AQR Capital Management LLC Sells 26,631 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

AQR Capital Management LLC lessened its position in Honda Motor Co., Ltd. (NYSE:HMC) by 48.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,895 shares of the company’s stock after selling 26,631 shares during the quarter. AQR Capital Management LLC’s holdings in Honda Motor were worth $899,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in shares of Honda Motor by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 9,644,064 shares of the company’s stock worth $298,098,000 after purchasing an additional 232,148 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Honda Motor during the fourth quarter worth $857,000. Nomura Holdings Inc. lifted its stake in Honda Motor by 13.1% in the fourth quarter. Nomura Holdings Inc. now owns 48,734 shares of the company’s stock valued at $1,506,000 after acquiring an additional 5,634 shares during the last quarter. CWM LLC increased its stake in shares of Honda Motor by 30.0% during the 1st quarter. CWM LLC now owns 4,573 shares of the company’s stock worth $170,000 after purchasing an additional 1,056 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Honda Motor by 23.0% in the 1st quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock valued at $62,000 after purchasing an additional 313 shares during the period. Institutional investors own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honda Motor Stock Performance

NYSE:HMC opened at $31.69 on Friday. The stock has a 50 day simple moving average of $31.71 and a 200 day simple moving average of $32.81. The stock has a market cap of $54.21 billion, a P/E ratio of 6.71, a PEG ratio of 2.76 and a beta of 0.67. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45.

Honda Motor (NYSE:HMC) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. Research analysts anticipate that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current year.

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.