Zacks Investment Research upgraded shares of Fuji Heavy Industries Ltd (OTCMKTS:FUJHY) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Shares of Fuji Heavy Industries (OTCMKTS:FUJHY) opened at 19.03 on Wednesday. Fuji Heavy Industries has a 52 week low of $15.27 and a 52 week high of $77.66. The firm has a market capitalization of $29.18 billion and a price-to-earnings ratio of 11.02. The stock has a 50 day moving average price of $19.31 and a 200-day moving average price of $37.21.

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A number of hedge funds have recently added to or reduced their stakes in FUJHY. Boston Advisors LLC increased its stake in Fuji Heavy Industries by 0.9% in the third quarter. Boston Advisors LLC now owns 4,440 shares of the company’s stock valued at $329,000 after buying an additional 40 shares during the period. CENTRAL TRUST Co increased its stake in Fuji Heavy Industries by 4.3% in the third quarter. CENTRAL TRUST Co now owns 1,972 shares of the company’s stock valued at $146,000 after buying an additional 82 shares during the period. Scout Investments Inc. increased its stake in Fuji Heavy Industries by 22.7% in the third quarter. Scout Investments Inc. now owns 52,215 shares of the company’s stock valued at $3,872,000 after buying an additional 9,675 shares during the period. Finally, Cim Investment Mangement Inc. increased its stake in Fuji Heavy Industries by 300.0% in the fourth quarter. Cim Investment Mangement Inc. now owns 14,684 shares of the company’s stock valued at $300,000 after buying an additional 11,013 shares during the period.

Fuji Heavy Industries Company Profile

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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