Millennium Management LLC Sells 646,380 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Millennium Management LLC decreased its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 72.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,161 shares of the company's stock after selling 646,380 shares during the quarter. Millennium Management LLC's holdings in Honda Motor were worth $6,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HMC. Arrowstreet Capital Limited Partnership acquired a new position in Honda Motor during the 4th quarter worth $23,272,000. Northern Trust Corp increased its position in Honda Motor by 69.9% in the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Honda Motor during the 4th quarter worth about $11,909,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Honda Motor by 153.8% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock worth $19,074,000 after buying an additional 404,883 shares in the last quarter. Finally, LMR Partners LLP increased its holdings in Honda Motor by 2,077.5% during the 4th quarter. LMR Partners LLP now owns 225,000 shares of the company's stock valued at $6,424,000 after purchasing an additional 214,667 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Sanford C. Bernstein assumed coverage on Honda Motor in a research report on Monday, April 14th. They issued a "market perform" rating on the stock. Wall Street Zen lowered Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th.

Honda Motor Trading Down 0.1%

Shares of NYSE:HMC traded down $0.03 during midday trading on Friday, hitting $30.51. The company had a trading volume of 754,484 shares, compared to its average volume of 1,061,312. The stock has a market cap of $47.62 billion, a price-to-earnings ratio of 7.10 and a beta of 0.54. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $33.73. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $28.95 and a 200 day simple moving average of $28.14.

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

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.