Honda Motor Co., Ltd. (NYSE:HMC) Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 4,016.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,944 shares of the company's stock after purchasing an additional 138,496 shares during the quarter. GAMMA Investing LLC's holdings in Honda Motor were worth $38,510,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership bought a new stake in Honda Motor during the fourth quarter worth approximately $23,272,000. Northern Trust Corp raised 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 purchasing an additional 452,624 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Honda Motor during the fourth quarter worth approximately $11,909,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock worth $19,074,000 after purchasing an additional 404,883 shares in the last quarter. Finally, Tiger Pacific Capital LP bought a new position in shares of Honda Motor in the fourth quarter valued at $8,225,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Price Performance

Shares of NYSE HMC traded up $0.45 during trading on Friday, hitting $29.25. The company had a trading volume of 475,146 shares, compared to its average volume of 1,060,343. The company has a market cap of $45.66 billion, a P/E ratio of 6.80 and a beta of 0.51. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $33.72. The business's 50-day moving average is $29.11 and its 200 day moving average is $28.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The firm had revenue of $36.25 billion for the quarter, compared to analysts' expectations of $5,371.99 billion. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on HMC. Dbs Bank cut Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Sanford C. Bernstein began coverage on Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. Finally, Wall Street Zen cut Honda Motor from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

Honda Motor Company 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.