United Services Automobile Association Has Lowered Stake in General Motors Co (GM) by $451,800 as Market Valuation Declined; Northcoast Asset Management Holds Holding in Louisiana Pacific (LPX)

June 19, 2018 - By Dolores Ford

Louisiana-Pacific Corporation (NYSE:LPX) Logo

United Services Automobile Association decreased its stake in General Motors Co (GM) by 2.85% based on its latest 2018Q1 regulatory filing with the SEC. United Services Automobile Association sold 12,550 shares as the company’s stock declined 7.80% with the market. The institutional investor held 427,210 shares of the auto manufacturing company at the end of 2018Q1, valued at $15.53 million, down from 439,760 at the end of the previous reported quarter. United Services Automobile Association who had been investing in General Motors Co for a number of months, seems to be less bullish one the $61.95B market cap company. The stock increased 0.09% or $0.04 during the last trading session, reaching $43.95. About 10.81 million shares traded. General Motors Company (NYSE:GM) has risen 17.48% since June 19, 2017 and is uptrending. It has outperformed by 4.91% the S&P500. Some Historical GM News: 01/05/2018 – EINHORN: HIS SHORT ON NETFLIX, LONG ON GM, WERE BIGGEST LOSERS; 13/04/2018 – Rob Portman: Portman Statement on GM Plan to Cut Shift at Lordstown; 26/04/2018 – Ford will only update the Focus Active crossover and Mustang for the U.S. market, while GM called out a challenging passenger car environment; 19/04/2018 – GM Korea, union fail to reach agreement before Friday deadline; 25/04/2018 – GM may raise investment plan for S.Korean unit; 23/04/2018 – Bankruptcy vote by GM Korea board delayed; 07/05/2018 – General Motors (GM) Recognizes Lydall for Performance, Quality, and Innovation; 26/04/2018 – S.KOREA’S KDB SAYS TO OFFER $750 MLN TO GM KOREA; 18/05/2018 – ♫ Reuters Insider – Exclusive: Toyota’s unexpected China E.V. plans; 05/04/2018 – Moody’s assigns B1/Aa3.ar debt ratings to GPAT Compañía Financiera S.A’s Class XXXII local currency notes

Northcoast Asset Management Llc increased its stake in Louisiana Pacific (LPX) by 29.88% based on its latest 2018Q1 regulatory filing with the SEC. Northcoast Asset Management Llc bought 242,170 shares as the company’s stock declined 2.19% with the market. The institutional investor held 1.05M shares of the forest products company at the end of 2018Q1, valued at $30.28 million, up from 810,463 at the end of the previous reported quarter. Northcoast Asset Management Llc who had been investing in Louisiana Pacific for a number of months, seems to be bullish on the $4.08 billion market cap company. The stock increased 1.15% or $0.32 during the last trading session, reaching $28.1. About 1.77 million shares traded or 8.82% up from the average. Louisiana-Pacific Corporation (NYSE:LPX) has risen 28.26% since June 19, 2017 and is uptrending. It has outperformed by 15.69% the S&P500. Some Historical LPX News: 07/05/2018 – LP Invests $45 Million in Off-site Framing Manufacturer EntekraTM; 07/05/2018 – Louisiana-Pacific 1Q Net $90.9M; 07/05/2018 – LOUISIANA-PACIFIC 1Q ADJ EPS CONT OPS 63C, EST. 70C; 07/05/2018 – LOUISIANA-PACIFIC SAYS CAPITAL EXPENDITURES IN 2018 EXPECTED TO BE ABOUT $200 MLN – $250 MLN; 07/05/2018 – Louisiana-Pacific 1Q Adj EPS 63c; 15/03/2018 Louisiana-Pacific Closes Above 50-Day Moving Average; 07/05/2018 – LOUISIANA-PACIFIC SAYS CAPITAL EXPENDITURES IN 2018 RELATED TO EXPANSIONS IN SIDING BUSINESS, GROWTH, MAINTENANCE PROJECTS AND SOUTH AMERICAN EXPANSION

Another recent and important Louisiana-Pacific Corporation (NYSE:LPX) news was published by Streetinsider.com which published an article titled: “Louisiana-Pacific Corp. (LPX) CFO Sallie Bailey to Retire” on June 01, 2018.

Since February 15, 2018, it had 0 insider buys, and 3 selling transactions for $784,385 activity. The insider COOK GARY sold 2,558 shares worth $74,193.

Among 12 analysts covering Louisiana-Pacific (NYSE:LPX), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Louisiana-Pacific had 37 analyst reports since August 26, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of LPX in report on Sunday, October 29 with “Buy” rating. The stock of Louisiana-Pacific Corporation (NYSE:LPX) earned “Underperform” rating by BMO Capital Markets on Friday, September 29. The rating was upgraded by DA Davidson on Friday, February 12 to “Neutral”. BMO Capital Markets maintained the stock with “Hold” rating in Thursday, September 7 report. Vertical Research upgraded the stock to “Buy” rating in Friday, October 14 report. On Sunday, July 30 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was upgraded by Vertical Research on Monday, November 6 to “Buy”. ValuEngine upgraded the stock to “Buy” rating in Friday, May 26 report. Scotia Capital maintained Louisiana-Pacific Corporation (NYSE:LPX) rating on Tuesday, February 13. Scotia Capital has “Hold” rating and $30.0 target. The firm has “Underperform” rating given on Wednesday, December 7 by Bank of America.

