Fuji Heavy Industries Ltd. (FUJHY) Downgraded to Hold at Zacks Investment Research

Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday, July 21st.

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 downgraded shares of Fuji Heavy Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

Fuji Heavy Industries (FUJHY) traded up 0.84% during midday trading on Friday, reaching $17.98. 159,301 shares of the company’s stock traded hands. Fuji Heavy Industries has a 1-year low of $16.26 and a 1-year high of $21.56. The stock’s 50 day moving average price is $17.88 and its 200 day moving average price is $18.16.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its position in Fuji Heavy Industries by 7.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,030,203 shares of the company’s stock valued at $18,925,000 after buying an additional 67,130 shares during the last quarter. Eqis Capital Management Inc. acquired a new position in Fuji Heavy Industries during the first quarter valued at $435,000. Finally, FNY Partners Fund LP acquired a new position in Fuji Heavy Industries during the first quarter valued at $141,000. Hedge funds and other institutional investors own 0.12% 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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