Subaru (OTCMKTS:FUJHY) Shares Gap Down – Here’s What Happened

Subaru Corporation (OTCMKTS:FUJHY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $11.0297, but opened at $10.63. Subaru shares last traded at $10.75, with a volume of 3,243 shares changing hands.

Subaru Stock Up 2.6%

The stock has a market cap of $15.75 billion, a P/E ratio of 8.80 and a beta of 0.34. The firm’s 50-day moving average is $10.60 and its two-hundred day moving average is $9.82.

Subaru (OTCMKTS:FUJHY) last posted its earnings results on Monday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Subaru had a net margin of 5.49% and a return on equity of 9.69%. The business had revenue of $7.61 billion for the quarter, compared to analyst estimates of $7.53 billion. Analysts anticipate that Subaru Corporation will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Subaru

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Beddow Capital Management Inc. boosted its stake in shares of Subaru by 2.8% in the 3rd quarter. Beddow Capital Management Inc. now owns 595,371 shares of the company’s stock valued at $6,019,000 after purchasing an additional 16,372 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in Subaru by 11.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 356,206 shares of the company’s stock valued at $3,601,000 after purchasing an additional 37,021 shares during the last quarter. CHICAGO TRUST Co NA boosted its position in Subaru by 27.5% in the third quarter. CHICAGO TRUST Co NA now owns 64,666 shares of the company’s stock valued at $663,000 after buying an additional 13,929 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Subaru by 8.4% during the third quarter. GAMMA Investing LLC now owns 16,565 shares of the company’s stock worth $167,000 after buying an additional 1,279 shares during the last quarter. Institutional investors own 0.01% of the company’s stock.

About Subaru

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.