This is what analysts have to say about AMC Entertainment Holdings, Inc. (NYSE:AMC) after last …

Baupost Group Inc Lc Ma stated it has 1.46 million shares. Lpl Finance Limited Liability Corp, California-based fund reported 51,824 shares. Tudor Inv …

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Investors sentiment increased to 1.14 in Q4 2018. Its up 0.02, from 1.12 in 2018Q3. It is positive, as 21 investors sold AMC Entertainment Holdings, Inc. shares while 52 reduced holdings. 40 funds opened positions while 43 raised stakes. 46.78 million shares or 4.21% more from 44.89 million shares in 2018Q3 were reported.

D E Shaw Incorporated has invested 0% in AMC Entertainment Holdings, Inc. (NYSE:AMC). Inv Mngmt Of Virginia Llc accumulated 66,607 shares or 0.21% of the stock. Stifel Fincl holds 0% or 11,492 shares. Palo Incorporated accumulated 181,062 shares. 1 are owned by Maplelane Capital Limited Liability Company. Bbt Cap Management Limited Liability Com owns 31,481 shares or 0.35% of their US portfolio. Ameriprise Incorporated holds 404,509 shares. Kornitzer Cap Mngmt Ks owns 64,850 shares. Castle Creek Arbitrage owns 17,320 shares. Cim Investment Mangement invested in 32,808 shares. Gradient Llc holds 720 shares. Baupost Group Inc Lc Ma stated it has 1.46 million shares. Lpl Finance Limited Liability Corp, California-based fund reported 51,824 shares. Tudor Inv Corp Et Al accumulated 25,645 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt invested 0.01% of its portfolio in AMC Entertainment Holdings, Inc. (NYSE:AMC).

AMC Entertainment Holdings, Inc. (NYSE:AMC) Ratings Coverage

Among 6 analysts covering AMC Entertainment Hldgs (NYSE:AMC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AMC Entertainment Hldgs had 10 analyst reports since January 22, 2019 according to SRatingsIntel. Imperial Capital maintained it with “Buy” rating and $23 target in Friday, March 1 report. M Partners maintained the stock with “Hold” rating in Friday, March 1 report. The firm has “Buy” rating by FBR Capital given on Monday, April 8. The stock of AMC Entertainment Holdings, Inc. (NYSE:AMC) has “Hold” rating given on Friday, March 1 by FBR Capital. On Friday, February 22 the stock rating was upgraded by Wedbush to “Buy”. Barrington maintained it with “Buy” rating and $22 target in Friday, March 1 report. The firm has “Neutral” rating by FBR Capital given on Tuesday, January 22. Below is a list of AMC Entertainment Holdings, Inc. (NYSE:AMC) latest ratings and price target changes.

08/04/2019 Broker: FBR Capital Old Rating: Neutral New Rating: Buy Old Target: $18 New Target: $20 Upgrade

30/03/2019 Broker: BidaskScore Rating: Hold Downgrade

15/03/2019 Broker: BidaskScore Rating: Hold Downgrade

01/03/2019 Broker: Imperial Capital Rating: Buy New Target: $23 Maintain

01/03/2019 Broker: M Partners Rating: Hold New Target: $17 Maintain

01/03/2019 Broker: Barrington Rating: Buy New Target: $22 Maintain

01/03/2019 Broker: FBR Capital Rating: Hold New Target: $18 Maintain

22/02/2019 Broker: Wedbush Rating: Buy New Target: $22 Upgrade

01/02/2019 Broker: Loop Capital Rating: Hold New Target: $15 Initiates Coverage On

22/01/2019 Broker: FBR Capital Old Rating: Buy New Rating: Neutral Downgrade

The stock decreased 1.02% or $0.15 during the last trading session, reaching $14.55. About 1.33 million shares traded. AMC Entertainment Holdings, Inc. (NYSE:AMC) has risen 13.31% since May 3, 2018 and is uptrending. It has outperformed by 8.94% the S&P500.

