Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a sell rating to a hold rating in a research report report published on Friday, July 14th. They currently have $21.00 target price on the stock.

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 report on Friday, June 2nd.

Shares of Fuji Heavy Industries (FUJHY) opened at 17.93 on Friday. Fuji Heavy Industries has a 52 week low of $16.26 and a 52 week high of $21.56. The firm has a market capitalization of $27.49 billion, a price-to-earnings ratio of 10.97 and a beta of 0.43. The stock has a 50 day moving average of $17.58 and a 200-day moving average of $18.35.

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Hedge funds have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its stake 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 last quarter. FNY Partners Fund LP acquired a new position in Fuji Heavy Industries during the first quarter worth about $141,000. Finally, 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. Institutional investors and hedge funds own 0.11% 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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