AQR Capital Management LLC increased its position in shares of Harley-Davidson Inc (NYSE:HOG) by 293.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,687 shares of the company’s stock after buying an additional 25,882 shares during the period. AQR Capital Management LLC’s holdings in Harley-Davidson were worth $ 2,024,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its position in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock worth $ 101,000 after buying an additional 5 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. increased its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares in the last quarter. World Asset Management Inc increased its position in Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock worth $ 983,000 after buying an additional 121 shares in the last quarter. Finally, Hartford Investment Management Co. increased its position in Harley-Davidson by 0.3% in the third quarter. Hartford Investment Management Co. now owns 43,029 shares of the company’s stock worth $ 2,263,000 after buying an additional 128 shares in the last quarter. 89.54% of the stock is owned by institutional investors.
Harley-Davidson Inc (NYSE:HOG) opened at 60.50 on Monday. Harley-Davidson Inc has a 12-month low of $ 41.63 and a 12-month high of $ 63.40. The firm has a 50-day moving average price of $ 58.54 and a 200-day moving average price of $ 56.96. The stock has a market cap of $ 10.56 billion, a PE ratio of 15.80 and a beta of 0.88.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, January 31st. The company reported $ 0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. The business earned $ 1.11 billion during the quarter, compared to analysts’ expectations of $ 972.47 million. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $ 0.22 earnings per share. Analysts forecast that Harley-Davidson Inc will post $ 3.85 EPS for the current fiscal year.
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A number of research firms have recently commented on HOG. Barclays PLC reaffirmed an “underweight” rating and set a $ 53.00 price objective (up previously from $ 45.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Longbow Research raised shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Zacks Investment Research downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, December 21st. Finally, Royal Bank of Canada dropped their price objective on shares of Harley-Davidson from $ 66.00 to $ 58.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $ 55.41.
In related news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,960 shares of company stock valued at $ 5,912,378. Company insiders own 0.99% of the company’s stock.
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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