XY Capital Ltd Buys Shares of 259,383 Honda Motor Co., Ltd. $HMC

XY Capital Ltd bought a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the second quarter, HoldingsChannel reports. The institutional investor bought 259,383 shares of the company’s stock, valued at approximately $7,032,000. Honda Motor comprises 6.8% of XY Capital Ltd’s portfolio, making the stock its 5th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. Auto Owners Insurance Co boosted its stake in shares of Honda Motor by 5,004.4% during the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock valued at $25,303,000 after buying an additional 8,414,952 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Honda Motor in the second quarter valued at $109,593,000. 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 valued at $129,369,000 after acquiring an additional 1,083,245 shares in the last quarter. BlackRock Inc. grew its stake in shares of Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after purchasing an additional 691,165 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Honda Motor during the second quarter worth $12,987,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on HMC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Honda Motor in a research note on Monday, August 31st. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Honda Motor currently has an average rating of “Hold” and an average target price of $25.00.

Honda Motor Trading Down 1.2%

HMC stock opened at $32.66 on Friday. The company has a market capitalization of $50.98 billion, a PE ratio of -46.66 and a beta of 0.44. The company’s 50 day moving average price is $30.11 and its two-hundred day moving average price is $27.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. Honda Motor Co., Ltd. has a one year low of $23.25 and a one year high of $34.89.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%.The business had revenue of $37.27 billion during the quarter. As a group, analysts predict that Honda Motor Co., Ltd. will post 2.11 earnings per share for the current fiscal year.

Honda Motor Company Profile

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.