Clearbridge Investments LLC Sells 18,908 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Clearbridge Investments LLC reduced its stake in Honda Motor Co., Ltd. (NYSE:HMCGet Rating) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 210,370 shares of the company’s stock after selling 18,908 shares during the quarter. Clearbridge Investments LLC’s holdings in Honda Motor were worth $5,080,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP grew its position in shares of Honda Motor by 386.4% during the second quarter. Trexquant Investment LP now owns 47,557 shares of the company’s stock valued at $1,149,000 after purchasing an additional 37,780 shares in the last quarter. UBS Group AG lifted its stake in Honda Motor by 10.3% in the second quarter. UBS Group AG now owns 303,207 shares of the company’s stock worth $7,322,000 after purchasing an additional 28,288 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Honda Motor by 20.5% in the second quarter. JPMorgan Chase & Co. now owns 21,603 shares of the company’s stock worth $521,000 after purchasing an additional 3,678 shares during the last quarter. Cerity Partners LLC bought a new stake in Honda Motor in the second quarter worth about $346,000. Finally, SeaCrest Wealth Management LLC bought a new stake in Honda Motor in the second quarter worth about $67,000. 5.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on HMC shares. TheStreet downgraded shares of Honda Motor from a “b-” rating to a “c+” rating in a research note on Friday, October 7th. StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 19th.

Honda Motor Stock Performance

Shares of HMC stock opened at $24.11 on Friday. The firm has a market cap of $41.24 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.63 and a beta of 0.73. The company’s 50 day moving average is $22.99 and its 200 day moving average is $24.53. The company has a quick ratio of 1.10, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. Honda Motor Co., Ltd. has a 52-week low of $21.43 and a 52-week high of $32.15.

Honda Motor Profile

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Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.

Further Reading

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Institutional Ownership by Quarter for Honda Motor (NYSE:HMC)

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