CANADA LIFE ASSURANCE Co raised its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 102.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,592 shares of the company's stock after buying an additional 12,421 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Honda Motor were worth $702,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new position in Honda Motor during the 4th quarter worth $23,272,000. Raymond James Financial Inc. acquired a new position in Honda Motor in the fourth quarter worth about $11,909,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Honda Motor by 153.8% in 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. Gilman Hill Asset Management LLC bought a new stake in Honda Motor in the fourth quarter valued at about $4,772,000. Finally, OLD Mission Capital LLC acquired a new stake in Honda Motor during the fourth quarter valued at approximately $3,964,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Stock Performance
NYSE HMC traded up $0.36 during trading hours on Friday, reaching $30.69. The company's stock had a trading volume of 563,084 shares, compared to its average volume of 1,068,248. 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 business has a 50-day simple moving average of $28.55 and a 200 day simple moving average of $28.10. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.99. The stock has a market cap of $47.90 billion, a PE ratio of 7.14 and a beta of 0.57.
Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. The firm had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein initiated coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating for the company.
Check Out Our Latest Analysis on Honda Motor
Honda Motor Profile
(
Free Report)
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.
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