GTS Securities LLC Makes New $1.99 Million Investment in Honda Motor Co., Ltd. $HMC

GTS Securities LLC acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 2nd quarter, Holdings Channel reports. The fund acquired 73,475 shares of the company’s stock, valued at approximately $1,992,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthCollab LLC increased its stake in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor during the third quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Honda Motor in the 2nd quarter worth about $29,000. Financial Management Professionals Inc. boosted its stake in Honda Motor by 38.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock worth $51,000 after buying an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Honda Motor by 121.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock valued at $57,000 after buying an additional 1,161 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HMC shares. Weiss Ratings downgraded shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Price Performance

Shares of Honda Motor stock opened at $31.91 on Friday. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The stock has a market capitalization of $49.81 billion, a P/E ratio of -45.59 and a beta of 0.42. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average price is $29.47 and its 200 day moving average price is $27.49.

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

Honda Motor 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.