Fox Run Management L.L.C. Invests $234,000 in Honda Motor Co., Ltd. $HMC

Key Points

• Fox Run Management L.L.C. has initiated a position in Honda Motor Co., Ltd. with the purchase of 8,626 shares valued at approximately $234,000 in the first quarter.
• Several hedge funds have recently increased their stakes in Honda, notably Bessemer Group Inc., which boosted its holdings by 460.2% during the same period.
• Wall Street analysts maintain a consensus rating of "Hold" for Honda Motor stock, with some recent rating adjustments reflecting mixed sentiments about its performance.

Fox Run Management L.L.C. acquired a new stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,626 shares of the company's stock, valued at approximately $234,000.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Honda Motor presently has an average rating of "Hold".

Honda Motor Stock Down 0.6%

HMC stock traded down $0.19 during midday trading on Tuesday, reaching $34.08. The company had a trading volume of 777,167 shares, compared to its average volume of 950,786. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.70. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $53.19 billion, a P/E ratio of 11.79, a PEG ratio of 1.03 and a beta of 0.52. The company has a 50 day moving average of $31.44 and a two-hundred day moving average of $29.77.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The company had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. On average, equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share 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.