Honda Motor Co., Ltd. (NYSE:HMC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) by 69.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 367,456 shares of the company’s stock after selling 832,420 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Honda Motor were worth $8,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Credit Suisse AG raised its stake in shares of Honda Motor by 3,638.7% during the 3rd quarter. Credit Suisse AG now owns 1,159 shares of the company’s stock worth $25,000 after buying an additional 1,128 shares in the last quarter. AXA S.A. purchased a new position in shares of Honda Motor during the 3rd quarter worth approximately $30,000. Quantbot Technologies LP purchased a new position in shares of Honda Motor during the 1st quarter worth approximately $39,000. Belpointe Asset Management LLC purchased a new position in shares of Honda Motor during the 4th quarter worth approximately $53,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Honda Motor by 55.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,113 shares of the company’s stock worth $71,000 after buying an additional 1,116 shares in the last quarter. 5.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a research note on Tuesday, January 31st. JPMorgan Chase & Co. raised Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 28th. Finally, StockNews.com assumed coverage on Honda Motor in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.

Honda Motor Stock Performance

NYSE HMC opened at $28.74 on Friday. Honda Motor Co., Ltd. has a 1-year low of $21.43 and a 1-year high of $28.79. The company has a market capitalization of $49.16 billion, a P/E ratio of 9.58, a PEG ratio of 0.46 and a beta of 0.76. The business has a 50 day moving average price of $26.62 and a 200 day moving average price of $25.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.45 and a quick ratio of 1.12.

Honda Motor Company Profile

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Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.