Connor Clark & Lunn Investment Management Ltd. Has $2.71 Million Stock Position in Honda Motor Co., Ltd. $HMC

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 43.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,960 shares of the company’s stock after selling 72,588 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Honda Motor were worth $2,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hazlett Burt & Watson Inc. boosted its stake in Honda Motor by 1,105.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock valued at $27,000 after purchasing an additional 873 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of Honda Motor by 99.8% in the second quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock worth $31,000 after purchasing an additional 532 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Honda Motor in the second quarter valued at approximately $36,000. Trust Co. of Toledo NA OH purchased a new position in shares of Honda Motor during the second quarter valued at approximately $46,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Honda Motor by 121.2% during the first 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 last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Trading Up 1.2%

NYSE HMC opened at $30.10 on Friday. The stock has a market capitalization of $46.98 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.16 and a beta of 0.48. Honda Motor Co., Ltd. has a one year low of $23.41 and a one year high of $34.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.01. The business’s fifty day moving average is $31.74 and its 200-day moving average is $31.27.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.08). The company had revenue of $34.57 billion for the quarter, compared to the consensus estimate of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.