Corient IA LLC Invests $271,000 in Honda Motor Co., Ltd. $HMC

Key Points

• Corient IA LLC has acquired a new position in Honda Motor Co., purchasing 10,000 shares valued at approximately $271,000 during the first quarter.
• Several hedge funds have increased their stakes in Honda, with Northern Trust Corp boosting its position by 69.9% in the fourth quarter.
• Honda recently reported earnings of $0.97 per share, surpassing analysts' expectations, and has a consensus rating of "Hold" from five investment analysts.

Corient IA LLC acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HMC. Northern Trust Corp grew its holdings in 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 acquiring an additional 452,624 shares during the period. Tiger Pacific Capital LP acquired a new position in Honda Motor during the fourth quarter worth $8,225,000. LMR Partners LLP grew its holdings in Honda Motor by 2,077.5% during the fourth quarter. LMR Partners LLP now owns 225,000 shares of the company's stock worth $6,424,000 after acquiring an additional 214,667 shares during the period. First Trust Advisors LP grew its holdings in Honda Motor by 11.0% during the fourth quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock worth $45,517,000 after acquiring an additional 158,072 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Honda Motor by 4,016.7% during the first quarter. GAMMA Investing LLC now owns 141,944 shares of the company's stock worth $38,510,000 after acquiring an additional 138,496 shares during the period. Institutional investors and hedge funds own 5.32% of the company's stock.

Analyst Ratings Changes

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

Honda Motor Price Performance

Shares of HMC traded up $0.67 during trading hours on Friday, reaching $34.59. 1,066,406 shares of the company traded hands, compared to its average volume of 992,279. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $53.99 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.02 and a beta of 0.52. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.70. The stock has a fifty day simple moving average of $31.26 and a 200 day simple moving average of $29.68.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping 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 firm had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. As a group, research analysts predict 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.