Fuji Heavy Industries Ltd. (FUJHY) Stock Rating Lowered by 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 shares of Fuji Heavy Industries from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.

Shares of Fuji Heavy Industries (OTCMKTS:FUJHY) opened at 18.235 on Friday. Fuji Heavy Industries has a 52 week low of $16.26 and a 52 week high of $21.56.

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Large investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised 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 period. Eqis Capital Management Inc. raised its position in Fuji Heavy Industries by 22.2% in the second quarter. Eqis Capital Management Inc. now owns 28,914 shares of the company’s stock valued at $487,000 after buying an additional 5,257 shares during the period. Finally, FNY Partners Fund LP acquired a new position in Fuji Heavy Industries during the first quarter valued at about $141,000. 0.11% of the stock is currently owned by 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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