Fox Run Management L.L.C. Takes $234,000 Position in Honda Motor Co., Ltd. $HMC

Fox Run Management L.L.C. acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 8,626 shares of the company’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock worth $30,000 after purchasing an additional 902 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Honda Motor by 50.4% in the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock valued at $34,000 after buying an additional 417 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Honda Motor in the 1st quarter valued at $56,000. Caitong International Asset Management Co. Ltd lifted its stake in Honda Motor by 1,166.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,255 shares of the company’s stock worth $61,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Honda Motor by 50.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company’s stock worth $75,000 after acquiring an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Macquarie downgraded Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Dbs Bank cut shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Honda Motor Price Performance

HMC stock opened at $34.5150 on Thursday. The business’s 50-day moving average is $31.05 and its two-hundred day moving average is $29.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The firm has a market capitalization of $53.87 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.02 and a beta of 0.52. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.70.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The firm had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. Analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal 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.