Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC decreased its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 56.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,480 shares of the company’s stock after selling 8,326 shares during the quarter. Cable Hill Partners LLC’s holdings in Honda Motor were worth $206,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HMC. Allspring Global Investments Holdings LLC acquired a new position in Honda Motor in the first quarter worth approximately $125,000. Envestnet Portfolio Solutions Inc. grew its position in Honda Motor by 2.1% in 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 last quarter. Quantbot Technologies LP acquired a new position in Honda Motor in the 1st quarter worth approximately $227,000. Russell Investments Group Ltd. boosted its stake in Honda Motor by 35.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,866 shares of the company’s stock worth $218,000 after purchasing an additional 1,531 shares during the period. Finally, SageView Advisory Group LLC acquired a new position in Honda Motor in the 1st quarter worth approximately $707,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Ratings Changes

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

Honda Motor Stock Performance

Honda Motor stock opened at $25.79 on Friday. The company has a 50 day moving average price of $30.94 and a 200 day moving average price of $31.84. Honda Motor Co., Ltd. has a 52 week low of $25.57 and a 52 week high of $37.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The firm had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current 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.