Y Intercept Hong Kong Ltd Acquires Shares of 83,476 Honda Motor Co., Ltd. $HMC

Y Intercept Hong Kong Ltd bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) in the 1st quarter, Holdings Channel reports. The fund bought 83,476 shares of the company’s stock, valued at approximately $2,029,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Auto Owners Insurance Co grew its holdings in Honda Motor by 5,004.4% during the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after acquiring an additional 8,414,952 shares during the period. Bank of America Corp DE boosted its position in shares of Honda Motor by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after purchasing an additional 1,083,245 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Honda Motor by 28.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after purchasing an additional 590,128 shares during the period. Equity Investment Corp grew its stake in shares of Honda Motor by 1.2% during the 4th quarter. Equity Investment Corp now owns 2,302,204 shares of the company’s stock worth $67,869,000 after purchasing an additional 27,965 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Honda Motor by 6.4% in the 4th quarter. First Trust Advisors LP now owns 1,198,316 shares of the company’s stock valued at $35,326,000 after purchasing an additional 72,476 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HMC. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Honda Motor has an average rating of “Hold” and an average price target of $25.00.

Honda Motor Stock Performance

Shares of HMC opened at $27.77 on Thursday. Honda Motor Co., Ltd. has a 12-month low of $23.25 and a 12-month high of $34.89. The stock has a market cap of $43.34 billion, a P/E ratio of -14.54, a PEG ratio of 4.92 and a beta of 0.43. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average of $26.25 and a two-hundred day moving average of $27.49.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. The business had revenue of $36.81 billion during the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, research analysts predict that Honda Motor Co., Ltd. will post 0.92 EPS for the current fiscal year.

About Honda Motor

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.