AQR Arbitrage LLC Cuts Holdings in General American Investors, Inc. $GAM

Key Points

• AQR Arbitrage LLC reduced its holdings in General American Investors, Inc. by 58.7% in the first quarter, now owning approximately 0.07% of the company worth $783,000.
• Other institutions, like CWM LLC and Wealth Enhancement Advisory Services, have increased their holdings in General American Investors, indicating a mix of investor strategies surrounding the company.
• General American Investors’ stock price is currently at $60.35, with a 52-week range between $41.80 and $60.51.

AQR Arbitrage LLC cut its stake in General American Investors, Inc. (NYSE:GAM - Free Report) by 58.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,543 shares of the investment management company's stock after selling 22,125 shares during the period. AQR Arbitrage LLC owned about 0.07% of General American Investors worth $783,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in General American Investors by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the investment management company's stock valued at $535,000 after purchasing an additional 301 shares during the last quarter. First Manhattan CO. LLC. increased its stake in General American Investors by 8.4% in the fourth quarter. First Manhattan CO. LLC. now owns 5,581 shares of the investment management company's stock valued at $285,000 after purchasing an additional 434 shares during the period. CWM LLC raised its holdings in shares of General American Investors by 119.8% in the first quarter. CWM LLC now owns 1,321 shares of the investment management company's stock valued at $67,000 after buying an additional 720 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of General American Investors by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,745 shares of the investment management company's stock worth $293,000 after buying an additional 1,418 shares during the period. Finally, Levin Capital Strategies L.P. grew its holdings in shares of General American Investors by 2.4% during the first quarter. Levin Capital Strategies L.P. now owns 107,324 shares of the investment management company's stock worth $5,406,000 after buying an additional 2,467 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company's stock.

General American Investors Stock Up 0.8%

GAM traded up $0.46 on Tuesday, hitting $60.98. 8,159 shares of the company traded hands, compared to its average volume of 21,305. General American Investors, Inc. has a 12-month low of $41.80 and a 12-month high of $61.40. The company has a 50 day moving average of $58.12 and a 200-day moving average of $53.89.

General American Investors Company Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.