Ameritas Investment Partners Inc. Has $224,000 Stake in Harley-Davidson, Inc. (HOG)
Ameritas Investment Partners Inc. held its position in shares of Harley-Davidson, Inc. (NYSE:HOG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,166 shares of the company’s stock at the close of the second quarter. Ameritas Investment Partners Inc.’s holdings in Harley-Davidson were worth $224,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in Harley-Davidson by 605.1% during the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after buying an additional 14,359,571 shares during the last quarter. Impala Asset Management LLC raised its stake in Harley-Davidson by 60.2% during the second quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock worth $112,223,000 after buying an additional 780,371 shares during the last quarter. Janus Henderson Group PLC raised its stake in Harley-Davidson by 2,910.0% during the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock worth $30,245,000 after buying an additional 541,280 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Harley-Davidson by 68.3% during the second quarter. Great West Life Assurance Co. Can now owns 1,171,502 shares of the company’s stock worth $63,177,000 after buying an additional 475,539 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its stake in Harley-Davidson by 415.8% during the second quarter. State of New Jersey Common Pension Fund D now owns 490,000 shares of the company’s stock worth $26,469,000 after buying an additional 395,000 shares during the last quarter. 91.98% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO John A. Olin sold 28,760 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the transaction, the chief financial officer now directly owns 65,722 shares in the company, valued at approximately $3,156,627.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lawrence G. Hund sold 15,013 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,220 shares of company stock valued at $3,030,113. 0.70% of the stock is owned by company insiders.
Harley-Davidson, Inc. (HOG) opened at 47.20 on Tuesday. The firm has a market capitalization of $8.02 billion, a PE ratio of 14.73 and a beta of 0.87. Harley-Davidson, Inc. has a one year low of $45.25 and a one year high of $63.40. The stock’s 50 day moving average is $47.99 and its 200-day moving average is $50.90.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same period in the prior year, the business earned $0.64 EPS. The company’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts anticipate that Harley-Davidson, Inc. will post $3.43 EPS for the current fiscal year.
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HOG has been the subject of a number of analyst reports. ValuEngine raised shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Friday, July 21st. BMO Capital Markets reissued a “buy” rating and set a $56.00 target price on shares of Harley-Davidson in a research note on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and set a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. Finally, Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Friday, October 20th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. 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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