Versant Capital Management Inc Buys 11,595 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Versant Capital Management Inc increased its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 10,836.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,702 shares of the company's stock after purchasing an additional 11,595 shares during the period. Versant Capital Management Inc's holdings in Honda Motor were worth $317,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. raised its position in Honda Motor by 40.7% during the fourth quarter. Blue Trust Inc. now owns 11,720 shares of the company's stock valued at $335,000 after purchasing an additional 3,391 shares during the period. R Squared Ltd purchased a new stake in Honda Motor during the fourth quarter valued at approximately $30,000. New Wave Wealth Advisors LLC purchased a new stake in Honda Motor during the fourth quarter valued at approximately $159,000. Total Clarity Wealth Management Inc. raised its position in Honda Motor by 11.8% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 7,720 shares of the company's stock valued at $220,000 after purchasing an additional 812 shares during the period. Finally, Optas LLC raised its position in Honda Motor by 82.1% during the fourth quarter. Optas LLC now owns 11,646 shares of the company's stock valued at $332,000 after purchasing an additional 5,251 shares during the period. Institutional investors own 5.32% of the company's stock.

Analyst Ratings Changes

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

Honda Motor Trading Down 2.0%

Shares of HMC traded down $0.59 during mid-day trading on Wednesday, reaching $29.49. 290,110 shares of the company's stock traded hands, compared to its average volume of 1,058,264. The stock has a market cap of $46.03 billion, a P/E ratio of 6.86 and a beta of 0.54. The stock's 50-day moving average is $28.98 and its two-hundred day moving average is $28.20. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $33.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.25 billion for the quarter, compared to the consensus estimate of $5,371.99 billion. Research analysts forecast 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.