International Assets Investment Management LLC Increases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

International Assets Investment Management LLC raised its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 1,906.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,712 shares of the company's stock after purchasing an additional 184,057 shares during the period. International Assets Investment Management LLC's holdings in Honda Motor were worth $6,105,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mondrian Investment Partners LTD boosted its stake in Honda Motor by 20.9% during the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company's stock valued at $191,538,000 after buying an additional 896,048 shares during the period. Equity Investment Corp boosted its position in shares of Honda Motor by 1.6% during the 2nd quarter. Equity Investment Corp now owns 2,061,395 shares of the company's stock valued at $66,459,000 after acquiring an additional 33,067 shares during the last quarter. LSV Asset Management increased its position in shares of Honda Motor by 2.5% in the first quarter. LSV Asset Management now owns 502,342 shares of the company's stock worth $18,702,000 after purchasing an additional 12,200 shares during the last quarter. American Century Companies Inc. boosted its position in Honda Motor by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 442,458 shares of the company's stock valued at $14,265,000 after buying an additional 41,216 shares during the period. Finally, Raymond James & Associates grew its holdings in Honda Motor by 5.5% in the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company's stock worth $11,046,000 after acquiring an additional 18,134 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Honda Motor from a "strong-buy" rating to a "buy" rating in a report on Wednesday, October 23rd.

Honda Motor Trading Down 0.1 %

NYSE HMC traded down $0.02 during trading on Friday, hitting $30.29. The company had a trading volume of 514,371 shares, compared to its average volume of 880,945. The company's fifty day moving average is $31.74 and its 200-day moving average is $32.26. The company has a market cap of $51.81 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. Honda Motor Co., Ltd. has a one year low of $27.69 and a one year high of $37.90.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.38. The business had revenue of $34.67 billion for the quarter, compared to analysts' expectations of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. On average, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current year.

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.