Quantbot Technologies LP acquired a new position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 34,391 shares of the company's stock, valued at approximately $982,000.
A number of other hedge funds have also bought and sold shares of the business. Asset Planning Inc bought a new stake in shares of Honda Motor in the fourth quarter worth approximately $25,000. R Squared Ltd purchased a new stake in Honda Motor in the fourth quarter worth approximately $30,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor in the 3rd quarter worth approximately $36,000. Manchester Capital Management LLC purchased a new stake in Honda Motor during the 4th quarter valued at $40,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Honda Motor by 70.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock valued at $53,000 after buying an additional 770 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on HMC. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. UBS Group upgraded Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th.
Read Our Latest Research Report on Honda Motor
Honda Motor Stock Performance
HMC stock traded down $1.49 during midday trading on Friday, reaching $27.29. 1,605,845 shares of the company's stock traded hands, compared to its average volume of 1,048,041. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $37.34. The stock has a market cap of $42.59 billion, a P/E ratio of 6.35 and a beta of 0.61. The stock's 50-day moving average is $28.49 and its 200 day moving average is $28.75.
Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.94 by $0.37. The firm had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. As a group, analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.
Honda Motor Profile
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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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