AMC Entertainment Holdings, Inc., through its subsidiaries, operates in the theatrical exhibition business. The company has market cap of $1.51 billion. It owns, operates, or has interests in theatres. It has a 35.49 P/E ratio. As of December 31, 2016, the firm owned, operated, or had interests in 660 theatres with 8,293 screens in the United States; and 246 theatres and 2,265 screens in the United Kingdom, Spain, Italy, Germany, Austria, Portugal, and Ireland.

More notable recent AMC Entertainment Holdings, Inc. (NYSE:AMC) news were published by: Investorplace.com which released: “7 Stocks to Buy for Spring Season Growth – Investorplace.com” on April 16, 2019, also Schaeffersresearch.com with their article: “AMC Entertainment Stock Gains After Record-Breaking Weekend – Schaeffers Research” published on April 29, 2019, Bizjournals.com published: “PHOTOS: What to expect from revamped movie theater at Park Road Shopping Center – Charlotte Business Journal” on May 01, 2019. More interesting news about AMC Entertainment Holdings, Inc. (NYSE:AMC) were released by: Schaeffersresearch.com and their article: “3 Red-Hot Stocks in Today’s Trading – Schaeffers Research” published on April 08, 2019 as well as Fool.com‘s news article titled: “3 Value Stocks That Are Paying Down Debt – Motley Fool” with publication date: May 02, 2019.

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Calsonic Kansei Acquires Magneti Marelli From Fiat Chrysler Automobiles

New York City-based private equity firm Kohlberg Kravis Roberts acquired the stake Nissan used to own a few years ago, then bought the rest of …
This includes intellectual property, and Fiat Chrysler Automobiles received a cash consideration of €5.8 billion in connection with the closing of the deal. An extraordinary cash distribution to the holders of common shares has also been announced at €1.30 per share, translating to €2 billion from the proceeds of the transaction.

“We thank Magneti Marelli’s employees for their dedication to providing innovative products while supporting FCA business objectives,” said Mike Manley, chief executive officer at Fiat Chrysler Automobiles. “This sale also recognizes the full strategic value of Magneti Marelli, improving our financial position, delivering value to our shareholders, and allowing us to enhance our focus on our core product portfolio.”



Even though Calsonic Kansei owns it, Magneti Marelli will continue to supply Fiat Chrysler Automobiles for years to come. Now known as Magneti Marelli CK Holdings, the automotive company is estimated to bring no fewer than €15.2 billion in revenue. That’s a lot of money, but then again, Calsonic Kansei is one of the biggest companies in Japan despite the fact it isn’t included in the Nikkei 225 on the Toyko Stock Exchange.

Founded in 1938 and headquartered in Saitama, the Calsonic Kansei is a privately-owned corporation with close to 60 manufacturing centers in the entire world. New York City-based private equity firm Kohlberg Kravis Roberts acquired the stake Nissan used to own a few years ago, then bought the rest of Calsonic Kansei in February 2017.

Calsonic Kansei has been supplying the McLaren F1 team with racecar components for more than two decades. The corporation also serves as a partner to Team Impul in the Super GT Series in Japan, which races the Nismo GT500-branded Nissan GT-R.

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Benchmark Capital Advisors Stake in General Motors Co (GM) Lowered by $488400; As Brookfield …

Karpas Strategies Llc increased its stake in Brookfield Property Ptnrs Lp (BPY) by 12.05% based on its latest 2018Q4 regulatory filing with the SEC.

