Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC reduced its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 71.6% during the second quarter, HoldingsChannel reports. The firm owned 2,299 shares of the company’s stock after selling 5,792 shares during the quarter. Headlands Technologies LLC’s holdings in Honda Motor were worth $74,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. RFP Financial Group LLC boosted its position in Honda Motor by 91.3% in the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 316 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Honda Motor in the first quarter worth about $27,000. Rothschild Investment LLC purchased a new position in Honda Motor in the second quarter valued at about $28,000. LRI Investments LLC grew its stake in Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 834 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in Honda Motor during the 2nd quarter worth approximately $35,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Stock Up 0.4 %

Shares of HMC stock opened at $31.59 on Tuesday. The firm has a fifty day moving average of $31.54 and a two-hundred day moving average of $33.32. Honda Motor Co., Ltd. has a 1-year low of $27.69 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. The company had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. On average, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 4.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 11th.

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.