Cerity Partners LLC Purchases 10,737 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Cerity Partners LLC boosted its position in Honda Motor Co., Ltd. (NYSE:HMC) by 25.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,512 shares of the company’s stock after acquiring an additional 10,737 shares during the period. Cerity Partners LLC’s holdings in Honda Motor were worth $1,698,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC increased its holdings in Honda Motor by 3.4% during the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after purchasing an additional 359 shares during the period. Apollon Wealth Management LLC grew its position in shares of Honda Motor by 1.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock worth $829,000 after buying an additional 389 shares during the last quarter. Harrington Investments INC increased its stake 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 buying an additional 410 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Honda Motor by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock valued at $2,628,000 after acquiring an additional 495 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Honda Motor by 3.2% in the second quarter. Atomi Financial Group Inc. now owns 16,472 shares of the company’s stock worth $531,000 after acquiring an additional 509 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

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

Honda Motor Price Performance

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

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