Earnest Partners LLC Sells 45,196 Shares of Honda Motor Co., Ltd. (NYSE:HMC)

Earnest Partners LLC trimmed its stake in Honda Motor Co., Ltd. (NYSE:HMC) by 50.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,299 shares of the company’s stock after selling 45,196 shares during the period. Earnest Partners LLC’s holdings in Honda Motor were worth $1,649,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. RFP Financial Group LLC increased its position in Honda Motor by 91.3% in the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after buying an additional 316 shares during the period. Rise Advisors LLC bought a new stake in shares of Honda Motor during the first quarter worth $27,000. Accordant Advisory Group Inc acquired a new stake in shares of Honda Motor in the first quarter valued at $30,000. LRI Investments LLC acquired a new position in shares of Honda Motor during the first quarter worth approximately $34,000. Finally, Pinnacle Bancorp Inc. boosted its position in Honda Motor by 324.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock valued at $28,000 after buying an additional 691 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

Honda Motor Price Performance

Shares of NYSE HMC traded up $0.19 during mid-day trading on Tuesday, reaching $31.68. 136,151 shares of the company’s stock were exchanged, compared to its average volume of 937,094. Honda Motor Co., Ltd. has a twelve month low of $29.05 and a twelve month high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $32.32 and a 200 day simple moving average of $33.93.

Honda Motor (NYSE:HMC) last announced its earnings results on Friday, May 10th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.44 by $0.55. The firm had revenue of $36.56 billion for the quarter, compared to the consensus estimate of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. As a group, equities research analysts expect that Honda Motor Co., Ltd. will post 4.55 EPS 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.