Russell Investments Group Ltd. Acquires 27,713 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Russell Investments Group Ltd. increased its stake in Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 216.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,504 shares of the company's stock after acquiring an additional 27,713 shares during the quarter. Russell Investments Group Ltd.'s holdings in Honda Motor were worth $1,156,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Honda Motor in the fourth quarter valued at $11,909,000. XY Capital Ltd acquired a new position in Honda Motor during the fourth quarter valued at $1,294,000. OLD Mission Capital LLC purchased a new stake in Honda Motor in the 4th quarter worth about $3,964,000. Landscape Capital Management L.L.C. boosted its position in Honda Motor by 347.2% during the 4th quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company's stock worth $1,603,000 after acquiring an additional 43,582 shares during the period. Finally, Hedges Asset Management LLC grew its stake in Honda Motor by 91.8% during the 4th 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 and hedge funds.

Honda Motor Stock Down 0.1 %

HMC traded down $0.02 during trading on Friday, reaching $30.12. 152,452 shares of the stock traded hands, compared to its average volume of 1,074,428. The stock's 50-day simple moving average is $28.22 and its two-hundred day simple moving average is $28.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a fifty-two week low of $23.41 and a fifty-two week high of $34.99. The stock has a market cap of $47.01 billion, a price-to-earnings ratio of 7.00 and a beta of 0.57.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.37. The business had revenue of $36.31 billion during 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%. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.