SIH Partners LLLP Invests $753,000 in Honda Motor Co., Ltd. (NYSE:HMC)

SIH Partners LLLP purchased a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 26,384 shares of the company’s stock, valued at approximately $753,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its stake 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 valued at $45,517,000 after acquiring an additional 158,072 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Honda Motor in the 4th quarter valued at $23,272,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Honda Motor by 153.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company’s stock worth $19,074,000 after purchasing an additional 404,883 shares in the last quarter. Brandes Investment Partners LP boosted its holdings in Honda Motor by 13.1% in the fourth quarter. Brandes Investment Partners LP now owns 570,169 shares of the company’s stock worth $16,278,000 after purchasing an additional 66,030 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Honda Motor by 6.7% during the fourth quarter. American Century Companies Inc. now owns 500,097 shares of the company’s stock valued at $14,278,000 after buying an additional 31,267 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Trading Up 0.2 %

Honda Motor stock opened at $29.19 on Tuesday. The business’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $28.14. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $34.99. The firm has a market capitalization of $45.56 billion, a PE ratio of 6.79 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. The company had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Equities research analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on HMC shares. Sanford C. Bernstein began coverage on Honda Motor in a research note on Monday, April 14th. They set a “market perform” rating for the company. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.