Quinn Opportunity Partners LLC acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,136 shares of the company's stock, valued at approximately $632,000.
Several other hedge funds have also recently modified their holdings of HMC. Arrowstreet Capital Limited Partnership purchased a new position in Honda Motor during the fourth quarter valued at approximately $23,272,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Honda Motor by 153.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after purchasing an additional 404,883 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of Honda Motor by 13.1% in the 4th quarter. Brandes Investment Partners LP now owns 570,169 shares of the company's stock valued at $16,278,000 after buying an additional 66,030 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Honda Motor by 6.7% during the fourth quarter. American Century Companies Inc. now owns 500,097 shares of the company's stock worth $14,278,000 after buying an additional 31,267 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Honda Motor during the 4th quarter worth approximately $11,909,000. Hedge funds and other institutional investors own 5.32% of the company's stock.
Honda Motor Trading Up 1.6 %
HMC traded up $0.44 during mid-day trading on Tuesday, reaching $28.59. The stock had a trading volume of 893,612 shares, compared to its average volume of 1,072,709. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $35.36. The stock has a market capitalization of $44.62 billion, a P/E ratio of 6.65 and a beta of 0.57. The firm's fifty day simple moving average is $28.05 and its two-hundred day simple moving average is $28.25.
Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. On average, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on HMC shares. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday, December 18th. Finally, Sanford C. Bernstein initiated coverage on shares of Honda Motor in a report on Monday. They issued a "market perform" rating for the company.
Get Our Latest Stock Analysis on Honda Motor
Honda Motor 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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