Cantillon Capital Management Lowers stake in Harley-Davidson Inc (HOG)

Harley-Davidson Inc (HOG) : Cantillon Capital Management reduced its stake in Harley-Davidson Inc by 2.59% during the most recent quarter end. The investment management company now holds a total of 5,674,770 shares of Harley-Davidson Inc which is valued at $292,988,375 after selling 151,023 shares in Harley-Davidson Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Harley-Davidson Inc makes up approximately 4.65% of Cantillon Capital Management’s portfolio.

Other Hedge Funds, Including , Thompson Investment Management boosted its stake in HOG in the latest quarter, The investment management firm added 2,795 additional shares and now holds a total of 83,134 shares of Harley-Davidson Inc which is valued at $4,292,208. Harley-Davidson Inc makes up approx 0.84% of Thompson Investment Management’s portfolio.Charter Trust Co boosted its stake in HOG in the latest quarter, The investment management firm added 1,685 additional shares and now holds a total of 6,504 shares of Harley-Davidson Inc which is valued at $320,972. Harley-Davidson Inc makes up approx 0.04% of Charter Trust Co’s portfolio. Simplex Trading added HOG to its portfolio by purchasing 2,826 company shares during the most recent quarter which is valued at $139,463. Harley-Davidson Inc makes up approx 0.02% of Simplex Trading’s portfolio.

Harley-Davidson Inc opened for trading at $54.03 and hit $54.58 on the upside on Monday, eventually ending the session at $53.96, with a gain of 0.88% or 0.47 points. The heightened volatility saw the trading volume jump to 16,15,023 shares. Company has a market cap of $9,648 M.

On the company’s financial health, Harley-Davidson Inc reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.53. The company had revenue of $1670.00 million for the quarter, compared to analysts expectations of $1662.99 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Barclays Downgraded Harley-Davidson Inc on Aug 1, 2016 to ” Underweight”, Price Target of the shares are set at $45.Harley-Davidson Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 29, 2016. RBC Capital Mkts Downgraded Harley-Davidson Inc on Jul 29, 2016 to ” Underperform”, Price Target of the shares are set at $43.

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) segment and the Financial Services segment. The Motorcycles segment consists of HDMC which designs manufactures and sells street-legal Harley-Davidson motorcycles as well as a line of motorcycle parts accessories general merchandise and related services. The Company’s products are sold to retail customers through a network of independent dealers. The Financial Services segment consists of HDFS which provides wholesale and retail financing and insurance and insurance-related programs to Harley-Davidson dealers and their retail customers. The Company conducts its business around the world including in North America Europe the Middle East and Africa (EMEA); Asia-Pacific and Latin America.

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