AlphaCore Capital LLC Buys New Shares in Honda Motor Co., Ltd. $HMC

AlphaCore Capital LLC bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,532 shares of the company’s stock, valued at approximately $188,000.

A number of other large investors have also bought and sold shares of the stock. MAI Capital Management raised its holdings in shares of Honda Motor by 84.3% during the second quarter. MAI Capital Management now owns 3,804 shares of the company’s stock valued at $110,000 after purchasing an additional 1,740 shares during the period. Rockefeller Capital Management L.P. increased its position in Honda Motor by 53.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 24,908 shares of the company’s stock valued at $718,000 after buying an additional 8,636 shares in the last quarter. ABC Arbitrage SA raised its stake in Honda Motor by 77.2% during the 2nd quarter. ABC Arbitrage SA now owns 99,314 shares of the company’s stock worth $2,863,000 after buying an additional 43,269 shares during the period. Vise Technologies Inc. bought a new position in Honda Motor in the second quarter worth approximately $1,440,000. Finally, Fox Run Management L.L.C. grew its stake in Honda Motor by 94.0% in the second quarter. Fox Run Management L.L.C. now owns 16,731 shares of the company’s stock valued at $482,000 after acquiring an additional 8,105 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on HMC. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a report on Wednesday, November 19th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Honda Motor Trading Up 0.4%

Shares of HMC stock opened at $29.95 on Wednesday. Honda Motor Co., Ltd. has a 52-week low of $23.41 and a 52-week high of $34.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41. The company has a 50-day simple moving average of $31.07 and a two-hundred day simple moving average of $31.22. The company has a market capitalization of $46.74 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.15 and a beta of 0.48.

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

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.