Kovitz Investment Group Partners LLC Sells 25,672 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Kovitz Investment Group Partners LLC decreased its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 39.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,441 shares of the company’s stock after selling 25,672 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Honda Motor were worth $1,199,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of Honda Motor by 12.8% in the 3rd quarter. Stifel Financial Corp now owns 95,005 shares of the company’s stock valued at $3,015,000 after acquiring an additional 10,778 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Honda Motor by 37.2% in the 3rd quarter. Quantinno Capital Management LP now owns 184,404 shares of the company’s stock worth $5,851,000 after purchasing an additional 49,963 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Honda Motor by 16.5% in the third quarter. Integrated Wealth Concepts LLC now owns 11,065 shares of the company’s stock valued at $351,000 after purchasing an additional 1,564 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in shares of Honda Motor by 1,392.9% during the third quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock valued at $4,396,000 after purchasing an additional 129,259 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Honda Motor by 12.6% during the third quarter. HighTower Advisors LLC now owns 77,526 shares of the company’s stock worth $2,458,000 after purchasing an additional 8,689 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Price Performance

NYSE HMC opened at $26.05 on Wednesday. The stock has a fifty day simple moving average of $28.81 and a 200 day simple moving average of $30.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. Honda Motor Co., Ltd. has a twelve month low of $25.56 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. As a group, analysts predict that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current fiscal year.

Honda Motor 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.