ABC Arbitrage SA Invests $1.52 Million in Honda Motor Co., Ltd. (NYSE:HMC)

Key Points

• ABC Arbitrage SA acquired 56,045 shares of Honda Motor Co., Ltd. in the first quarter, valued at around $1,521,000.
• Several hedge funds have significantly increased their stakes in Honda, with Bessemer Group Inc. raising its position by 460.2%.
• Honda Motor has recently seen downgrades in ratings from analysts, with Wall Street Zen lowering its rating from "hold" to "sell."

ABC Arbitrage SA bought a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 56,045 shares of the company's stock, valued at approximately $1,521,000.

Several other hedge funds also recently modified their holdings of HMC. Lido Advisors LLC boosted its stake in Honda Motor by 2.1% in the fourth quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock valued at $535,000 after acquiring an additional 385 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after purchasing an additional 417 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Honda Motor by 17.7% during the first quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company's stock worth $80,000 after purchasing an additional 444 shares during the period. Harbour Investments Inc. increased its holdings in Honda Motor by 9.2% in the first quarter. Harbour Investments Inc. now owns 6,142 shares of the company's stock valued at $167,000 after purchasing an additional 520 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in Honda Motor by 9.7% in the first quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company's stock valued at $169,000 after buying an additional 549 shares during the period. Institutional investors own 5.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HMC. Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Honda Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Finally, Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, Honda Motor presently has a consensus rating of "Hold".

Honda Motor Stock Up 2.5%

Shares of NYSE HMC traded up $0.78 during mid-day trading on Wednesday, reaching $32.40. 1,085,354 shares of the company's stock were exchanged, compared to its average volume of 1,221,958. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.51. The company has a current ratio of 1.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $50.56 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 1.23 and a beta of 0.52. The business has a fifty day simple moving average of $30.27 and a 200 day simple moving average of $29.23.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.54). The company had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a return on equity of 6.33% and a net margin of 3.82%. As a group, equities 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.