Teachers Retirement System of The State of Kentucky Makes New $13.36 Million Investment in Honda Motor Co., Ltd. (NYSE:HMC)

Teachers Retirement System of The State of Kentucky acquired a new stake in Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 618,630 shares of the company’s stock, valued at approximately $13,356,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in Honda Motor by 47.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,668,367 shares of the company’s stock worth $47,148,000 after purchasing an additional 535,537 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Honda Motor by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,199,876 shares of the company’s stock worth $25,905,000 after buying an additional 518,255 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Honda Motor by 39.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,720,898 shares of the company’s stock valued at $41,560,000 after buying an additional 484,200 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Honda Motor by 40.5% in the first quarter. Dimensional Fund Advisors LP now owns 997,675 shares of the company’s stock valued at $28,194,000 after acquiring an additional 287,536 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in Honda Motor by 104.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 553,600 shares of the company’s stock worth $13,369,000 after acquiring an additional 282,276 shares in the last quarter. 5.48% of the stock is owned by institutional investors.

Honda Motor Stock Performance

Honda Motor stock opened at $25.50 on Friday. The stock has a 50-day simple moving average of $25.04 and a 200 day simple moving average of $24.11. The stock has a market capitalization of $43.62 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 1.30 and a beta of 0.75. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. Honda Motor Co., Ltd. has a 12-month low of $21.43 and a 12-month high of $29.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HMC shares. StockNews.com initiated coverage on shares of Honda Motor in a report on Thursday. They issued a “strong-buy” rating on the stock. JPMorgan Chase & Co. raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 28th. Finally, TheStreet raised Honda Motor from a “c+” rating to a “b-” rating in a report on Tuesday, January 31st.

Honda Motor 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.