QRG Capital Management Inc. Sells 87,395 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

QRG Capital Management Inc. cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 32.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,396 shares of the company's stock after selling 87,395 shares during the quarter. QRG Capital Management Inc.'s holdings in Honda Motor were worth $5,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Asset Planning Inc acquired a new stake in Honda Motor in the 4th quarter valued at about $25,000. R Squared Ltd bought a new position in Honda Motor during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Honda Motor during the 3rd quarter worth $36,000. Manchester Capital Management LLC acquired a new position in shares of Honda Motor in the 4th quarter valued at approximately $40,000. Finally, Addison Advisors LLC raised its position in shares of Honda Motor by 391.2% in the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company's stock valued at $41,000 after buying an additional 1,021 shares in the last quarter. Institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

Shares of HMC stock traded up $0.01 on Tuesday, reaching $27.51. The company had a trading volume of 1,093,980 shares, compared to its average volume of 1,245,933. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $37.90. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $42.93 billion, a PE ratio of 6.40 and a beta of 0.58. The business's 50-day moving average is $28.26 and its 200 day moving average is $29.12.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion for the quarter, compared to analysts' expectations of $35.31 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HMC has been the topic of a number of recent analyst reports. UBS Group raised shares of Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th.

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.