Townsquare Capital LLC grew its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 64.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,088 shares of the company's stock after buying an additional 10,633 shares during the quarter. Townsquare Capital LLC's holdings in Honda Motor were worth $773,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in HMC. Arrowstreet Capital Limited Partnership purchased a new stake in Honda Motor in the 4th quarter worth $23,272,000. Raymond James Financial Inc. acquired a new stake in Honda Motor in the 4th quarter worth about $11,909,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Honda Motor by 153.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock worth $19,074,000 after buying an additional 404,883 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new position in shares of Honda Motor during the fourth quarter valued at approximately $4,772,000. Finally, OLD Mission Capital LLC purchased a new position in shares of Honda Motor in the fourth quarter valued at approximately $3,964,000. 5.32% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently commented on the company. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock.
View Our Latest Analysis on HMC
Honda Motor Price Performance
Shares of HMC stock traded up $0.41 during trading hours on Thursday, reaching $30.09. The company had a trading volume of 280,932 shares, compared to its average volume of 1,073,468. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 6.99 and a beta of 0.57. The stock has a fifty day moving average of $28.20 and a 200-day moving average of $28.16.
Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The firm had revenue of $36.31 billion for the quarter, compared to analysts' expectations of $35.31 billion. On average, equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share 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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