6,441 Shares in Honda Motor Co., Ltd. (NYSE:HMC) Acquired by Cresset Asset Management LLC

Cresset Asset Management LLC bought a new position in Honda Motor Co., Ltd. (NYSE:HMC) during the second quarter, Holdings Channel.com reports. The fund bought 6,441 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HMC. Todd Asset Management LLC bought a new stake in shares of Honda Motor in the 2nd quarter worth approximately $55,215,000. BlackRock Inc. increased its position in shares of Honda Motor by 205,969.7% in the first quarter. BlackRock Inc. now owns 1,011,802 shares of the company’s stock worth $30,557,000 after acquiring an additional 1,011,311 shares in the last quarter. Clark Capital Management Group Inc. purchased a new position in shares of Honda Motor in the second quarter worth approximately $23,895,000. Equity Investment Corp increased its position in shares of Honda Motor by 56.9% in the first quarter. Equity Investment Corp now owns 1,222,931 shares of the company’s stock worth $36,933,000 after acquiring an additional 443,620 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Honda Motor by 204.1% in the first quarter. D. E. Shaw & Co. Inc. now owns 576,318 shares of the company’s stock worth $17,405,000 after acquiring an additional 386,832 shares in the last quarter. Institutional investors and hedge funds own 5.02% of the company’s stock.

Separately, TheStreet raised shares of Honda Motor from a “c+” rating to a “b” rating in a research report on Wednesday, September 8th.

Honda Motor stock opened at $30.95 on Friday. The firm’s 50 day simple moving average is $31.33 and its 200-day simple moving average is $31.17. The company has a market cap of $53.44 billion, a P/E ratio of 5.91, a price-to-earnings-growth ratio of 0.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.26 and a quick ratio of 0.96. Honda Motor Co., Ltd. has a fifty-two week low of $23.23 and a fifty-two week high of $33.42.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, August 4th. The company reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.44. Honda Motor had a net margin of 6.57% and a return on equity of 10.76%. The firm had revenue of $32.74 billion for the quarter, compared to the consensus estimate of $30.85 billion. During the same period in the previous year, the firm posted $97.92 earnings per share. The firm’s revenue was down 10.3% on a year-over-year basis. On average, analysts expect that Honda Motor Co., Ltd. will post 3.91 EPS for the current fiscal year.

Honda Motor Company Profile

Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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