Blueshift Asset Management LLC Invests $316,000 in Honda Motor Co., Ltd. (NYSE:HMC)

Key Points

• Blueshift Asset Management LLC purchased a new stake of 11,664 shares in Honda Motor Co., Ltd. (NYSE:HMC) worth approximately $316,000 during the 1st quarter.
• Honda Motor recently reported earnings of $0.18 EPS, significantly missing analysts' expectations of $0.72, amid a revenue of $36.25 billion.
• Recent research reports have led to multiple downgrades in Honda Motor’s stock ratings, with the average rating now classified as a "Hold."

Blueshift Asset Management LLC acquired a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 11,664 shares of the company's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HMC. Northern Trust Corp raised its stake in Honda Motor by 69.9% in the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock worth $31,396,000 after acquiring an additional 452,624 shares during the last quarter. Tiger Pacific Capital LP acquired a new stake in Honda Motor during the 4th quarter worth about $8,225,000. LMR Partners LLP grew its position in Honda Motor by 2,077.5% during the 4th quarter. LMR Partners LLP now owns 225,000 shares of the company's stock worth $6,424,000 after purchasing an additional 214,667 shares during the period. First Trust Advisors LP grew its position in Honda Motor by 11.0% during the 4th quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock worth $45,517,000 after purchasing an additional 158,072 shares during the period. Finally, GAMMA Investing LLC grew its position in Honda Motor by 4,016.7% during the 1st quarter. GAMMA Investing LLC now owns 141,944 shares of the company's stock worth $38,510,000 after purchasing an additional 138,496 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.

Wall Street Analysts Forecast Growth

HMC has been the topic of several analyst reports. Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Sanford C. Bernstein began coverage on shares of Honda Motor in a research note on Monday, April 14th. They issued a "market perform" rating on the stock. Finally, Wall Street Zen lowered shares of Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Honda Motor presently has a consensus rating of "Hold".

Honda Motor Stock Down 2.4%

Shares of NYSE:HMC traded down $0.79 during trading on Thursday, hitting $31.59. The company's stock had a trading volume of 73,429 shares, compared to its average volume of 1,091,891. The business has a 50 day moving average price of $30.32 and a two-hundred day moving average price of $29.25. The company has a market capitalization of $49.31 billion, a PE ratio of 9.05, a P/E/G ratio of 1.23 and a beta of 0.52. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.51.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. As a group, research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

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.