Logan Capital Management Inc. Purchases 27,336 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Logan Capital Management Inc. lifted its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 29.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,643 shares of the company's stock after acquiring an additional 27,336 shares during the quarter. Logan Capital Management Inc.'s holdings in Honda Motor were worth $3,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HMC. Raymond James Financial Inc. bought a new stake in Honda Motor in the fourth quarter worth approximately $11,909,000. OLD Mission Capital LLC bought a new stake in Honda Motor in the fourth quarter worth approximately $3,964,000. XY Capital Ltd bought a new stake in Honda Motor in the fourth quarter worth approximately $1,294,000. Landscape Capital Management L.L.C. increased its holdings in Honda Motor by 347.2% in the fourth quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company's stock worth $1,603,000 after purchasing an additional 43,582 shares in the last quarter. Finally, Hedges Asset Management LLC increased its holdings in shares of Honda Motor by 91.8% during the fourth quarter. Hedges Asset Management LLC now owns 28,000 shares of the company's stock valued at $799,000 after acquiring an additional 13,400 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Up 1.2%

Shares of NYSE HMC traded up $0.34 during midday trading on Friday, hitting $29.16. 638,583 shares of the stock traded hands, compared to its average volume of 1,074,249. The company has a market cap of $45.51 billion, a PE ratio of 6.78 and a beta of 0.55. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.05. The business has a 50 day moving average price of $28.96 and a two-hundred day moving average price of $28.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

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). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.25 billion for the quarter, compared to the consensus estimate of $5,371.99 billion. On average, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Ratings Changes

HMC has been the subject of several recent research reports. Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Sanford C. Bernstein initiated coverage on Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company. Finally, StockNews.com downgraded Honda Motor from a "buy" rating to a "hold" rating in a report on Wednesday.

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.