Blueshift Asset Management LLC Buys New Shares in Honda Motor Co., Ltd. (NYSE:HMC)

Blueshift Asset Management LLC purchased a new position in Honda Motor Co., Ltd. (NYSE:HMC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,099 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HMC. Ballentine Partners LLC grew its position in Honda Motor by 3.4% during the second quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock worth $353,000 after buying an additional 359 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Honda Motor by 1.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock worth $829,000 after purchasing an additional 389 shares in the last quarter. Harrington Investments INC increased its position in shares of Honda Motor by 1.0% during the second quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock valued at $1,284,000 after purchasing an additional 410 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Honda Motor by 8.3% in the first quarter. EverSource Wealth Advisors LLC now owns 6,066 shares of the company’s stock valued at $206,000 after purchasing an additional 463 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Honda Motor by 0.6% in the third quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after purchasing an additional 495 shares during the period. Institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

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

Honda Motor Trading Down 0.9 %

Shares of HMC opened at $25.63 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The company has a 50-day moving average price of $29.75 and a two-hundred day moving average price of $31.24. Honda Motor Co., Ltd. has a 12 month low of $25.56 and a 12 month high of $37.90.

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

About Honda Motor

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.