Atria Investments Inc Boosts Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Atria Investments Inc lifted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,075 shares of the company’s stock after acquiring an additional 662 shares during the period. Atria Investments Inc’s holdings in Honda Motor were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMC. Assetmark Inc. raised its holdings in Honda Motor by 3.7% in the third quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock worth $8,924,000 after purchasing an additional 9,978 shares in the last quarter. Cozad Asset Management Inc. bought a new position in shares of Honda Motor in the 3rd quarter worth about $212,000. Forum Financial Management LP lifted its position in Honda Motor by 1.3% during the 3rd quarter. Forum Financial Management LP now owns 44,457 shares of the company’s stock valued at $1,411,000 after acquiring an additional 587 shares during the period. BSW Wealth Partners boosted its stake in Honda Motor by 11.7% during the third quarter. BSW Wealth Partners now owns 22,443 shares of the company’s stock worth $712,000 after acquiring an additional 2,343 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Honda Motor by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after acquiring an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Up 1.7 %

Honda Motor stock opened at $26.67 on Friday. Honda Motor Co., Ltd. has a 12 month low of $25.57 and a 12 month high of $37.90. The company has a market capitalization of $45.61 billion, a price-to-earnings ratio of 6.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. The business’s fifty day simple moving average is $30.22 and its two-hundred day simple moving average is $31.46. 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. As a group, equities analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Honda Motor 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.