Sanctuary Advisors LLC Increases Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Sanctuary Advisors LLC grew its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 5.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,709 shares of the company’s stock after acquiring an additional 1,885 shares during the quarter. Sanctuary Advisors LLC’s holdings in Honda Motor were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HMC. Allspring Global Investments Holdings LLC increased its stake in Honda Motor by 29.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock worth $413,000 after acquiring an additional 2,935 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Honda Motor by 1,906.3% in the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after acquiring an additional 184,057 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in Honda Motor by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 44,269 shares of the company’s stock worth $1,405,000 after purchasing an additional 2,991 shares during the period. Optas LLC purchased a new stake in shares of Honda Motor during the third quarter worth approximately $203,000. Finally, Allen Wealth Management LLC increased its position in shares of Honda Motor by 7.2% in the 3rd quarter. Allen Wealth Management LLC now owns 56,205 shares of the company’s stock valued at $1,783,000 after purchasing an additional 3,752 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Trading Up 1.0 %

Shares of HMC opened at $27.91 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90. The firm has a 50 day simple moving average of $28.09 and a 200-day simple moving average of $29.18. The stock has a market cap of $43.56 billion, a price-to-earnings ratio of 6.49 and a beta of 0.58.

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

Analyst Upgrades and Downgrades

HMC has been the subject of a number of research analyst reports. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.