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Karpas Strategies Llc increased its stake in Brookfield Property Ptnrs Lp (BPY) by 12.05% based on its latest 2018Q4 regulatory filing with the SEC. Karpas Strategies Llc bought 45,191 shares as the company’s stock rose 6.93% with the market. The institutional investor held 420,297 shares of the real estate company at the end of 2018Q4, valued at $6.78 million, up from 375,106 at the end of the previous reported quarter. Karpas Strategies Llc who had been investing in Brookfield Property Ptnrs Lp for a number of months, seems to be bullish on the $17.68B market cap company. The stock decreased 0.29% or $0.06 during the last trading session, reaching $20.79. About 154,181 shares traded. Brookfield Property Partners L.P. (NYSE:BPY) has declined 4.88% since May 2, 2018 and is downtrending. It has underperformed by 9.25% the S&P500. Some Historical BPY News: 26/03/2018 – Brookfield Property Reaches Deal to Buy Rest of GGP Inc; 30/05/2018 – INDIA’S RELIANCE COMMUNICATIONS RLCM.NS SAYS BANKRUPTCY APPEALS COURT ALLOWS CO TO SELL ASSETS TO RELIANCE JIO AND BROOKFIELD; 04/05/2018 – Brookfield Property 1Q EPS 69c; 08/05/2018 – Correct: Brookfield Real Estate 1Q Cash Flow From Operations C$0.59/Share; 13/05/2018 – Brookfield Offers $3.3 Billion for Healthscope, Topping Rival; 26/03/2018 – BROOKFIELD PROPERTY – SPECIAL COMMITTEE, COMPRISED OF NON-EXECUTIVE, INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDED GGP SHAREHOLDERS APPROVE DEAL; 18/04/2018 – BROOKFIELD’S GRAFTECH RAISES $525 MILLION IN BELOW-RANGE IPO; 21/05/2018 – HEALTHSCOPE LTD – DECIDED NOT TO PROVIDE DUE DILIGENCE ACCESS TO EITHER BGH – AUSTRALIANSUPER CONSORTIUM OR BROOKFIELD; 16/03/2018 – BROOKFIELD PROPERTY IS SAID TO SUBMIT NEW OFFER FOR GGP: RTRS; 20/03/2018 – Sharenet: Canada’s Brookfield to sell bonds in Brazil to help fund pipeline

Benchmark Capital Advisors decreased its stake in General Motors Co (GM) by 14.43% based on its latest 2018Q4 regulatory filing with the SEC. Benchmark Capital Advisors sold 14,800 shares as the company’s stock rose 6.22% with the market. The institutional investor held 87,793 shares of the auto manufacturing company at the end of 2018Q4, valued at $2.94 million, down from 102,593 at the end of the previous reported quarter. Benchmark Capital Advisors who had been investing in General Motors Co for a number of months, seems to be less bullish one the $55.11 billion market cap company. The stock increased 0.10% or $0.04 during the last trading session, reaching $38.79. About 3.24 million shares traded. General Motors Company (NYSE:GM) has risen 3.86% since May 2, 2018 and is uptrending. It has underperformed by 0.51% the S&P500. Some Historical GM News: 17/04/2018 – AUCKLAND AIRPORT APPOINTS ANNA CASSELS-BROWN AS GM OPERATIONS; 24/04/2018 – GM, S.Korea in talks to raise investment plan from $2.8 bln; 11/05/2018 – GM KOREA, KDB AGREE ON BALANCE SHEET RESTRUCTURE TO CUT DEBT; 08/05/2018 – GM Presenting at Citi Car of the Future Symposium May 10; 13/04/2018 – GM KOREA SAYS 2017 NET LOSS 1.16 TRLN WON VS 631 BLN WON PREVIOUS YEAR; 17/04/2018 – Yahoo! Finance: Exclusive: South Korea’s KDB, GM Korea may sign preliminary funding deal by April 27; 10/05/2018 – ENGLE SAYS STILL HAVE LOT OF WORK TO IN S.KOREA, BUT SEES BRIGHT FUTURE; 03/04/2018 – GENERAL MOTORS SAYS GM’S U.S. RETAIL SALES IN MARCH WERE UP 14 PCT YEAR OVER YEAR; 05/04/2018 – Ford, GM and Fiat Chrysler largely build their Chinese products in China; 23/05/2018 – U.S. COMMERCE DEPARTMENT SAYS INVESTIGATION WILL DETERMINE WHETHER IMPORTS HAVE ERODED DOMESTIC AUTO INDUSTRY, WEAKENED NATIONAL SECURITY

