Honda Motor Co., Ltd. (NYSE:HMC) Shares Bought by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC increased its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 1,392.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,539 shares of the company’s stock after acquiring an additional 129,259 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in Honda Motor were worth $4,396,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. HighTower Advisors LLC lifted its position in shares of Honda Motor by 12.6% in the 3rd quarter. HighTower Advisors LLC now owns 77,526 shares of the company’s stock valued at $2,458,000 after acquiring an additional 8,689 shares in the last quarter. Centiva Capital LP acquired a new stake in Honda Motor during the 3rd quarter worth approximately $288,000. Blueshift Asset Management LLC bought a new stake in shares of Honda Motor in the 3rd quarter valued at $320,000. Townsquare Capital LLC boosted its holdings in Honda Motor by 52.0% during the 3rd quarter. Townsquare Capital LLC now owns 16,455 shares of the company’s stock worth $522,000 after acquiring an additional 5,630 shares during the last quarter. Finally, Cadence Bank increased its position in shares of Honda Motor by 2.2% during the third quarter. Cadence Bank now owns 116,842 shares of the company’s stock valued at $3,707,000 after buying an additional 2,545 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 0.6 %

Honda Motor stock opened at $26.06 on Tuesday. The business’s 50-day simple moving average is $29.61 and its 200-day simple moving average is $31.15. Honda Motor Co., Ltd. has a 52 week low of $25.56 and a 52 week high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The firm had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.