Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Mariner LLC

Mariner LLC cut its position in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,414 shares of the company's stock after selling 13,774 shares during the period. Mariner LLC's holdings in Honda Motor were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Honda Motor in the fourth quarter worth approximately $11,909,000. XY Capital Ltd purchased a new position in shares of Honda Motor in the 4th quarter worth approximately $1,294,000. OLD Mission Capital LLC acquired a new position in Honda Motor during the 4th quarter valued at about $3,964,000. Landscape Capital Management L.L.C. grew its holdings in shares of Honda Motor by 347.2% during the fourth quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company's stock valued at $1,603,000 after buying an additional 43,582 shares during the last quarter. Finally, Hedges Asset Management LLC lifted 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 worth $799,000 after purchasing an additional 13,400 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HMC. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Sanford C. Bernstein assumed coverage on Honda Motor in a report on Monday, April 14th. They set a "market perform" rating for the company.

Honda Motor Price Performance

Shares of HMC traded up $0.17 on Tuesday, reaching $30.68. The stock had a trading volume of 67,140 shares, compared to its average volume of 1,070,722. The firm has a 50-day moving average of $28.34 and a 200 day moving average of $28.08. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $47.89 billion, a PE ratio of 7.13 and a beta of 0.57. Honda Motor Co., Ltd. has a twelve month low of $23.41 and a twelve month high of $34.99.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion during the quarter, compared to analysts' expectations of $35.31 billion. Sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

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.