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

Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to 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 downgraded shares of Fuji Heavy Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.

Shares of Fuji Heavy Industries (FUJHY) traded down 0.45% on Friday, hitting $17.65. The stock had a trading volume of 49,186 shares. Fuji Heavy Industries has a 1-year low of $16.26 and a 1-year high of $21.56. The company has a market capitalization of $27.06 billion, a PE ratio of 10.48 and a beta of 0.43. The firm has a 50-day moving average of $17.75 and a 200 day moving average of $18.24.

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Hedge funds have recently bought and sold shares of the company. FNY Partners Fund LP acquired a new stake in Fuji Heavy Industries during the first quarter valued at $141,000. Eqis Capital Management Inc. purchased a new position in shares of Fuji Heavy Industries during the first quarter valued at approximately $435,000. 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. 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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