Quantbot Technologies LP Trims Stake in Harley-Davidson, Inc. (HOG)

Quantbot Technologies LP trimmed its position in Harley-Davidson, Inc. (NYSE:HOG) by 22.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,495 shares of the company’s stock after selling 9,604 shares during the quarter. Quantbot Technologies LP’s holdings in Harley-Davidson were worth $1,614,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HOG. AQR Capital Management LLC increased its holdings in shares of Harley-Davidson by 5.4% in the first quarter. AQR Capital Management LLC now owns 36,569 shares of the company’s stock worth $2,212,000 after purchasing an additional 1,882 shares during the last quarter. Bank of Montreal Can increased its stake in Harley-Davidson by 4.9% during the second quarter. Bank of Montreal Can now owns 131,197 shares of the company’s stock worth $7,087,000 after acquiring an additional 6,156 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Harley-Davidson by 16.0% during the second quarter. State of Alaska Department of Revenue now owns 5,137 shares of the company’s stock worth $277,000 after acquiring an additional 710 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Harley-Davidson by 514.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 28,575 shares of the company’s stock worth $1,544,000 after acquiring an additional 23,926 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock worth $589,000 after acquiring an additional 100 shares during the last quarter. 93.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Harley-Davidson, Inc. (NYSE:HOG) opened at $47.25 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $7,951.94, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.62 and a beta of 0.94. Harley-Davidson, Inc. has a twelve month low of $44.52 and a twelve month high of $63.40.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The company had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. Harley-Davidson’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.64 earnings per share. equities analysts forecast that Harley-Davidson, Inc. will post 3.43 EPS for the current year.

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In other news, CEO Matthew S. Levatich sold 19,447 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the transaction, the chief executive officer now directly owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the transaction, the insider now directly owns 23,673 shares in the company, valued at $1,116,892.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,739 shares of company stock worth $3,524,954. Insiders own 0.70% of the company’s stock.

Several brokerages have weighed in on HOG. Argus raised Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, October 20th. TheStreet cut Harley-Davidson from a “b-” rating to a “c+” rating in a research note on Tuesday, October 17th. Stifel Nicolaus boosted their price objective on Harley-Davidson from $48.00 to $49.00 and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) restated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.50.

About Harley-Davidson

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.

Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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