Renaissance Technologies LLC Sells 79,100 Shares of Honda Motor Co., Ltd. $HMC

Renaissance Technologies LLC reduced its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 24.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 243,000 shares of the company’s stock after selling 79,100 shares during the period. Renaissance Technologies LLC’s holdings in Honda Motor were worth $5,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthCollab LLC grew its holdings in Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Honda Motor in the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Honda Motor in the 2nd quarter worth $29,000. Sound Income Strategies LLC bought a new position in shares of Honda Motor in the 4th quarter worth $33,000. Finally, Geneos Wealth Management Inc. grew its stake 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 worth $57,000 after purchasing an additional 1,161 shares during the period. 5.32% of the stock is owned by institutional investors.

Honda Motor Trading Up 1.6%

Shares of NYSE HMC opened at $30.61 on Thursday. The company’s fifty day moving average is $27.76 and its 200-day moving average is $27.34. The stock has a market cap of $47.78 billion, a price-to-earnings ratio of -16.03 and a beta of 0.42. Honda Motor Co., Ltd. has a twelve month low of $23.25 and a twelve month high of $34.89. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The business had revenue of $37.27 billion during the quarter. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. Equities research analysts predict that Honda Motor Co., Ltd. will post 1.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on HMC shares. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Honda Motor has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.