Cubist Systematic Strategies LLC purchased a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 111,513 shares of the company's stock, valued at approximately $3,595,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RFP Financial Group LLC boosted its stake in Honda Motor by 91.3% in the first quarter. RFP Financial Group LLC now owns 662 shares of the company's stock valued at $25,000 after acquiring an additional 316 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Honda Motor during the 1st quarter valued at $27,000. Rothschild Investment LLC acquired a new stake in shares of Honda Motor in the 2nd quarter worth $28,000. LRI Investments LLC purchased a new position in Honda Motor during the 1st quarter worth $34,000. Finally, Family Firm Inc. acquired a new position in Honda Motor during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 5.32% of the company's stock.
Honda Motor Price Performance
Shares of HMC opened at $32.22 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The company's fifty day moving average price is $31.61 and its 200-day moving average price is $33.14. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90. The firm has a market capitalization of $55.12 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.67.
Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The business had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. On average, equities research analysts predict that Honda Motor Co., Ltd. will post 4.73 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Honda Motor from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 11th.
View Our Latest Analysis on HMC
Honda Motor Company 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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