Highland Capital Management LLC Sells 396 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Highland Capital Management LLC lessened its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,315 shares of the company’s stock after selling 396 shares during the period. Highland Capital Management LLC’s holdings in Honda Motor were worth $2,897,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HMC. International Assets Investment Management LLC raised its holdings in shares of Honda Motor by 1,906.3% during the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after purchasing an additional 184,057 shares during the last quarter. Signaturefd LLC grew its position in Honda Motor by 13.6% in the 3rd quarter. Signaturefd LLC now owns 44,938 shares of the company’s stock worth $1,426,000 after purchasing an additional 5,376 shares during the period. Sequoia Financial Advisors LLC raised its stake in Honda Motor by 9.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 22,406 shares of the company’s stock valued at $711,000 after buying an additional 1,966 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Honda Motor by 29.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock valued at $413,000 after buying an additional 2,935 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Honda Motor by 5.5% in the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Down 0.2 %

Shares of NYSE:HMC opened at $30.23 on Friday. The firm’s 50 day moving average price is $31.85 and its 200-day moving average price is $32.39. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.45. Honda Motor Co., Ltd. has a twelve month low of $27.69 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The business had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Research analysts predict that Honda Motor Co., Ltd. will post 4.6 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

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.