500.

Cardinal Capital Management Llc Ct holds 2.26% of its portfolio in Kaman Corporation for 1.08 million shares. Snyder Capital Management L P owns 540,576 shares or 1.61% of their US portfolio. Moreover, Granahan Investment Management Inc Ma has 1.18% invested in the company for 699,818 shares. The New York-based Gamco Investors Inc. Et Al has invested 1.11% in the stock. Teton Advisors Inc., a New York-based fund reported 197,301 shares.