Trading Report: Today: GRATRY & Co LLC Buys Shares of 122,610 Honda Motor Co. (HMC)

Today: GRATRY & Co LLC Buys Shares of 122,610 Honda Motor Co. (HMC)

GRATRY & Co LLC purchased a new stake in Honda Motor Co. (NYSE:HMC) during the third quarter, Holdings Channel reports. The firm purchased 122,610 shares of the company’s stock, valued at approximately $3,546,000. Honda Motor makes up approximately 2.8% of GRATRY & Co LLC’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMC. Sei Investments Co. raised its position in Honda Motor by 10.8% in the third quarter. Sei Investments Co. now owns 35,848 shares of the company’s stock valued at $1,036,000 after buying an additional 3,487 shares in the last quarter. M&T Bank Corp raised its position in Honda Motor by 275.2% in the third quarter. M&T Bank Corp now owns 39,673 shares of the company’s stock valued at $1,148,000 after buying an additional 29,099 shares in the last quarter. Smithfield Trust Co. raised its position in Honda Motor by 0.8% in the third quarter. Smithfield Trust Co. now owns 6,311 shares of the company’s stock valued at $182,000 after buying an additional 50 shares in the last quarter. Bank of New York Mellon Corp raised its position in Honda Motor by 8.2% in the third quarter. Bank of New York Mellon Corp now owns 69,497 shares of the company’s stock valued at $2,011,000 after buying an additional 5,295 shares in the last quarter. Finally, Noesis Capital Mangement Corp raised its position in Honda Motor by 3.9% in the third quarter. Noesis Capital Mangement Corp now owns 143,557 shares of the company’s stock valued at $4,152,000 after buying an additional 5,371 shares in the last quarter. Institutional investors and hedge funds own 2.77% of the company’s stock.

Shares of Honda Motor Co. (NYSE:HMC) opened at 29.41 on Monday. The stock has a market capitalization of $53.01 billion, a P/E ratio of 15.38 and a beta of 1.21. The firm’s 50-day moving average price is $29.03 and its 200-day moving average price is $28.21. Honda Motor Co. has a one year low of $24.03 and a one year high of $33.42.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, November 16th. TheStreet upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.40.

Honda Motor Company Profile

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

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