Honda Motor Co., Ltd. (NYSE:HMC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 31.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,382 shares of the company’s stock after acquiring an additional 564 shares during the period. GAMMA Investing LLC’s holdings in Honda Motor were worth $76,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Seven Eight Capital LP acquired a new stake in Honda Motor during the first quarter valued at $1,509,000. Cubist Systematic Strategies LLC bought a new stake in shares of Honda Motor during the second quarter worth $3,595,000. Park Avenue Securities LLC increased its holdings in shares of Honda Motor by 76.4% in the third quarter. Park Avenue Securities LLC now owns 41,358 shares of the company’s stock valued at $1,312,000 after purchasing an additional 17,908 shares in the last quarter. Blue Trust Inc. increased its position in Honda Motor by 179.6% in the second quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock worth $112,000 after purchasing an additional 2,233 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Honda Motor during the 2nd quarter valued at $5,396,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

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

Honda Motor Trading Down 3.8 %

Shares of Honda Motor stock opened at $30.68 on Wednesday. Honda Motor Co., Ltd. has a 52-week low of $27.69 and a 52-week high of $37.90. The firm has a 50-day moving average of $31.79 and a 200-day moving average of $32.70. 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 market cap of $52.47 billion, a PE ratio of 6.50, a PEG ratio of 2.76 and a beta of 0.67.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.19 by $0.38. The company had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.6 EPS 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.