NINE MASTS CAPITAL Ltd lessened its holdings in Honda Motor Company, Ltd. (NYSE:HMC) by 78.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,733 shares of the company’s stock after selling 83,051 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in Honda Motor were worth $619,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mascoma Wealth Management LLC acquired a new stake in Honda Motor in the second quarter worth about $103,000. IFP Advisors Inc lifted its holdings in shares of Honda Motor by 13.2% during the second quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after purchasing an additional 571 shares during the period. Pacad Investment Ltd. lifted its holdings in shares of Honda Motor by 6.3% during the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Honda Motor during the first quarter worth about $157,000. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Honda Motor by 105.0% during the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock worth $149,000 after purchasing an additional 2,735 shares during the period. 2.58% of the stock is owned by institutional investors and hedge funds.
HMC has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 target price on shares of Honda Motor in a report on Friday, May 26th. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 5th. Zacks Investment Research raised Honda Motor from a “sell” rating to a “hold” rating in a report on Monday, June 5th. ValuEngine downgraded Honda Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.50.
Honda Motor Company, Ltd. (NYSE HMC) traded up 0.38% during midday trading on Friday, hitting $29.34. The company had a trading volume of 403,471 shares. The firm has a 50-day moving average price of $28.13 and a 200-day moving average price of $28.60. Honda Motor Company, Ltd. has a 12 month low of $27.05 and a 12 month high of $32.17. The company has a market cap of $52.88 billion, a price-to-earnings ratio of 8.86 and a beta of 1.01.
Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $3,713 billion during the quarter, compared to analysts’ expectations of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The business’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $96.93 EPS. Equities analysts anticipate that Honda Motor Company, Ltd. will post $2.76 EPS for the current year.
Honda Motor 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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