Two Sigma Investments LP raised its position in Honda Motor Co Ltd (NYSE:HMC) by 513.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 49,782 shares of the company’s stock after buying an additional 41,669 shares during the period. Two Sigma Investments LP’s holdings in Honda Motor Co were worth $1,453,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of HMC. O Shaughnessy Asset Management LLC boosted its position in Honda Motor Co by 174.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,437 shares of the company’s stock worth $100,000 after buying an additional 2,183 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in Honda Motor Co during the third quarter worth about $101,000. Creative Planning increased its stake in Honda Motor Co by 69.7% in the third quarter. Creative Planning now owns 4,057 shares of the company’s stock worth $117,000 after buying an additional 1,666 shares during the last quarter. Smithfield Trust Co. increased its stake in Honda Motor Co by 0.8% in the third quarter. Smithfield Trust Co. now owns 6,311 shares of the company’s stock worth $182,000 after buying an additional 50 shares during the last quarter. Finally, Opus Capital Group LLC purchased a new stake in Honda Motor Co during the third quarter worth about $207,000. 3.04% of the stock is currently owned by institutional investors.
Shares of Honda Motor Co Ltd (NYSE:HMC) opened at 30.99 on Tuesday. The company has a market cap of $55.85 billion, a P/E ratio of 14.96 and a beta of 1.16. The firm has a 50-day moving average price of $31.13 and a 200-day moving average price of $30.01. Honda Motor Co Ltd has a 1-year low of $24.03 and a 1-year high of $32.17.
Honda Motor Co (NYSE:HMC) last posted its earnings results on Friday, February 3rd. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.52 by $0.28. The firm had revenue of $3,501 billion for the quarter, compared to analyst estimates of $112.66 million. Honda Motor Co had a return on equity of 6.32% and a net margin of 3.17%. During the same period last year, the company earned $68.91 earnings per share. On average, equities analysts expect that Honda Motor Co Ltd will post $2.76 EPS for the current year.
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A number of analysts have issued reports on HMC shares. Jefferies Group LLC set a $37.00 price objective on Honda Motor Co and gave the stock a “buy” rating in a research note on Thursday, February 23rd. Zacks Investment Research raised Honda Motor Co from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, January 17th. Finally, Macquarie raised Honda Motor Co from a “neutral” rating to an “outperform” rating in a research note on Friday, February 3rd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Honda Motor Co currently has an average rating of “Hold” and an average target price of $33.88.
Honda Motor Co Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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