QRG Capital Management Inc. Sells 87,395 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

QRG Capital Management Inc. lessened its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 32.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 178,396 shares of the company’s stock after selling 87,395 shares during the period. QRG Capital Management Inc.’s holdings in Honda Motor were worth $5,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Honda Motor by 52.5% in the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after acquiring an additional 227,890 shares during the period. International Assets Investment Management LLC boosted its position in shares of Honda Motor by 1,906.3% during the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after buying an additional 184,057 shares during the period. Gilman Hill Asset Management LLC acquired a new stake in shares of Honda Motor in the fourth quarter valued at approximately $4,772,000. Finally, HITE Hedge Asset Management LLC grew its stake in Honda Motor by 1,392.9% in the third quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock valued at $4,396,000 after purchasing an additional 129,259 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 0.6 %

HMC opened at $27.80 on Friday. The stock’s fifty day simple moving average is $28.25 and its 200 day simple moving average is $29.16. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90. The stock has a market cap of $43.40 billion, a PE ratio of 6.47 and a beta of 0.58. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last issued 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 for the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HMC shares. StockNews.com raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

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.