Investors sentiment decreased to 0.74 in Q4 2018. Its down 0.20, from 0.94 in 2018Q3. It is negative, as 80 investors sold GM shares while 320 reduced holdings. 92 funds opened positions while 205 raised stakes. 1.06 billion shares or 5.28% more from 1.01 billion shares in 2018Q3 were reported. Gabelli Funds Ltd Co invested 0.04% of its portfolio in General Motors Company (NYSE:GM). Missouri-based Amer Century Companies has invested 0.04% in General Motors Company (NYSE:GM). Columbia Asset Management owns 77,964 shares for 0.79% of their portfolio. Northpointe Ltd Llc holds 63,063 shares or 0.48% of its portfolio. Bbt Capital Mgmt Lc reported 12,046 shares. Acr Alpine Cap Ltd invested in 5.18% or 3.03 million shares. Bnp Paribas Arbitrage Sa holds 857,988 shares or 0% of its portfolio. Neumann Cap Mngmt Ltd Liability Company reported 43,650 shares. Eaton Vance Mgmt, a Massachusetts-based fund reported 139,146 shares. Btc Cap Management, a Iowa-based fund reported 79,956 shares. Stratos Wealth Prns reported 15,367 shares stake. Sg Americas Lc owns 279,638 shares for 0.08% of their portfolio. Chevy Chase holds 0.21% or 1.29 million shares in its portfolio. Denali Advsr Limited Liability Co stated it has 2.41% of its portfolio in General Motors Company (NYSE:GM). Ruggie Cap has 0% invested in General Motors Company (NYSE:GM).

More notable recent General Motors Company (NYSE:GM) news were published by: Investorplace.com which released: “4 Top Stock Trades for Wednesday: Lyft, GM, Wynn, Delta – Investorplace.com” on April 02, 2019, also 247Wallst.com with their article: “Alphabet, AMD, GE, GM, Qualcomm and More Major Earnings Coming This Week – 24/7 Wall St.” published on April 28, 2019, Benzinga.com published: “Fiat Chrysler S.p.A. (NYSE:FCAU), General Motors Company (NYSE:GM) – Waymo Is Setting Up A Production Facility In Detroit To Manufacture Self-Driving Cars – Benzinga” on April 24, 2019. More interesting news about General Motors Company (NYSE:GM) were released by: Fool.com and their article: “Crossovers Remain a Bright Spot for GM in a Slow Quarter – Motley Fool” published on April 03, 2019 as well as Investorplace.com‘s news article titled: “Show a Little Caution on Ford Stock After This Earnings Bump – Investorplace.com” with publication date: May 02, 2019.

General Motors Company (NYSE:GM) Institutional Positions Chart

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Baupost Group Has Cut Amc Entmt Hldgs (AMC) Position By $15.28 Million; Lannett Co (LCI …

Baupost Group Llc decreased Amc Entmt Hldgs Inc (AMC) stake by 46.62% reported in 2018Q4 SEC filing. Baupost Group Llc sold 1.27M shares as …

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Lannett Co Inc (LCI) investors sentiment decreased to 0.87 in Q4 2018. It’s down -0.03, from 0.9 in 2018Q3. The ratio has worsened, as 60 hedge funds increased or opened new stock positions, while 69 sold and decreased their stakes in Lannett Co Inc. The hedge funds in our database now possess: 30.98 million shares, up from 30.83 million shares in 2018Q3. Also, the number of hedge funds holding Lannett Co Inc in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 27 Reduced: 42 Increased: 38 New Position: 22.

