Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Summit Global Investments

Summit Global Investments trimmed its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,621 shares of the company’s stock after selling 10,365 shares during the period. Summit Global Investments’ holdings in Honda Motor were worth $2,748,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMC. Allspring Global Investments Holdings LLC purchased a new position in shares of Honda Motor during the first quarter worth about $125,000. Private Advisor Group LLC grew its stake in Honda Motor by 9.3% during the 1st quarter. Private Advisor Group LLC now owns 10,389 shares of the company’s stock worth $387,000 after buying an additional 883 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Honda Motor by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,861 shares of the company’s stock worth $702,000 after buying an additional 395 shares during the period. LSV Asset Management lifted its stake in Honda Motor by 2.5% in the first quarter. LSV Asset Management now owns 502,342 shares of the company’s stock valued at $18,702,000 after buying an additional 12,200 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Honda Motor in the first quarter valued at approximately $227,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Price Performance

NYSE HMC opened at $27.75 on Friday. The firm’s fifty day moving average is $31.52 and its two-hundred day moving average is $32.10. Honda Motor Co., Ltd. has a one year low of $27.27 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The firm had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. On average, analysts forecast that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current fiscal year.

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.