Lake Street Advisors Group LLC Sells 3,238 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Lake Street Advisors Group LLC lessened its holdings in Honda Motor Co., Ltd. (NYSE:HMC) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,241 shares of the company’s stock after selling 3,238 shares during the period. Lake Street Advisors Group LLC’s holdings in Honda Motor were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Planning Inc bought a new position in Honda Motor in the fourth quarter valued at about $25,000. R Squared Ltd bought a new position in Honda Motor in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor in the third quarter valued at about $36,000. Addison Advisors LLC grew its position 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 acquiring an additional 1,021 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new stake in shares of Honda Motor during the fourth quarter worth about $40,000. Institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HMC shares. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Stock Performance

NYSE:HMC opened at $27.80 on Friday. The stock has a market cap of $43.40 billion, a P/E ratio of 6.47 and a beta of 0.58. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average is $28.25 and its 200-day moving average is $29.16. Honda Motor Co., Ltd. has a 1-year low of $23.41 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The company had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

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.