MAI Capital Management boosted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC – Free Report) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,722 shares of the company’s stock after buying an additional 1,908 shares during the quarter. MAI Capital Management’s holdings in Honda Motor were worth $416,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in HMC. Financial Management Professionals Inc. boosted its position in shares of Honda Motor by 1,148.3% during the 1st quarter. Financial Management Professionals Inc. now owns 1,111 shares of the company’s stock worth $29,000 after purchasing an additional 1,022 shares during the period. Credit Suisse AG boosted its position in shares of Honda Motor by 3,638.7% during the third quarter. Credit Suisse AG now owns 1,159 shares of the company’s stock worth $25,000 after buying an additional 1,128 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Honda Motor in the first quarter valued at $39,000. Vigilant Capital Management LLC purchased a new stake in shares of Honda Motor in the 1st quarter valued at $45,000. Finally, Ridgewood Investments LLC acquired a new position in Honda Motor during the 1st quarter worth about $49,000. 5.57% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Macquarie upgraded shares of Honda Motor from a “neutral” rating to an “outperform” rating in a research note on Friday, August 11th. StockNews.com initiated coverage on shares of Honda Motor in a research note on Thursday, August 17th. They set a “strong-buy” rating on the stock. UBS Group cut shares of Honda Motor from a “neutral” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Nomura downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Honda Motor Stock Up 2.3 %
HMC stock opened at $31.51 on Thursday. Honda Motor Co., Ltd. has a fifty-two week low of $21.43 and a fifty-two week high of $32.62. The company’s 50 day moving average price is $30.88 and its 200 day moving average price is $28.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.44. The firm has a market capitalization of $53.90 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.48 and a beta of 0.76.
Honda Motor Profile
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.
See Also
- Five stocks we like better than Honda Motor
- Dividend Payout Ratio Calculator
- Bear Market vs Recession: What Are the Differences?
- How to Invest in Communication Stocks
- 7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze
- How Technical Indicators Can Help You Find Oversold Stocks
- Auto Parts Stocks Shift Gears: Which is the Right One to Buy?
Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.
