Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 45.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,209 shares of the company's stock after selling 219,191 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Honda Motor were worth $8,352,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in HMC. Rothschild Investment LLC acquired a new position in shares of Honda Motor in the 2nd quarter worth approximately $28,000. LRI Investments LLC lifted its position in Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company's stock valued at $29,000 after purchasing an additional 834 shares during the period. Family Firm Inc. bought a new position in shares of Honda Motor in the 2nd quarter valued at about $35,000. Addison Advisors LLC grew its position in shares of Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company's stock worth $41,000 after buying an additional 1,021 shares during the period. Finally, Mather Group LLC. raised its stake in shares of Honda Motor by 15,153.8% during the second quarter. Mather Group LLC. now owns 1,983 shares of the company's stock worth $64,000 after buying an additional 1,970 shares during the last quarter. 5.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 2nd.
View Our Latest Stock Report on HMC
Honda Motor Stock Up 1.6 %
Shares of Honda Motor stock traded up $0.43 during trading on Friday, reaching $26.66. 971,919 shares of the company were exchanged, compared to its average volume of 1,081,489. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $30.22 and a 200-day moving average price of $31.44. Honda Motor Co., Ltd. has a twelve month low of $25.57 and a twelve month high of $37.90.
Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). The firm had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. On average, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.
Honda Motor Profile
(
Free Report)
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.
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