O Shaughnessy Asset Management LLC Cuts Stake in Honda Motor Co., Ltd. (NYSE:HMC)

O Shaughnessy Asset Management LLC cut its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 51.2% in the fourth quarter, Holdings Channel reports. The fund owned 150,132 shares of the company’s stock after selling 157,205 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Honda Motor were worth $4,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HMC. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Honda Motor in the 4th quarter worth approximately $23,272,000. Orion Portfolio Solutions LLC lifted its holdings in Honda Motor by 18.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 17,346 shares of the company’s stock worth $495,000 after buying an additional 2,663 shares during the period. JPMorgan Chase & Co. boosted its position in Honda Motor by 46.6% during the 4th quarter. JPMorgan Chase & Co. now owns 84,656 shares of the company’s stock valued at $2,417,000 after acquiring an additional 26,917 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Honda Motor by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 19,989 shares of the company’s stock valued at $573,000 after acquiring an additional 846 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in shares of Honda Motor in the 4th quarter worth $26,000. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Performance

Shares of HMC stock opened at $27.34 on Thursday. Honda Motor Co., Ltd. has a 12-month low of $23.41 and a 12-month high of $37.34. The business’s fifty day simple moving average is $28.41 and its 200-day simple moving average is $28.67. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The company has a market cap of $42.67 billion, a PE ratio of 6.36 and a beta of 0.57.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HMC. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

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.