Parametrica Management Ltd acquired a new stake in shares of Harley-Davidson, Inc. (NYSE:HOG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,574 shares of the company’s stock, valued at approximately $269,000.
Other large investors have also recently added to or reduced their stakes in the company. Matrix Asset Advisors Inc. NY lifted its position in shares of Harley-Davidson by 8.0% during the second quarter. Matrix Asset Advisors Inc. NY now owns 187,682 shares of the company’s stock valued at $10,139,000 after buying an additional 13,897 shares during the last quarter. Independent Franchise Partners LLP lifted its stake in Harley-Davidson by 53.3% during the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after purchasing an additional 2,815,749 shares during the last quarter. Thompson Investment Management Inc. lifted its stake in Harley-Davidson by 0.9% during the second quarter. Thompson Investment Management Inc. now owns 78,459 shares of the company’s stock worth $4,238,000 after purchasing an additional 686 shares during the last quarter. BlueMountain Capital Management LLC purchased a new stake in Harley-Davidson during the second quarter worth approximately $3,059,000. Finally, Zurich Insurance Group Ltd FI lifted its stake in Harley-Davidson by 24.3% during the second quarter. Zurich Insurance Group Ltd FI now owns 45,526 shares of the company’s stock worth $2,459,000 after purchasing an additional 8,908 shares during the last quarter. Institutional investors and hedge funds own 93.32% of the company’s stock.
Shares of Harley-Davidson, Inc. (HOG) traded up $1.45 during trading hours on Monday, hitting $47.30. The stock had a trading volume of 4,136,900 shares, compared to its average volume of 2,263,584. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03. Harley-Davidson, Inc. has a twelve month low of $44.52 and a twelve month high of $63.40. The stock has a market capitalization of $7,960.36, a P/E ratio of 14.78, a P/E/G ratio of 1.62 and a beta of 0.94.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. During the same period in the prior year, the business earned $0.64 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. sell-side analysts forecast that Harley-Davidson, Inc. will post 3.43 EPS for the current year.
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In related news, CFO John A. Olin sold 28,760 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the transaction, the chief financial officer now directly owns 65,722 shares in the company, valued at $3,156,627.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Levatich sold 19,447 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the transaction, the chief executive officer now owns 88,646 shares in the company, valued at $4,286,920.56. The disclosure for this sale can be found here. Insiders have sold 73,739 shares of company stock worth $3,524,954 over the last quarter. 0.70% of the stock is currently owned by company insiders.
A number of brokerages have weighed in on HOG. Goldman Sachs Group, Inc. (The) reiterated a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. Aegis began coverage on Harley-Davidson in a research note on Monday, August 28th. They issued a “hold” rating and a $49.00 price objective for the company. Barclays PLC reduced their price objective on Harley-Davidson from $52.00 to $45.00 and set an “underperform” rating for the company in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.50.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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