Tiger Pacific Capital LP Makes New $8.23 Million Investment in Honda Motor Co., Ltd. (NYSE:HMC)

Tiger Pacific Capital LP acquired a new position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 288,100 shares of the company's stock, valued at approximately $8,225,000. Honda Motor accounts for approximately 2.2% of Tiger Pacific Capital LP's investment portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HMC. JPMorgan Chase & Co. grew its position in shares of Honda Motor by 22.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company's stock worth $1,832,000 after buying an additional 10,720 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in Honda Motor during the 4th quarter worth $4,772,000. Royal Fund Management LLC acquired a new stake in Honda Motor during the 4th quarter worth $1,223,000. Crossmark Global Holdings Inc. raised its position in shares of Honda Motor by 19.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 181,431 shares of the company's stock valued at $5,180,000 after acquiring an additional 29,108 shares during the last quarter. Finally, True North Advisors LLC acquired a new position in shares of Honda Motor in the 4th quarter valued at $274,000. 5.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HMC shares. Sanford C. Bernstein started coverage on Honda Motor in a research report on Monday, April 14th. They issued a "market perform" rating on the stock. StockNews.com lowered Honda Motor from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. 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 Up 1.1%

NYSE:HMC traded up $0.32 during trading hours on Tuesday, hitting $29.59. The stock had a trading volume of 488,453 shares, compared to its average volume of 1,069,487. The business's 50 day moving average is $28.98 and its 200-day moving average is $28.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The company has a market cap of $46.19 billion, a price-to-earnings ratio of 6.88 and a beta of 0.55. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $33.96.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.54). The firm had revenue of $36.25 billion during the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. Sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal 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.