Atria Investments Inc Purchases Shares of 7,401 Honda Motor Co., Ltd. $HMC

Atria Investments Inc purchased a new stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,401 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. increased its position in Honda Motor by 4.3% in the 2nd quarter. Assetmark Inc. now owns 227,722 shares of the company’s stock valued at $6,565,000 after acquiring an additional 9,314 shares during the period. Keybank National Association OH increased its holdings in shares of Honda Motor by 7.7% during the second quarter. Keybank National Association OH now owns 8,561 shares of the company’s stock valued at $247,000 after purchasing an additional 611 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Honda Motor by 27.1% during the second quarter. Hantz Financial Services Inc. now owns 62,850 shares of the company’s stock valued at $1,812,000 after purchasing an additional 13,384 shares during the period. Auto Owners Insurance Co lifted its holdings in Honda Motor by 167.6% in the second quarter. Auto Owners Insurance Co now owns 655,650 shares of the company’s stock worth $18,902,000 after purchasing an additional 410,650 shares during the period. Finally, Logan Capital Management Inc. lifted its holdings in Honda Motor by 11.2% in the second quarter. Logan Capital Management Inc. now owns 136,793 shares of the company’s stock worth $3,944,000 after purchasing an additional 13,809 shares during the period. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HMC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Honda Motor has an average rating of “Hold”.

Honda Motor Stock Down 1.1%

NYSE HMC opened at $29.72 on Friday. Honda Motor Co., Ltd. has a 12 month low of $23.41 and a 12 month high of $34.89. The company has a market capitalization of $46.39 billion, a P/E ratio of 9.71, a PEG ratio of 1.16 and a beta of 0.48. The company’s 50 day simple moving average is $31.83 and its 200 day simple moving average is $31.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.01.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). The business had revenue of $34.57 billion during the quarter, compared to analyst estimates of $35.95 billion. Honda Motor had a return on equity of 5.18% and a net margin of 3.04%. Equities research analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

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.