Connor Clark & Lunn Investment Management Ltd. Cuts Position in Honda Motor Co., Ltd. (NYSE:HMC)

Connor Clark & Lunn Investment Management Ltd. reduced its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 75.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 166,548 shares of the company's stock after selling 501,544 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Honda Motor were worth $4,518,000 as of its most recent SEC filing.

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

Honda Motor Stock Up 0.4%

Shares of NYSE HMC traded up $0.14 during trading on Friday, reaching $33.39. The company had a trading volume of 570,701 shares, compared to its average volume of 1,173,446. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $34.51. The stock has a market cap of $52.12 billion, a PE ratio of 11.55, a P/E/G ratio of 1.00 and a beta of 0.52. The business's 50-day moving average is $30.76 and its 200 day moving average is $29.46. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. The company had revenue of $36.22 billion for the quarter, compared to analysts' expectations of $36.04 billion. As a group, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HMC has been the subject of several research reports. Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Macquarie downgraded Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Finally, Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Honda Motor currently has a consensus rating of "Hold".

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.