SIH Partners LLLP Invests $753,000 in Honda Motor Co., Ltd. (NYSE:HMC)

SIH Partners LLLP acquired a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 26,384 shares of the company's stock, valued at approximately $753,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMC. Arrowstreet Capital Limited Partnership bought a new stake in shares of Honda Motor in the 4th quarter worth $23,272,000. Raymond James Financial Inc. bought a new stake in Honda Motor in the fourth quarter worth about $11,909,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 acquiring an additional 404,883 shares during the last quarter. Gilman Hill Asset Management LLC bought a new position in shares of Honda Motor during the 4th quarter valued at about $4,772,000. Finally, First Trust Advisors LP grew its stake in shares of Honda Motor by 11.0% in the 4th quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock worth $45,517,000 after purchasing an additional 158,072 shares during the last quarter. Institutional investors own 5.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein started coverage on Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company.

Honda Motor Price Performance

HMC stock opened at $29.19 on Tuesday. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.99. The firm has a 50-day moving average of $28.14 and a two-hundred day moving average of $28.14. The firm has a market capitalization of $45.56 billion, a PE ratio of 6.79 and a beta of 0.57. 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 (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.94 by $0.37. The business had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. On average, analysts forecast that Honda Motor Co., Ltd. will post 3.99 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.

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