Great Lakes Advisors LLC Raises Stake in Subaru Corporation $FUJHY

Key Points

• Great Lakes Advisors LLC has raised its stake in Subaru Corporation by 26.8%, bringing its total holdings to 293,796 shares worth approximately $2.62 million.
• Subaru Corporation reported earnings of $0.26 per share, surpassing analyst estimates of $0.20, and had revenue of $8.23 billion for the quarter.
• The Goldman Sachs Group upgraded Subaru's rating from "neutral" to "buy," reflecting a positive sentiment towards the company's stock performance.

Great Lakes Advisors LLC increased its holdings in shares of Subaru Corporation (OTCMKTS:FUJHY - Free Report) by 26.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 293,796 shares of the company's stock after buying an additional 62,043 shares during the quarter. Great Lakes Advisors LLC's holdings in Subaru were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, GAMMA Investing LLC lifted its position in Subaru by 47.5% during the 1st quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock worth $121,000 after acquiring an additional 4,365 shares in the last quarter. Institutional investors and hedge funds own 0.01% of the company's stock.

Subaru Stock Performance

Shares of FUJHY opened at $10.54 on Thursday. Subaru Corporation has a one year low of $7.32 and a one year high of $10.75. The stock has a 50-day moving average price of $9.56 and a 200 day moving average price of $9.17. The company has a market capitalization of $15.45 billion, a P/E ratio of 7.47 and a beta of 0.40.

Subaru (OTCMKTS:FUJHY - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The company had revenue of $8.23 billion for the quarter, compared to analyst estimates of $7.32 billion. Subaru had a return on equity of 11.48% and a net margin of 6.40%. As a group, equities research analysts forecast that Subaru Corporation will post 1.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Subaru from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold".

About Subaru

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.

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