Acadian Asset Management LLC Boosts Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

Acadian Asset Management LLC boosted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 287.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,386 shares of the company’s stock after buying an additional 12,157 shares during the quarter. Acadian Asset Management LLC’s holdings in Honda Motor were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HMC. Naviter Wealth LLC boosted its holdings in Honda Motor by 14.1% in the 2nd quarter. Naviter Wealth LLC now owns 36,338 shares of the company’s stock worth $1,172,000 after buying an additional 4,478 shares during the period. Legacy Capital Wealth Partners LLC purchased a new position in shares of Honda Motor in the second quarter valued at $388,000. Natixis Advisors LLC grew its position in shares of Honda Motor by 3.7% in the second quarter. Natixis Advisors LLC now owns 207,908 shares of the company’s stock valued at $6,703,000 after purchasing an additional 7,449 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Honda Motor during the 2nd quarter valued at $28,000. Finally, Hantz Financial Services Inc. purchased a new stake in Honda Motor during the 2nd quarter worth about $1,309,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Price Performance

NYSE:HMC opened at $31.73 on Thursday. The firm has a market capitalization of $54.28 billion, a price-to-earnings ratio of 6.72, a P/E/G ratio of 2.88 and a beta of 0.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The stock has a fifty day moving average of $31.53 and a 200 day moving average of $33.28. Honda Motor Co., Ltd. has a 52-week low of $27.69 and a 52-week high of $37.90.

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 analysts’ consensus estimates of $1.19 by $0.38. The firm had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. On average, research analysts expect that Honda Motor Co., Ltd. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 11th.

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.