Honda Motor (NYSE:HMC) Cut to “Hold” at StockNews.com

Honda Motor (NYSE:HMC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Separately, UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Trading Down 0.2 %

Shares of HMC traded down $0.05 during midday trading on Tuesday, hitting $27.95. The stock had a trading volume of 701,229 shares, compared to its average volume of 1,320,420. Honda Motor has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The business has a 50-day simple moving average of $27.58 and a two-hundred day simple moving average of $29.40. The firm has a market cap of $43.62 billion, a P/E ratio of 6.90 and a beta of 0.58. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Institutional Trading of Honda Motor

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Honda Motor by 39.5% during the fourth quarter. LPL Financial LLC now owns 78,703 shares of the company’s stock worth $2,247,000 after purchasing an additional 22,274 shares during the period. Sei Investments Co. lifted its stake in Honda Motor by 1.1% in the fourth quarter. Sei Investments Co. now owns 159,938 shares of the company’s stock valued at $4,566,000 after acquiring an additional 1,815 shares during the last quarter. American Century Companies Inc. lifted its stake in Honda Motor by 6.7% in the fourth quarter. American Century Companies Inc. now owns 500,097 shares of the company’s stock valued at $14,278,000 after acquiring an additional 31,267 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Honda Motor in the fourth quarter valued at approximately $982,000. Finally, Summit Global Investments lifted its stake in Honda Motor by 26.5% in the fourth quarter. Summit Global Investments now owns 109,587 shares of the company’s stock valued at $3,129,000 after acquiring an additional 22,966 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.