Seven Eight Capital LP Makes New Investment in Honda Motor Co., Ltd. (NYSE:HMC)

Seven Eight Capital LP acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 40,536 shares of the company's stock, valued at approximately $1,509,000.

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Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of Honda Motor by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company's stock valued at $298,902,000 after acquiring an additional 258,160 shares during the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Honda Motor by 20.9% in the 1st quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company's stock valued at $191,538,000 after acquiring an additional 896,048 shares during the last quarter. Equity Investment Corp increased its holdings in shares of Honda Motor by 2.6% in the 1st quarter. Equity Investment Corp now owns 2,028,328 shares of the company's stock valued at $75,515,000 after acquiring an additional 50,677 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Honda Motor by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company's stock valued at $52,303,000 after acquiring an additional 141,552 shares during the last quarter. Finally, Brandes Investment Partners LP increased its holdings in shares of Honda Motor by 47.1% in the 4th quarter. Brandes Investment Partners LP now owns 522,236 shares of the company's stock valued at $16,142,000 after acquiring an additional 167,120 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Honda Motor from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 11th.

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Get Our Latest Stock Report on Honda Motor

Honda Motor Stock Performance

HMC traded down $0.14 during trading on Tuesday, reaching $32.19. 858,114 shares of the company were exchanged, compared to its average volume of 949,887. The stock has a market cap of $55.06 billion, a P/E ratio of 6.85, a PEG ratio of 6.30 and a beta of 0.68. The firm has a 50 day moving average of $32.52 and a 200 day moving average of $33.95. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. Honda Motor Co., Ltd. has a 52 week low of $29.05 and a 52 week high of $37.90.

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Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.55. The firm had revenue of $36.56 billion during the quarter, compared to the consensus estimate of $37.96 billion. Honda Motor had a return on equity of 8.79% and a net margin of 5.46%. On average, sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.5 EPS 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.

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