Summit Trail Advisors LLC purchased a new position in Honda Motor Co., Ltd. (NYSE:HMC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,063 shares of the company’s stock, valued at approximately $292,000.
Other hedge funds also recently modified their holdings of the company. RFP Financial Group LLC increased its stake in Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after purchasing an additional 316 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Honda Motor during the first quarter worth $27,000. Rothschild Investment LLC bought a new stake in shares of Honda Motor during the second quarter worth $28,000. LRI Investments LLC acquired a new stake in shares of Honda Motor during the first quarter worth $34,000. Finally, Family Firm Inc. bought a new stake in Honda Motor in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 5.32% of the company’s stock.
Honda Motor Stock Up 0.7 %
Shares of Honda Motor stock opened at $32.95 on Tuesday. Honda Motor Co., Ltd. has a 52-week low of $27.69 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The business’s 50 day simple moving average is $31.55 and its 200 day simple moving average is $33.19. The firm has a market cap of $56.36 billion, a PE ratio of 6.98, a P/E/G ratio of 2.88 and a beta of 0.67.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 11th.
View Our Latest Research Report on Honda Motor
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.
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