Balyasny Asset Management L.P. Makes New Investment in Honda Motor Co., Ltd. (NYSE:HMC)

Balyasny Asset Management L.P. bought a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 70,107 shares of the company's stock, valued at approximately $2,002,000.

Several other large investors have also recently made changes to their positions in HMC. Baird Financial Group Inc. increased its holdings in Honda Motor by 32.3% in the 4th quarter. Baird Financial Group Inc. now owns 123,262 shares of the company's stock worth $3,519,000 after acquiring an additional 30,119 shares during the last quarter. Bank of America Corp DE increased its holdings in Honda Motor by 6.9% in the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock worth $35,846,000 after acquiring an additional 81,548 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Honda Motor by 160.9% in the 4th quarter. BNP Paribas Financial Markets now owns 6,549 shares of the company's stock worth $187,000 after acquiring an additional 4,039 shares during the last quarter. Westbourne Investments Inc. purchased a new position in Honda Motor during the 4th quarter valued at about $420,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Honda Motor during the 4th quarter valued at about $1,228,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Trading Up 1.2%

HMC stock traded up $0.34 during midday trading on Friday, hitting $29.16. The company had a trading volume of 638,583 shares, compared to its average volume of 1,074,249. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.05. The stock's 50 day moving average price is $28.96 and its 200 day moving average price is $28.02. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 6.78 and a beta of 0.55.

Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.25 billion for the quarter, compared to analysts' expectations of $5,371.99 billion. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HMC shares. Sanford C. Bernstein started coverage on Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company. Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, StockNews.com downgraded Honda Motor from a "buy" rating to a "hold" rating in a research report on Wednesday.

About Honda Motor

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.