Cable Hill Partners LLC Has $206,000 Position in Honda Motor Co., Ltd. (NYSE:HMC)

Cable Hill Partners LLC lowered its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 56.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,480 shares of the company’s stock after selling 8,326 shares during the period. Cable Hill Partners LLC’s holdings in Honda Motor were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HMC. Equity Investment Corp lifted its stake in shares of Honda Motor by 1.6% in the 2nd quarter. Equity Investment Corp now owns 2,061,395 shares of the company’s stock valued at $66,459,000 after purchasing an additional 33,067 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Honda Motor by 10.3% in the 2nd quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock valued at $14,265,000 after purchasing an additional 41,216 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Honda Motor by 5.5% in the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after purchasing an additional 18,134 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Honda Motor by 3.7% in the 3rd quarter. Assetmark Inc. now owns 281,241 shares of the company’s stock valued at $8,924,000 after purchasing an additional 9,978 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Honda Motor in the 2nd quarter valued at $8,635,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Trading Down 0.3 %

Shares of HMC opened at $25.79 on Friday. Honda Motor Co., Ltd. has a one year low of $25.57 and a one year high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The company’s fifty day moving average price is $30.94 and its 200 day moving average price is $31.84.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). The firm had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Equities research analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.