Investors sentiment decreased to 1 in Q1 2018. Its down 0.50, from 1.5 in 2017Q4. It turned negative, as 26 investors sold LPX shares while 112 reduced holdings. 45 funds opened positions while 93 raised stakes. 127.95 million shares or 3.45% less from 132.51 million shares in 2017Q4 were reported. Morgan Stanley holds 0.01% or 1.37M shares in its portfolio. Atlantic Tru Gru Ltd has invested 0.01% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). 10,869 are held by Tocqueville Asset Lp. Moreover, Ubs Asset Mgmt Americas Inc has 0% invested in Louisiana-Pacific Corporation (NYSE:LPX). 19,071 are owned by Waratah Cap Advsrs. The California-based Schwab Charles Invest Inc has invested 0.02% in Louisiana-Pacific Corporation (NYSE:LPX). Barclays Public Limited has invested 0% in Louisiana-Pacific Corporation (NYSE:LPX). Gam Holdings Ag reported 43,193 shares stake. California-based Lpl has invested 0% in Louisiana-Pacific Corporation (NYSE:LPX). Moreover, Hbk Investments LP has 0.06% invested in Louisiana-Pacific Corporation (NYSE:LPX) for 215,269 shares. 296,633 are held by Bluemountain Management Llc. 1.20 million were reported by Aqr Cap Mngmt Limited Liability Co. Ameritas has 75,267 shares. 49,529 were reported by Aperio Group Limited Liability Company. The Massachusetts-based Rhumbline Advisers has invested 0.02% in Louisiana-Pacific Corporation (NYSE:LPX).

Northcoast Asset Management Llc, which manages about $1.08 billion US Long portfolio, decreased its stake in Discover Financial Services (NYSE:DFS) by 15,883 shares to 17,886 shares, valued at $1.29 million in 2018Q1, according to the filing. It also reduced its holding in Alcoa Inc by 73,781 shares in the quarter, leaving it with 251,821 shares, and cut its stake in Royal Caribbean Cruises Ltd (NYSE:RCL).

Among 30 analysts covering General Motors Company (NYSE:GM), 19 have Buy rating, 3 Sell and 8 Hold. Therefore 63% are positive. General Motors Company had 99 analyst reports since July 24, 2015 according to SRatingsIntel. Morgan Stanley reinitiated the stock with “Underweight” rating in Monday, August 24 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, October 5 report. The stock has “Equalweight” rating by Barclays Capital on Monday, January 25. The firm has “Buy” rating by UBS given on Friday, July 24. Standpoint Research downgraded the shares of GM in report on Thursday, September 14 to “Hold” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, October 25. Barclays Capital maintained General Motors Company (NYSE:GM) rating on Monday, September 21. Barclays Capital has “Hold” rating and $36 target. Jefferies maintained General Motors Company (NYSE:GM) on Monday, August 28 with “Hold” rating. The stock has “Neutral” rating by Bank of America on Wednesday, October 26. Evercore upgraded General Motors Company (NYSE:GM) on Thursday, May 31 to “Outperform” rating.

United Services Automobile Association, which manages about $37.14B US Long portfolio, upped its stake in Autoliv Inc (NYSE:ALV) by 20,339 shares to 23,113 shares, valued at $3.37 million in 2018Q1, according to the filing. It also increased its holding in Vanguard Ftse All (VEU) by 43,826 shares in the quarter, for a total of 1.70M shares, and has risen its stake in Kohl’s Corp (NYSE:KSS).

More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “GM plans even bigger EV push in China” on June 05, 2018, also Seekingalpha.com with their article: “SoftBank Investment Validates GM’s Self-Driving Superiority” published on June 06, 2018, Seekingalpha.com published: “General Motors: Excellent Execution, Underestimated Upside And Overly Conservative Valuation” on June 15, 2018. More interesting news about General Motors Company (NYSE:GM) were released by: Streetinsider.com and their article: “General Motors (GM) Cruise AV Strategic Options Supports $134 Upside Case – Citi” published on June 18, 2018 as well as Bizjournals.com‘s news article titled: “The Funded: Two biotech IPOs and a potential self-driving spinoff” with publication date: June 18, 2018.

Analysts await General Motors Company (NYSE:GM) to report earnings on July, 24. They expect $1.87 EPS, down 1.06% or $0.02 from last year’s $1.89 per share. GM’s profit will be $2.64 billion for 5.88 P/E if the $1.87 EPS becomes a reality. After $1.43 actual EPS reported by General Motors Company for the previous quarter, Wall Street now forecasts 30.77% EPS growth.

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