Parallel Advisors LLC Has $352,000 Stock Position in Honda Motor Co., Ltd. (NYSE:HMC)

Parallel Advisors LLC lessened its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 48.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,338 shares of the company’s stock after selling 11,530 shares during the period. Parallel Advisors LLC’s holdings in Honda Motor were worth $352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Honda Motor during the fourth quarter worth $11,909,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company’s stock worth $19,074,000 after buying an additional 404,883 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after acquiring an additional 227,890 shares during the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of Honda Motor during the 4th quarter valued at $4,772,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

Shares of NYSE:HMC opened at $30.06 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. Honda Motor Co., Ltd. has a 52 week low of $23.41 and a 52 week high of $37.90. The firm has a market cap of $46.91 billion, a PE ratio of 6.99 and a beta of 0.61. The firm’s fifty day moving average is $28.40 and its 200-day moving average is $28.86.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.94 by $0.37. The firm had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. Sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Analyst Ratings Changes

HMC has been the subject of a number of recent research reports. StockNews.com raised Honda Motor from a “hold” rating to a “buy” rating in a 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 Company 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.