LMR Partners LLP Boosts Stock Holdings in Honda Motor Co., Ltd. (NYSE:HMC)

LMR Partners LLP lifted its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 2,077.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 225,000 shares of the company’s stock after purchasing an additional 214,667 shares during the period. LMR Partners LLP’s holdings in Honda Motor were worth $6,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HMC. First Trust Advisors LP raised its holdings in Honda Motor by 11.0% in the fourth quarter. First Trust Advisors LP now owns 1,594,299 shares of the company’s stock worth $45,517,000 after purchasing an additional 158,072 shares in the last quarter. Bank of America Corp DE grew its position in shares of Honda Motor by 6.9% in the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company’s stock worth $35,846,000 after buying an additional 81,548 shares during the last quarter. Northern Trust Corp raised its stake in shares of Honda Motor by 69.9% during the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company’s stock worth $31,396,000 after acquiring an additional 452,624 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Honda Motor during the 4th quarter worth approximately $23,272,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company’s stock valued at $19,074,000 after acquiring an additional 404,883 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Performance

HMC opened at $30.93 on Tuesday. The company has a market cap of $48.27 billion, a P/E ratio of 7.19 and a beta of 0.55. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $28.94 and its 200-day moving average price is $28.07. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.06.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. As a group, equities analysts anticipate that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HMC has been the topic of several analyst reports. Sanford C. Bernstein assumed coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a “market perform” rating on the stock. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.