5 Best Stocks Under $200 According to Edgar Wachenheim’s Greenhaven Associates

2. General Motors Company (NYSE:GM)

Greenhaven Associates’ Stake Value: $616.4 million

Percent of Greenhaven Associates’ Portfolio: 18.01%

Stock Price (as of Nov. 16): $62.72

Number of Hedge Fund Holders: 86

General Motors Company (NYSE:GM), a Michigan-based company, designs and sells automobiles, including crossovers, cars, trucks, and automobile parts. The company has worldwide operations. Some of the notable brands of the company include Cadillac, Chevrolet, GMC, Holden, and Buick.

As of the second quarter of 2021, General Motors Company (NYSE:GM) generated revenue of $34.17 billion with quarterly revenue growth of 103.6% on a YoY basis. The revenue beat the market consensus by $4.49 billion. General Motors Company (NYSE:GM) reported an EPS of $1.97, beating the market consensus by $0.14. On October 05, 2021, Engine No. 1, an impact investment group, announced to invest in the company to support its EV transition mission of producing an all-electric fleet.

As of the second quarter of 2021, Greenhaven Associates holds 10.4 million shares of the company, worth $616.4 million. General Motors Company (NYSE:GM) represents 18.01% of Greenhaven Associates’ portfolio of 13F securities.

According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 86 have stakes in General Motors Company (NYSE:GM), worth $7.4 billion.