Baupost Group Llc decreased Amc Entmt Hldgs Inc (AMC) stake by 46.62% reported in 2018Q4 SEC filing. Baupost Group Llc sold 1.27M shares as Amc Entmt Hldgs Inc (AMC)’s stock rose 11.99%. The Baupost Group Llc holds 1.46 million shares with $17.90 million value, down from 2.73 million last quarter. Amc Entmt Hldgs Inc now has $1.57 billion valuation. The stock decreased 2.19% or $0.34 during the last trading session, reaching $15.16. About 1.52 million shares traded. AMC Entertainment Holdings, Inc. (NYSE:AMC) has risen 13.31% since April 30, 2018 and is uptrending. It has outperformed by 8.94% the S&P500. Some Historical AMC News: 19/03/2018 – AMC Entertainment Holdings, Inc. Bd Elects John Zeng as Chmn; 29/03/2018 – Yahoo! UK: AMC is working with Citi on potential $2 billion float of Odeon cinemas; 08/03/2018 – Malachite Management Achieves AMC Institute Accreditation; 19/03/2018 – AMC Entertainment Holdings, Inc. Board Elects Wanda Film Group President John Zeng as AMC Board of Directors Chairman Reflectin; 25/04/2018 – MEDIA-India’s IDFC in talks to sell AMC, broking units – Economic Times; 08/05/2018 – MEDIA-BlackRock, India’s Reliance Nippon Life Asset Management lead race for IDFC AMC – Mint; 07/05/2018 – AMC Entertainment 1Q Rev $1.38B; 30/03/2018 – Fitch Affirms AMC Entertainment’s L-T IDR at ‘B’; 07/05/2018 – AMC Entertainment 1Q EPS 14c; 06/03/2018 – DEADLINE ALERT – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against AMC Entertainment Holdings, Inc

Telemus Capital Llc holds 3.16% of its portfolio in Lannett Company, Inc. for 7.88 million shares. Spark Investment Management Llc owns 566,100 shares or 0.19% of their US portfolio. Moreover, Brave Asset Management Inc has 0.04% invested in the company for 13,090 shares. The California-based Menta Capital Llc has invested 0.04% in the stock. Eqis Capital Management Inc., a California-based fund reported 67,499 shares.

Since January 1, 0001, it had 5 buys, and 0 sales for $314,620 activity.

Lannett Company, Inc. develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the United States. The company has market cap of $302.12 million. The firm offers solid oral, extended release, topical, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, soft gel, and injectable dosages. It currently has negative earnings. It also provides its products for various medical indications comprising glaucoma, cholesterol, muscle spasm, migraine, pain management, cardiovascular, antipsychosis, gastrointestinal, urinary, bronchospasms, respiratory, gallstone, congestive heart failure, thyroid deficiency, central nervous system, and gout.

More notable recent Lannett Company, Inc. (NYSE:LCI) news were published by: Prnewswire.com which released: “Lannett To Launch Generic Concerta®, AB-rated Methylphenidate Hydrochloride ER Tablets – PRNewswire” on April 30, 2019, also Globenewswire.com with their article: “Detailed Research: Economic Perspectives on Global Brass and Copper, Lannett, NantHealth, Ballantyne Strong, Barnwell Industries, and Chicago Rivet & Machine — What Drives Growth in Today’s Competitive Landscape – GlobeNewswire” published on April 12, 2019, Benzinga.com published: “Raymond James: Lannett Emerges From Levothyroxine Woes (NYSE:LCI) – Benzinga” on December 13, 2018. More interesting news about Lannett Company, Inc. (NYSE:LCI) were released by: Seekingalpha.com and their article: “Trader-Turned-Informant Takes Big Stake In Lannett – Seeking Alpha” published on January 24, 2019 as well as Benzinga.com‘s news article titled: “BMO Capital Markets: Lannett (NYSE:LCI) Making Progress With Pipeline, Cost Savings – Benzinga” with publication date: February 07, 2019.

