Zacks Investment Research cut shares of SUBARU CORP/ADR (OTCMKTS:FUJHY) from a hold rating to a sell rating in a research note released on Monday 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 cut SUBARU CORP/ADR from a hold rating to a sell rating in a research note on Saturday, February 2nd.
Several institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in shares of SUBARU CORP/ADR by 1,531.2% during the fourth quarter. Quadrant Capital Group LLC now owns 7,275 shares of the company’s stock worth $76,000 after purchasing an additional 6,829 shares during the last quarter. Henry James International Management Inc. purchased a new stake in shares of SUBARU CORP/ADR during the third quarter worth approximately $154,000. Todd Asset Management LLC raised its stake in shares of SUBARU CORP/ADR by 9.7% during the third quarter. Todd Asset Management LLC now owns 220,600 shares of the company’s stock worth $3,243,000 after purchasing an additional 19,500 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of SUBARU CORP/ADR by 9.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 220,600 shares of the company’s stock worth $3,243,000 after purchasing an additional 19,500 shares during the last quarter. Institutional investors and hedge funds own 0.11% of the company’s stock.
SUBARU CORP/ADR Company Profile
Subaru Corporation manufactures and sells automobiles and aerospace products. It operates through three segments: Automotive, Aerospace Company, and Other Businesses. The company manufactures, repairs, and sells passenger cars and their components under the Subaru brand; airplanes, aerospace-related machinery, and components; industrial product parts and agricultural transmissions; forging parts of automobile and industrial machinery; and engines, repair parts, and remanufactured transmissions.
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