Sanctuary Advisors LLC trimmed its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 87.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,824 shares of the company's stock after selling 223,267 shares during the quarter. Sanctuary Advisors LLC's holdings in Honda Motor were worth $1,010,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Honda Motor during the second quarter valued at approximately $28,000. LRI Investments LLC increased its holdings in shares of Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company's stock worth $29,000 after purchasing an additional 834 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Honda Motor in the second quarter worth $35,000. Addison Advisors LLC lifted its holdings in shares of Honda Motor by 391.2% during the third quarter. Addison Advisors LLC now owns 1,282 shares of the company's stock valued at $41,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Honda Motor during the second quarter valued at $67,000. 5.32% of the stock is owned by hedge funds and other institutional investors.
Honda Motor Stock Performance
Honda Motor stock traded up $0.19 during mid-day trading on Friday, reaching $23.89. 2,413,731 shares of the stock traded hands, compared to its average volume of 966,264. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. The stock has a market capitalization of $40.87 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The business's 50-day moving average is $27.56 and its 200-day moving average is $30.34. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.90.
Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The business had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. As a group, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.09 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. StockNews.com cut shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday.
Read Our Latest Stock Analysis on Honda Motor
About Honda Motor
(
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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