Squarepoint Ops LLC Has $497,000 Holdings in Honda Motor Co., Ltd. $HMC

Key Points

• Squarepoint Ops LLC reduced its Honda Motor stake by 67.2% in the second quarter, selling 37,510 shares and retaining 18,341 shares valued at approximately $497,000.
• Other institutional investors were more active on the buy side, including BlackRock, which increased its holdings by 35.2%, while institutional investors and hedge funds collectively owned 5.32% of Honda’s stock.
• Honda shares opened at $32.23, near the midpoint of their $23.25–$34.16 annual range. Analyst sentiment was mixed but leaned positive, with a consensus “Moderate Buy” rating and an average price target of $34.00.

Squarepoint Ops LLC cut its holdings in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 67.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,341 shares of the company's stock after selling 37,510 shares during the period. Squarepoint Ops LLC's holdings in Honda Motor were worth $497,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Auto Owners Insurance Co lifted its position in shares of Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company's stock worth $25,303,000 after buying an additional 8,414,952 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in shares of Honda Motor in the 2nd quarter valued at approximately $109,593,000. BlackRock Inc. lifted its holdings in Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company's stock worth $72,004,000 after purchasing an additional 691,165 shares during the last quarter. XY Capital Ltd acquired a new position in Honda Motor during the second quarter valued at approximately $7,032,000. Finally, First Trust Advisors LP raised its position in shares of Honda Motor by 16.5% in the first quarter. First Trust Advisors LP now owns 1,395,747 shares of the company's stock valued at $33,931,000 after purchasing an additional 197,431 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Price Performance

Honda Motor stock opened at $32.23 on Monday. The business has a 50 day simple moving average of $30.95 and a 200 day simple moving average of $27.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. The company has a market capitalization of $50.30 billion, a PE ratio of -46.04 and a beta of 0.44. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.16.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. The firm had revenue of $37.27 billion for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 2.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HMC has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Honda Motor from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Honda Motor in a research report on Monday, August 31st. Zacks Research upgraded shares of Honda Motor from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. Finally, BNP Paribas Exane started coverage on Honda Motor in a research report on Friday. They set a "neutral" rating and a $34.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

Honda Motor Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda's automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.

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