Logan Capital Management Inc. Has $2.93 Million Position in Honda Motor Co., Ltd. (NYSE:HMC)

Logan Capital Management Inc. grew its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 4.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,307 shares of the company’s stock after buying an additional 3,817 shares during the period. Logan Capital Management Inc.’s holdings in Honda Motor were worth $2,929,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in Honda Motor during the 2nd quarter valued at approximately $28,000. LRI Investments LLC boosted its stake in shares of Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 834 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Honda Motor during the second quarter worth $35,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor during the third quarter worth $36,000. Finally, Addison Advisors LLC lifted its holdings 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 buying an additional 1,021 shares during the period. 5.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Honda Motor Stock Performance

NYSE HMC opened at $25.48 on Friday. Honda Motor Co., Ltd. has a one year low of $25.33 and a one 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. The business has a 50 day simple moving average of $28.30 and a 200 day simple moving average of $30.67.

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

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.