Zacks Investment Research downgraded shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a buy rating to a hold rating in a research report report published on Friday morning.
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 Fuji Heavy Industries from a buy rating to a hold rating in a report on Friday, June 2nd.
Fuji Heavy Industries (OTCMKTS:FUJHY) opened at 17.90 on Friday. The firm’s 50 day moving average price is $17.30 and its 200-day moving average price is $18.50. The firm has a market cap of $27.45 billion, a PE ratio of 11.01 and a beta of 0.41. Fuji Heavy Industries has a one year low of $16.26 and a one year high of $21.56.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. increased its position in shares of 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. FNY Partners Fund LP acquired a new position in shares of Fuji Heavy Industries during the first quarter valued at $141,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of 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. Institutional investors own 0.11% of the company’s stock.
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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