Tower Research Capital LLC TRC Sells 8,854 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Tower Research Capital LLC TRC reduced its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,462 shares of the company's stock after selling 8,854 shares during the period. Tower Research Capital LLC TRC's holdings in Honda Motor were worth $99,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Asset Planning Inc acquired a new stake in Honda Motor during the 4th quarter valued at $25,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Honda Motor in the fourth quarter valued at about $26,000. R Squared Ltd acquired a new position in Honda Motor during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor during the 3rd quarter worth about $36,000. Finally, Manchester Capital Management LLC acquired a new stake in Honda Motor in the 4th quarter valued at about $40,000. Institutional investors own 5.32% of the company's stock.

Honda Motor Stock Performance

Shares of HMC stock opened at $30.45 on Friday. The stock has a 50-day moving average of $28.90 and a 200-day moving average of $28.09. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.55. The stock has a market cap of $47.53 billion, a PE ratio of 7.08 and a beta of 0.55. 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 (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.37. The business had revenue of $36.31 billion during the quarter, compared to analysts' expectations of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on HMC shares. Sanford C. Bernstein began coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating on the stock. StockNews.com raised Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th.

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.

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