QRG Capital Management Inc. Has $5.20 Million Stock Position in Honda Motor Co., Ltd. $HMC

QRG Capital Management Inc. lifted its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 180,352 shares of the company’s stock after purchasing an additional 532 shares during the period. QRG Capital Management Inc.’s holdings in Honda Motor were worth $5,200,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Ascent Group LLC acquired a new position in shares of Honda Motor during the second quarter worth $234,000. Ameritas Advisory Services LLC acquired a new position in shares of Honda Motor during the second quarter valued at about $36,000. BSW Wealth Partners raised its holdings in shares of Honda Motor by 7.6% during the second quarter. BSW Wealth Partners now owns 13,958 shares of the company’s stock valued at $402,000 after purchasing an additional 988 shares during the period. Kiley Juergens Wealth Management LLC acquired a new position in shares of Honda Motor during the second quarter valued at about $313,000. Finally, Kathmere Capital Management LLC raised its holdings in shares of Honda Motor by 14.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 9,108 shares of the company’s stock worth $263,000 after acquiring an additional 1,118 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a report on Saturday, September 27th. Zacks Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, September 1st. Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Honda Motor Stock Performance

NYSE HMC opened at $31.37 on Monday. The company’s 50 day simple moving average is $33.18 and its two-hundred day simple moving average is $30.74. The stock has a market capitalization of $48.96 billion, a PE ratio of 10.85, a P/E/G ratio of 1.04 and a beta of 0.48. Honda Motor Co., Ltd. has a 1 year low of $23.41 and a 1 year high of $34.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.46. The firm had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. Analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Honda Motor 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.