Honda Motor Co., Ltd. (HMC) Forms $34.98 Double Top; Rivernorth Capital Management Lifted American Cap Sr Floating LTD (ACSF) Position

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Rivernorth Capital Management Llc increased American Cap Sr Floating Ltd (ACSF) stake by 2272.34% reported in 2017Q4 SEC filing. Rivernorth Capital Management Llc acquired 377,595 shares as American Cap Sr Floating Ltd (ACSF)’s stock rose 4.74%. The Rivernorth Capital Management Llc holds 394,212 shares with $4.15M value, up from 16,617 last quarter. American Cap Sr Floating Ltd now has $111.50 million valuation. The stock increased 0.22% or $0.02 during the last trading session, reaching $11.15. About 24,615 shares traded. American Capital Senior Floating, Ltd. (NASDAQ:ACSF) has declined 16.29% since April 15, 2017 and is downtrending. It has underperformed by 27.84% the S&P500.

Honda Motor Co., Ltd. (HMC) formed double top with $36.38 target or 4.00% above today’s $34.98 share price. Honda Motor Co., Ltd. (HMC) has $62.63 billion valuation. The stock increased 0.11% or $0.04 during the last trading session, reaching $34.98. About 569,661 shares traded. Honda Motor Co., Ltd. (NYSE:HMC) has risen 9.48% since April 15, 2017 and is uptrending. It has underperformed by 2.07% the S&P500.

Among 9 analysts covering Honda Motor Co (NYSE:HMC), 2 have Buy rating, 5 Sell and 2 Hold. Therefore 22% are positive. Honda Motor Co had 21 analyst reports since August 27, 2015 according to SRatingsIntel. On Friday, October 9 the stock rating was downgraded by Jefferies to “Hold”. As per Tuesday, August 15, the company rating was maintained by Jefferies. The stock of Honda Motor Co., Ltd. (NYSE:HMC) has “Buy” rating given on Friday, February 26 by Jefferies. CLSA downgraded Honda Motor Co., Ltd. (NYSE:HMC) on Friday, May 13 to “Underperform” rating. The firm earned “Neutral” rating on Thursday, December 1 by Macquarie Research. Jefferies maintained the stock with “Buy” rating in Thursday, October 12 report. The rating was upgraded by Macquarie Research to “Outperform” on Saturday, February 4. The firm has “Underperform” rating by Credit Agricole given on Friday, May 13. Zacks downgraded the shares of HMC in report on Thursday, August 27 to “Buy” rating. On Friday, May 27 the stock rating was downgraded by UBS to “Sell”.

Analysts await Honda Motor Co., Ltd. (NYSE:HMC) to report earnings on April, 27. They expect $0.48 EPS, up 2.13% or $0.01 from last year’s $0.47 per share. HMC’s profit will be $859.40M for 18.22 P/E if the $0.48 EPS becomes a reality. After $1.11 actual EPS reported by Honda Motor Co., Ltd. for the previous quarter, Wall Street now forecasts -56.76% negative EPS growth.

Rivernorth Capital Management Llc decreased Blackrock Cr Allctn Inc Tr (BTZ) stake by 62,805 shares to 2.82 million valued at $37.61 million in 2017Q4. It also reduced Lmp Cap & Income Fd Inc (SCD) stake by 32,781 shares and now owns 89,235 shares. Clough Global Equity Fd (GLQ) was reduced too.

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