Traders Buy High Volume of Call Options on Honda Motor (NYSE:HMC)

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) was the target of unusually large options trading activity on Monday. Stock traders acquired 2,182 call options on the company. This is an increase of 228% compared to the typical daily volume of 665 call options.

Honda Motor Trading Up 12.7 %

NYSE:HMC traded up $3.04 during trading hours on Monday, reaching $26.93. 6,210,323 shares of the stock were exchanged, compared to its average volume of 987,924. Honda Motor has a twelve month low of $23.41 and a twelve month high of $37.90. 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 of $27.56 and a two-hundred day moving average of $30.33. The company has a market capitalization of $46.07 billion, a price-to-earnings ratio of 6.65, a PEG ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The firm had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. On average, equities analysts predict that Honda Motor will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HMC shares. StockNews.com lowered Honda Motor from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 2nd. UBS Group raised shares of Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th.

Institutional Trading of Honda Motor

A number of large investors have recently modified their holdings of the stock. DGS Capital Management LLC increased its holdings in Honda Motor by 0.7% during the 3rd quarter. DGS Capital Management LLC now owns 95,092 shares of the company's stock worth $3,017,000 after purchasing an additional 668 shares during the period. Logan Capital Management Inc. grew its position in shares of Honda Motor by 4.3% during the third quarter. Logan Capital Management Inc. now owns 92,307 shares of the company's stock worth $2,929,000 after buying an additional 3,817 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Honda Motor during the third quarter worth approximately $36,000. World Investment Advisors LLC acquired a new stake in Honda Motor in the third quarter valued at approximately $201,000. Finally, M&T Bank Corp lifted its stake in Honda Motor by 8.2% in the third quarter. M&T Bank Corp now owns 7,879 shares of the company's stock worth $250,000 after acquiring an additional 595 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

About Honda Motor

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.