Cubist Systematic Strategies LLC Sells 20,906 Shares of Honda Motor Co Ltd (HMC)

Cubist Systematic Strategies LLC cut its holdings in shares of Honda Motor Co Ltd (NYSE:HMC) by 67.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,319 shares of the company’s stock after selling 20,906 shares during the period. Cubist Systematic Strategies LLC’s holdings in Honda Motor were worth $305,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HMC. Pacad Investment Ltd. boosted its position in Honda Motor by 6.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after buying an additional 300 shares during the period. SG Americas Securities LLC boosted its position in Honda Motor by 7.3% during the 2nd quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock worth $152,000 after buying an additional 377 shares during the period. Raymond James Trust N.A. acquired a new stake in Honda Motor during the 3rd quarter worth approximately $204,000. Eagle Asset Management Inc. acquired a new position in shares of Honda Motor in the 3rd quarter worth approximately $208,000. Finally, Stevens Capital Management LP acquired a new position in shares of Honda Motor in the 2nd quarter worth approximately $240,000. Institutional investors and hedge funds own 2.37% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Honda Motor from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, December 12th. ValuEngine upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. UBS Group upgraded shares of Honda Motor from an “underweight” rating to a “neutral” rating in a research note on Friday, November 17th. Finally, Jefferies Group reiterated a “buy” rating and issued a $36.36 price objective on shares of Honda Motor in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $36.68.

Shares of Honda Motor Co Ltd (NYSE:HMC) opened at $35.46 on Friday. The firm has a market cap of $63,290.00, a price-to-earnings ratio of 11.12, a PEG ratio of 2.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.96. Honda Motor Co Ltd has a one year low of $27.05 and a one year high of $35.53.

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About Honda Motor

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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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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