The stock increased 3.92% or $0.29 during the last trading session, reaching $7.69. About 880,329 shares traded. Lannett Company, Inc. (LCI) has declined 46.42% since April 30, 2018 and is downtrending. It has underperformed by 50.79% the S&P500. Some Historical LCI News: 23/03/2018 – Lannett Strengthens, Augments Management Team; 07/05/2018 – LANNETT SEES FY NET SALES $685M TO $695M, SAW $680M TO $700M; 12/03/2018 Lannett Adds New Revenue Streams, Announces Agreements With Three Strategic Alliance Partners; 12/03/2018 – Lannett to Serve as Exclusive U.S. Distributor for Certain Off-Patent Products Manufactured by Partners; 30/05/2018 – LANNETT’S ANDA FOR LEVOFLOXACIN GOT FDA APPROVAL MAY 25; 12/03/2018 – Lannett Adds New Rev Streams, Announces Agreements With Three Strategic Alliance Partners; 19/04/2018 – DJ Lannett Company Inc, Inst Holders, 1Q 2018 (LCI); 03/05/2018 – Lannett Presenting at Conference May 30; 07/05/2018 – Lannett Sees FY18 Sales $685M-$695M; 21/05/2018 – LANNETT GETS FDA APPROVAL FOR DRONABINOL CAPSULES

Analysts await Lannett Company, Inc. (NYSE:LCI) to report earnings on May, 6. They expect $0.70 EPS, down 12.50% or $0.10 from last year’s $0.8 per share. LCI’s profit will be $27.50M for 2.75 P/E if the $0.70 EPS becomes a reality. After $0.86 actual EPS reported by Lannett Company, Inc. for the previous quarter, Wall Street now forecasts -18.60% negative EPS growth.

Analysts await AMC Entertainment Holdings, Inc. (NYSE:AMC) to report earnings on May, 6. They expect $-0.12 EPS, down 185.71% or $0.26 from last year’s $0.14 per share. After $0.05 actual EPS reported by AMC Entertainment Holdings, Inc. for the previous quarter, Wall Street now forecasts -340.00% negative EPS growth.

Investors sentiment increased to 1.14 in 2018 Q4. Its up 0.02, from 1.12 in 2018Q3. It is positive, as 21 investors sold AMC shares while 52 reduced holdings. 40 funds opened positions while 43 raised stakes. 46.78 million shares or 4.21% more from 44.89 million shares in 2018Q3 were reported. Coatue Management Limited Com reported 0.01% in AMC Entertainment Holdings, Inc. (NYSE:AMC). Dimensional Fund Advsrs Lp has invested 0.01% of its portfolio in AMC Entertainment Holdings, Inc. (NYSE:AMC). 8,490 are held by Great West Life Assurance Can. Royal National Bank & Trust Of Canada invested in 18,156 shares or 0% of the stock. Palo Cap Inc reported 181,062 shares stake. 85,648 are held by Alliancebernstein L P. Nordea Inv Mgmt Ab owns 154,574 shares or 0.01% of their US portfolio. Kornitzer Management Ks reported 0.02% in AMC Entertainment Holdings, Inc. (NYSE:AMC). Kings Point Mngmt owns 1,000 shares. Pinnacle Assoc Ltd holds 0.03% or 106,365 shares. Mackay Shields Llc stated it has 0.01% of its portfolio in AMC Entertainment Holdings, Inc. (NYSE:AMC). Thompson Siegel Walmsley Lc has invested 0.12% in AMC Entertainment Holdings, Inc. (NYSE:AMC). Advisors Asset Management holds 0.05% in AMC Entertainment Holdings, Inc. (NYSE:AMC) or 204,939 shares. Numerixs Investment Techs Inc accumulated 7,800 shares or 0.03% of the stock. 18,405 were accumulated by Secor Capital Advsrs Limited Partnership.

