Optas LLC Has $332,000 Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Optas LLC increased its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 82.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,646 shares of the company’s stock after buying an additional 5,251 shares during the quarter. Optas LLC’s holdings in Honda Motor were worth $332,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Honda Motor by 13.9% during the 2nd quarter. Bank of Montreal Can now owns 23,635 shares of the company’s stock worth $766,000 after purchasing an additional 2,888 shares in the last quarter. Park Avenue Securities LLC grew its stake in Honda Motor by 76.4% during the third quarter. Park Avenue Securities LLC now owns 41,358 shares of the company’s stock worth $1,312,000 after buying an additional 17,908 shares in the last quarter. GAMMA Investing LLC increased its holdings in Honda Motor by 31.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock valued at $76,000 after buying an additional 564 shares during the period. Atomi Financial Group Inc. raised its position in shares of Honda Motor by 7.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 17,684 shares of the company’s stock valued at $561,000 after buying an additional 1,212 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Honda Motor by 15.1% during the 3rd quarter. CWM LLC now owns 4,839 shares of the company’s stock worth $154,000 after acquiring an additional 634 shares during the period. Institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Up 2.4 %

HMC opened at $27.55 on Wednesday. The company’s 50 day moving average is $27.36 and its 200-day moving average is $29.53. The company has a market cap of $42.99 billion, a P/E ratio of 6.80 and a beta of 0.58. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The company had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Equities research analysts predict that Honda Motor Co., Ltd. will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HMC has been the subject of several research analyst reports. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

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.