Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Subaru Corp. manufactures and distributes automobile products. The Company’s Automobile segment manufactures and sells vehicles and related products. Aerospace segment manufactures aircrafts, parts of space-related devices. Subaru Corp., formerly known as Fuji Heavy Industries Ltd., is based in SHIBUYA-KU, Japan. “

Separately, ValuEngine lowered Fuji Heavy Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Shares of Fuji Heavy Industries (OTCMKTS FUJHY) traded down 1.39% during mid-day trading on Tuesday, hitting $16.29. The company had a trading volume of 39,715 shares. Fuji Heavy Industries has a 12 month low of $16.12 and a 12 month high of $21.56. The firm has a 50-day moving average of $17.35 and a 200-day moving average of $19.02. The company has a market cap of $24.98 billion, a PE ratio of 9.88 and a beta of 0.41.

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Several large investors have recently bought and sold shares of FUJHY. Boston Advisors LLC increased its position in shares of Fuji Heavy Industries by 0.9% in the third quarter. Boston Advisors LLC now owns 4,440 shares of the company’s stock worth $329,000 after buying an additional 40 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Fuji Heavy Industries by 4.3% in the third quarter. CENTRAL TRUST Co now owns 1,972 shares of the company’s stock worth $146,000 after buying an additional 82 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Fuji Heavy Industries during the first quarter worth approximately $141,000. Glenmede Trust Co. NA increased its position in shares of Fuji Heavy Industries by 9.8% in the second quarter. Glenmede Trust Co. NA now owns 100,224 shares of the company’s stock worth $6,795,000 after buying an additional 8,922 shares in the last quarter. Finally, Scout Investments Inc. increased its position in shares of Fuji Heavy Industries by 22.7% in the third quarter. Scout Investments Inc. now owns 52,215 shares of the company’s stock worth $3,872,000 after buying an additional 9,675 shares in the last quarter. Institutional investors and hedge funds own 0.11% of the company’s stock.

About Fuji Heavy Industries

SUBARU CORPORATION, formerly Fuji Heavy Industries Ltd., is a manufacturer of Subaru automobiles. The Company’s segments include Automobiles, Aerospace, Industrial products and Other. The Automobile segment manufactures and sells vehicles and related products. The Aerospace segment manufactures aircrafts, parts of space-related devices.

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