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 lowered Fuji Heavy Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Shares of Fuji Heavy Industries (OTCMKTS FUJHY) traded up 0.79% during mid-day trading on Friday, reaching $17.76. 6,777 shares of the company were exchanged. The company’s 50-day moving average is $17.94 and its 200 day moving average is $18.13. Fuji Heavy Industries has a 12 month low of $16.26 and a 12 month high of $21.56.
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Several hedge funds have recently made changes to their positions in the stock. FNY Partners Fund LP acquired a new stake in shares of Fuji Heavy Industries during the first quarter worth $141,000. Eqis Capital Management Inc. acquired a new stake in shares of Fuji Heavy Industries during the first quarter worth $435,000. Finally, Parametric Portfolio Associates LLC raised its stake 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 worth $18,925,000 after buying an additional 67,130 shares during the period. Institutional investors own 0.12% 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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