Schonfeld Strategic Advisors LLC Buys Shares of 43,006 Honda Motor Co., Ltd. (NYSE:HMC)

Schonfeld Strategic Advisors LLC bought a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,006 shares of the company's stock, valued at approximately $1,228,000.

A number of other hedge funds also recently modified their holdings of the business. First Trust Advisors LP lifted its holdings in shares of Honda Motor by 11.0% in the fourth quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock valued at $45,517,000 after purchasing an additional 158,072 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Honda Motor by 69.9% in the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock valued at $31,396,000 after purchasing an additional 452,624 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Honda Motor in the fourth quarter valued at $23,272,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Honda Motor by 153.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after purchasing an additional 404,883 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of Honda Motor by 13.1% in the fourth quarter. Brandes Investment Partners LP now owns 570,169 shares of the company's stock valued at $16,278,000 after purchasing an additional 66,030 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Stock Down 4.8%

Shares of NYSE:HMC traded down $1.50 during midday trading on Tuesday, hitting $29.43. 947,034 shares of the stock were exchanged, compared to its average volume of 1,067,098. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.06. The business's fifty day simple moving average is $28.94 and its two-hundred day simple moving average is $28.07. The company has a market capitalization of $45.94 billion, a PE ratio of 6.84 and a beta of 0.55.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company.

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.