WBI Investments Inc. Acquires 386,552 Shares of Harley-Davidson Inc (HOG)

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WBI Investments Inc. boosted its holdings in Harley-Davidson Inc (NYSE:HOG) by 727.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 439,676 shares of the company’s stock after purchasing an additional 386,552 shares during the quarter. Harley-Davidson accounts for 1.1% of WBI Investments Inc.’s investment portfolio, making the stock its 22nd biggest holding. WBI Investments Inc.’s holdings in Harley-Davidson were worth $19,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Riverhead Capital Management LLC lifted its position in Harley-Davidson by 10.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,659 shares of the company’s stock valued at $533,000 after acquiring an additional 1,187 shares in the last quarter. Cribstone Capital Management LLC lifted its position in Harley-Davidson by 75.0% in the 2nd quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after acquiring an additional 1,200 shares in the last quarter. Aperio Group LLC lifted its position in Harley-Davidson by 2.9% in the 3rd quarter. Aperio Group LLC now owns 50,236 shares of the company’s stock valued at $2,276,000 after acquiring an additional 1,408 shares in the last quarter. Flinton Capital Management LLC lifted its position in shares of Harley-Davidson by 11.6% during the 2nd quarter. Flinton Capital Management LLC now owns 14,028 shares of the company’s stock worth $590,000 after buying an additional 1,456 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Harley-Davidson during the 2nd quarter worth approximately $112,000. 85.94% of the stock is currently owned by institutional investors and hedge funds.

NYSE:HOG opened at $38.22 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $6.29 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.22 and a beta of 0.93. Harley-Davidson Inc has a 12 month low of $35.76 and a 12 month high of $56.50.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, October 23rd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Harley-Davidson had a net margin of 10.66% and a return on equity of 33.57%. Harley-Davidson’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts expect that Harley-Davidson Inc will post 3.88 EPS for the current year.

Several equities analysts have commented on HOG shares. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 11th. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. Stifel Nicolaus lifted their target price on shares of Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Citigroup lifted their target price on shares of Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, DA Davidson reissued a “sell” rating on shares of Harley-Davidson in a research report on Tuesday, August 14th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $44.38.

In related news, insider Lawrence G. Hund sold 37,040 shares of Harley-Davidson stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $43.33, for a total value of $1,604,943.20. Following the sale, the insider now owns 29,715 shares of the company’s stock, valued at approximately $1,287,550.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John A. Olin sold 12,587 shares of Harley-Davidson stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total transaction of $547,282.76. Following the completion of the sale, the chief financial officer now directly owns 55,016 shares in the company, valued at approximately $2,392,095.68. The disclosure for this sale can be found here. Insiders sold a total of 51,225 shares of company stock worth $2,221,739 in the last ninety days. 0.58% of the stock is currently owned by insiders.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment 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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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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