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

Balyasny Asset Management L.P. bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing 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 hedge funds have also recently modified their holdings of HMC. Asset Planning Inc bought a new position in shares of Honda Motor during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Honda Motor during the 4th quarter worth approximately $26,000. R Squared Ltd bought a new position in shares of Honda Motor during the 4th quarter worth approximately $30,000. Manchester Capital Management LLC bought a new position in shares of Honda Motor during the 4th quarter worth approximately $40,000. Finally, National Bank of Canada FI raised its holdings in shares of Honda Motor by 277.7% in the 4th quarter. National Bank of Canada FI now owns 1,809 shares of the company's stock worth $52,000 after purchasing an additional 1,330 shares during the period. Institutional investors own 5.32% of the company's stock.

Honda Motor Trading Up 1.5%

NYSE:HMC opened at $30.93 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.27 billion, a PE ratio of 7.19 and a beta of 0.55. The firm's 50 day moving average is $28.94 and its 200 day moving average is $28.07. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.06.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion for the quarter, compared to analysts' expectations of $35.31 billion. Sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock.

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.

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