Fuji Heavy Industries Ltd. (FUJHY) Rating Lowered to Hold at ValuEngine
Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
Separately, Zacks Investment Research lowered shares of Fuji Heavy Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 21st.
Shares of Fuji Heavy Industries (FUJHY) traded up 0.136% during mid-day trading on Friday, hitting $17.654. The stock had a trading volume of 15,661 shares. The stock has a 50-day moving average price of $17.81 and a 200 day moving average price of $17.96. Fuji Heavy Industries has a 52 week low of $16.26 and a 52 week high of $21.56. The stock has a market cap of $27.07 billion, a P/E ratio of 10.382 and a beta of 0.43.
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Institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. increased its holdings in shares of Fuji Heavy Industries by 22.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 28,914 shares of the company’s stock worth $487,000 after purchasing an additional 5,257 shares during the period. FNY Partners Fund LP bought a new position in shares of Fuji Heavy Industries during the 1st quarter worth about $141,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Fuji Heavy Industries by 7.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,030,203 shares of the company’s stock worth $18,925,000 after purchasing an additional 67,130 shares during the period. 0.11% of the stock is owned by hedge funds and other institutional investors.
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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