SeaBridge Investment Advisors LLC Raises Position in Harley-Davidson Inc (HOG)
SeaBridge Investment Advisors LLC increased its stake in shares of Harley-Davidson Inc (NYSE:HOG) by 6.7% during the first quarter, Holdings Channel reports. The institutional investor owned 92,508 shares of the company’s stock after buying an additional 5,800 shares during the period. Harley-Davidson comprises approximately 1.3% of SeaBridge Investment Advisors LLC’s holdings, making the stock its 26th largest position. SeaBridge Investment Advisors LLC’s holdings in Harley-Davidson were worth $5,597,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. increased its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $178,000 after buying an additional 1,853 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $201,000 after buying an additional 700 shares in the last quarter. Stokes & Hubbell Capital Management LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at about $201,000. Cpcm LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $203,000. Finally, Putnam Investments LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 4.19% during trading on Tuesday, reaching $56.91. 8,263,631 shares of the company’s stock were exchanged. Harley-Davidson Inc has a 52-week low of $41.63 and a 52-week high of $63.40. The company has a market capitalization of $9.94 billion, a PE ratio of 14.86 and a beta of 0.88. The company has a 50 day moving average price of $60.15 and a 200-day moving average price of $58.06. Harley-Davidson also was the target of some unusual options trading activity on Monday. Stock traders purchased 4,888 put options on the stock. This is an increase of approximately 482% compared to the typical volume of 840 put options.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business earned $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business earned $1.36 EPS. Harley-Davidson’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts forecast that Harley-Davidson Inc will post $3.85 earnings per share for the current year.
HOG has been the subject of several recent research reports. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Citigroup Inc lowered their target price on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Wedbush restated a “hold” rating and set a $53.00 target price (up from $48.00) on shares of Harley-Davidson in a research note on Friday, January 13th. Royal Bank of Canada set a $58.00 target price on Harley-Davidson and gave the company a “hold” rating in a research note on Wednesday, February 1st. Finally, Argus restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and an average price target of $56.41.
In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $57.00, for a total transaction of $51,927.00. Following the completion of the transaction, the vice president now owns 2,195 shares of the company’s stock, valued at approximately $125,115. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $56.88, for a total transaction of $5,688,000.00. Following the transaction, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $314,148.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,960 shares of company stock valued at $5,912,378. 0.99% of the stock is owned by company insiders.
Harley-Davidson Company Profile
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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