Fuji Heavy Industries Ltd. (FUJHY) Lowered 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 research report issued to clients and investors 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 cut Fuji Heavy Industries from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

Fuji Heavy Industries (FUJHY) traded down 0.62% during midday trading on Friday, reaching $17.73. 31,242 shares of the company traded hands. The firm has a 50-day moving average price of $17.72 and a 200-day moving average price of $18.27. The firm has a market capitalization of $27.19 billion, a price-to-earnings ratio of 10.53 and a beta of 0.43. Fuji Heavy Industries has a one year low of $16.26 and a one year high of $21.56.

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Institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. acquired a new position in Fuji Heavy Industries during the first quarter worth $435,000. Parametric Portfolio Associates LLC boosted 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 worth $18,925,000 after buying an additional 67,130 shares during the last quarter. Finally, FNY Partners Fund LP acquired a new position in Fuji Heavy Industries during the first quarter worth $141,000. 0.11% of the stock is owned by institutional investors and hedge funds.

Fuji Heavy Industries Company Profile

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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