Centiva Capital LP Buys New Stake in Honda Motor Co., Ltd. (NYSE:HMC)

Centiva Capital LP acquired a new position in shares of Honda Motor Co., Ltd. (NYSE:HMC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 9,085 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Honda Motor in the second quarter valued at approximately $28,000. LRI Investments LLC grew its position in Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares during the last quarter. Family Firm Inc. acquired a new position in Honda Motor in the second quarter valued at $35,000. Addison Advisors LLC increased its stake in Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of Honda Motor during the second quarter worth about $67,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Price Performance

Shares of NYSE HMC opened at $26.05 on Wednesday. The stock has a fifty day moving average price of $28.81 and a 200 day moving average price of $30.85. Honda Motor Co., Ltd. has a 1-year low of $25.56 and a 1-year high of $37.90. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. On average, research analysts anticipate that Honda Motor Co., Ltd. will post 4.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

About Honda Motor

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.