Among 6 analysts covering AMC Entertainment Hldgs (NYSE:AMC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. AMC Entertainment Hldgs had 10 analyst reports since January 22, 2019 according to SRatingsIntel. On Friday, February 22 the stock rating was upgraded by Wedbush to “Buy”. The rating was upgraded by FBR Capital on Monday, April 8 to “Buy”. The stock has “Hold” rating by M Partners on Friday, March 1. The firm has “Hold” rating given on Friday, March 1 by FBR Capital. The firm earned “Buy” rating on Friday, March 1 by Imperial Capital. The company was downgraded on Tuesday, January 22 by FBR Capital. The firm has “Buy” rating given on Friday, March 1 by Barrington.

Lannett Company, Inc. (NYSE:LCI) Institutional Positions Chart

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Lyft elevates GM first-quarter profit, pickups in driver’s seat

By Nick Carey and Ben Klayman. DETROIT (Reuters) – General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by …

By Nick Carey and Ben Klayman

DETROIT (Reuters) – General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France’s Peugeot SA.

Excluding the benefits of those revaluations, GM delivered results in line with analyst predictions, driven mostly by highly lucrative pickup truck sales in the U.S. market.

The No. 1 U.S. automaker’s shares were down 2.7 percent in morning trading.

The earnings came after a 7 percent decline in U.S. new-vehicle sales in the first quarter, in which smaller rival Fiat Chrysler Automobiles NV’s pickup trucks outsold GM’s.

“We remain concerned with the U.S. auto cycle, both from a pricing and volume perspective,” Buckingham Research analyst Joseph Amaturo wrote in a client note. “Moreover, specific to GM, we are concerned about recently monthly pick-up truck and market share stats.”

GM’s sales in China also dropped almost 20 percent and profit there declined 37 percent. Auto sales in China industrywide fell 2.8 percent last year and were down again in the first quarter.

GM Chief Financial Officer Dhivya Suryadevara told reporters that the Chinese market remains “volatile.”

“From an economic standpoint, there are green shoots,” she said. “But we have yet to see that translate to vehicle demand.”

GM will launch 20 new models in China in 2019, most of them in the second half of the year.

In the United States, the automaker had around four months supply of its Chevrolet Silverado pickup truck on the ground as of the beginning of April, a high level in an auto market that overall is expected to decline in 2019.

CFO Suryadevara said that the company’s inventory would be brought down over the course of the year without use of heavy consumer discounts.

She said that tariffs and higher commodity prices would cost GM around $1 billion in 2019.

As recently as late last year, GM executives insisted the automaker’s Cruise self-driving unit would launch a commercial ride-hailing service by the end of 2019.

However, when asked several times on Tuesday when that service would launch, neither CFO Suryadevara nor Chief Executive Mary Barra would provide a date, repeatedly responding that GM’s efforts would be “gated by safety.”

GM said it is “bullish” on pickup truck sales for the rest of 2019 as more versions of its new Silverado hit dealer showrooms and its heavy-duty trucks launch in the second half of the year.

Last week, rival Ford Motor Co reported a higher-than-expected first-quarter profit on strong pickup truck sales in its core U.S. market and said it was confident its 2019 results would be better than those of last year.

Ford said last week it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley’s Tesla Inc. According to sources, GM had previously been in talks with Rivian about a possible investment.

GM CEO Barra told analysts on Tuesday the automaker will produce a full range of electric vehicles, including an all-electric pickup truck, but she did not provide details.

General Motors has preferred shares in Peugeot from when it sold its German Opel unit to the Paris-based automaker in 2017. Lyft completed an initial public offering at the end of the first quarter and the value of GM’s stake rose $300 million. The increased value of those stakes added 31 cents per share to GM’s first-quarter profit.

GM reported a first-quarter net profit of $2.2 billion, or $1.48 per share, up from $1.05 billion, or 72 cents per share, a year earlier.

Excluding one-items, the company earned $1.41 per share.

Analysts on average expected $1.11.

The company’s revenue for the quarter fell to $34.9 billion from $36.1 billion a year earlier.

GM reiterated its full-year 2019 profit outlook for earnings per share of between $6.50 and $7.

(Reporting By Nick Carey and Ben Klayman; Editing by Steve Orlofsky)

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