Impala Asset Management Lowers stake in Harley-Davidson Inc (HOG)

Harley-Davidson Inc (HOG) : Impala Asset Management reduced its stake in Harley-Davidson Inc by 33.72% during the most recent quarter end. The investment management company now holds a total of 1,239,943 shares of Harley-Davidson Inc which is valued at $73,156,637 after selling 630,738 shares in Harley-Davidson Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Harley-Davidson Inc makes up approximately 4.67% of Impala Asset Management’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank reduced its stake in HOG by selling 11,460 shares or 70.81% in the most recent quarter. The Hedge Fund company now holds 4,725 shares of HOG which is valued at $278,870. Harley-Davidson Inc makes up approx 0.06% of Amalgamated Bank’s portfolio.Artisan Partners Limited Partnership reduced its stake in HOG by selling 174,224 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 2,169,360 shares of HOG which is valued at $128,946,758. Harley-Davidson Inc makes up approx 0.26% of Artisan Partners Limited Partnership’s portfolio.Bank Of Hawaii reduced its stake in HOG by selling 3,828 shares or 10.48% in the most recent quarter. The Hedge Fund company now holds 32,687 shares of HOG which is valued at $1,829,818. Harley-Davidson Inc makes up approx 0.17% of Bank Of Hawaii’s portfolio.Marathon Asset Management Llp reduced its stake in HOG by selling 1,675 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 1,475,542 shares of HOG which is valued at $83,117,281. Harley-Davidson Inc makes up approx 1.82% of Marathon Asset Management Llp’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in HOG by selling 425 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 18,014 shares of HOG which is valued at $1,028,599. Harley-Davidson Inc makes up approx 0.04% of Ferguson Wellman Capital Management Inc’s portfolio.

Harley-Davidson Inc opened for trading at $58.05 and hit $58.6 on the upside on Monday, eventually ending the session at $58.14, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 21,49,774 shares. Company has a market cap of $10,278 M.

On the company’s financial health, Harley-Davidson Inc reported $0.64 EPS for the quarter, based on the information available during the earnings call on Oct 18, 2016. Analyst had a consensus estimate of $0.64. The company had revenue of $1091.60 million for the quarter, compared to analysts expectations of $1090.55 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Company shares were Upgraded by RBC Capital Mkts on Nov 15, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 57 from a previous price target of $46 .Company shares were Reiterated by Stifel on Oct 19, 2016 to “Hold”, Firm has raised the Price Target to $ 51 from a previous price target of $50 .Company shares were Reiterated by RBC Capital Mkts on Oct 19, 2016 to “Underperform”, Firm has raised the Price Target to $ 46 from a previous price target of $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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