Optas LLC Has $256,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Optas LLC lowered its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 18.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,445 shares of the company’s stock after selling 2,201 shares during the quarter. Optas LLC’s holdings in Honda Motor were worth $256,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HMC. Raymond James Financial Inc. bought a new stake in shares of Honda Motor during the 4th quarter valued at $11,909,000. OLD Mission Capital LLC bought a new stake in Honda Motor during the fourth quarter worth about $3,964,000. Landscape Capital Management L.L.C. lifted its position in Honda Motor by 347.2% during the fourth quarter. Landscape Capital Management L.L.C. now owns 56,134 shares of the company’s stock worth $1,603,000 after purchasing an additional 43,582 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in Honda Motor by 102.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 24,592 shares of the company’s stock worth $702,000 after buying an additional 12,421 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in Honda Motor in the 4th quarter valued at about $572,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Dbs Bank downgraded Honda Motor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Sanford C. Bernstein assumed coverage on Honda Motor in a report on Monday, April 14th. They set a “market perform” rating for the company.

Honda Motor Stock Performance

Shares of HMC stock opened at $29.11 on Monday. The firm has a market capitalization of $45.44 billion, a price-to-earnings ratio of 6.77 and a beta of 0.51. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $29.44 and its 200-day moving average price is $28.38. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $33.72.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 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.