Seven Eight Capital LP Has $327,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Seven Eight Capital LP cut its position in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 75.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,144 shares of the company’s stock after selling 30,392 shares during the quarter. Seven Eight Capital LP’s holdings in Honda Motor were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HMC. RFP Financial Group LLC grew its holdings in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 316 shares during the period. Rise Advisors LLC acquired a new stake in Honda Motor during the first quarter worth approximately $27,000. Rothschild Investment LLC bought a new stake in Honda Motor in the second quarter worth approximately $28,000. LRI Investments LLC acquired a new position in Honda Motor in the first quarter valued at approximately $34,000. Finally, Family Firm Inc. bought a new position in shares of Honda Motor during the 2nd quarter worth approximately $35,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

HMC stock opened at $32.72 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The company’s 50-day moving average is $31.54 and its 200-day moving average is $33.21. The stock has a market capitalization of $55.97 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 2.88 and a beta of 0.67. Honda Motor Co., Ltd. has a 1 year low of $27.69 and a 1 year high of $37.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The business had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. Equities research analysts expect that Honda Motor Co., Ltd. will post 4.44 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.