Equity Investment Corp Grows Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Equity Investment Corp boosted its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 1.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,097,616 shares of the company's stock after purchasing an additional 36,221 shares during the quarter. Equity Investment Corp's holdings in Honda Motor were worth $66,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in shares of Honda Motor in the 1st quarter worth about $1,509,000. Cubist Systematic Strategies LLC purchased a new position in shares of Honda Motor during the second quarter valued at approximately $3,595,000. Park Avenue Securities LLC boosted its position in shares of Honda Motor by 76.4% in the 3rd quarter. Park Avenue Securities LLC now owns 41,358 shares of the company's stock worth $1,312,000 after purchasing an additional 17,908 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Honda Motor by 1,906.3% in the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company's stock worth $6,105,000 after buying an additional 184,057 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Honda Motor by 179.6% during the 2nd quarter. Blue Trust Inc. now owns 3,476 shares of the company's stock valued at $112,000 after buying an additional 2,233 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Stock Performance

Shares of HMC stock traded up $0.71 on Monday, reaching $26.54. The stock had a trading volume of 1,161,790 shares, compared to its average volume of 905,813. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. Honda Motor Co., Ltd. has a 1 year low of $25.57 and a 1 year high of $37.90. The stock has a market cap of $45.39 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.67. The company has a 50 day simple moving average of $30.60 and a 200 day simple moving average of $31.65.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion during the quarter, compared to analysts' expectations of $35.60 billion. Equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 2nd.

Honda Motor Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.