Riverhead Capital Management LLC Has $814,000 Stake in Honda Motor Company, Ltd. (HMC)
Riverhead Capital Management LLC held its position in Honda Motor Company, Ltd. (NYSE:HMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,700 shares of the company’s stock at the close of the second quarter. Riverhead Capital Management LLC’s holdings in Honda Motor were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Honda Motor by 35.3% during the 2nd quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock worth $152,872,000 after purchasing an additional 1,455,144 shares during the period. Brandes Investment Partners LP grew its holdings in shares of Honda Motor by 7.5% during the 2nd quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock worth $107,247,000 after purchasing an additional 271,870 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Honda Motor by 20.6% during the 1st quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after purchasing an additional 566,685 shares during the period. Mondrian Investment Partners LTD grew its holdings in shares of Honda Motor by 26.4% during the 2nd quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after purchasing an additional 449,345 shares during the period. Finally, Federated Investors Inc. PA grew its holdings in shares of Honda Motor by 132.1% during the 2nd quarter. Federated Investors Inc. PA now owns 1,270,557 shares of the company’s stock worth $34,800,000 after purchasing an additional 723,125 shares during the period. Institutional investors and hedge funds own 2.58% of the company’s stock.
Honda Motor Company, Ltd. (NYSE:HMC) opened at 29.43 on Tuesday. The firm has a market cap of $53.04 billion, a price-to-earnings ratio of 8.89 and a beta of 1.01. Honda Motor Company, Ltd. has a 1-year low of $27.05 and a 1-year high of $32.17. The company’s 50-day moving average price is $28.18 and its 200 day moving average price is $28.55.
Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The business had revenue of $3,713 billion during the quarter, compared to the consensus estimate of $3,525.55 billion. During the same quarter in the previous year, the business earned $96.93 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts expect that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the company. Morgan Stanley cut Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 5th. ValuEngine cut Honda Motor from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating and set a $32.00 price target for the company in a report on Thursday, August 17th. Jefferies Group LLC set a $35.00 price target on Honda Motor and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, BidaskClub cut Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.50.
About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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