Quantbot Technologies LP Lowers Position in Harley-Davidson, Inc. $HOG

Key Points

• Quantbot Technologies LP has reduced its stake in Harley-Davidson by 20.9%, holding 102,537 shares valued at approximately $2.59 million after selling 27,037 shares in the first quarter.
• Other hedge funds have increased their investments significantly, with Versant Capital Management raising its stake by 3,514.8% and UMB Bank increasing its position by 153.6% during the same period.
• Harley-Davidson reported lower than expected earnings with an EPS of $0.88 for the latest quarter, missing estimates and showing a 19.3% decline in year-over-year revenue.

Quantbot Technologies LP decreased its position in Harley-Davidson, Inc. (NYSE:HOG - Free Report) by 20.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,537 shares of the company's stock after selling 27,037 shares during the quarter. Quantbot Technologies LP owned 0.08% of Harley-Davidson worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Harley-Davidson by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,835,139 shares of the company's stock worth $205,940,000 after acquiring an additional 332,928 shares during the last quarter. American Century Companies Inc. raised its position in Harley-Davidson by 7.7% in the 1st quarter. American Century Companies Inc. now owns 3,766,421 shares of the company's stock worth $95,102,000 after purchasing an additional 269,842 shares during the period. Donald Smith & CO. Inc. lifted its stake in Harley-Davidson by 104.0% in the first quarter. Donald Smith & CO. Inc. now owns 3,409,696 shares of the company's stock worth $86,095,000 after purchasing an additional 1,738,017 shares during the last quarter. Brown Advisory Inc. lifted its stake in Harley-Davidson by 4.8% in the fourth quarter. Brown Advisory Inc. now owns 1,568,751 shares of the company's stock worth $47,266,000 after purchasing an additional 71,495 shares during the last quarter. Finally, Brickwood Asset Management LLP boosted its position in Harley-Davidson by 24.2% during the first quarter. Brickwood Asset Management LLP now owns 1,145,259 shares of the company's stock valued at $28,918,000 after buying an additional 223,146 shares during the period. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Trading Up 5.9%

Shares of Harley-Davidson stock traded up $1.60 during trading on Friday, reaching $28.66. 1,903,470 shares of the stock were exchanged, compared to its average volume of 2,752,930. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 1.32. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.46 and a beta of 1.29. Harley-Davidson, Inc. has a 1 year low of $20.45 and a 1 year high of $39.93. The stock's fifty day moving average is $24.76 and its 200 day moving average is $24.62.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.11). Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company earned $1.63 EPS. The company's revenue for the quarter was down 19.3% on a year-over-year basis. As a group, equities research analysts expect that Harley-Davidson, Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Rafeh Masood purchased 2,068 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average price of $24.06 per share, for a total transaction of $49,756.08. Following the completion of the acquisition, the director directly owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on HOG. Citigroup lifted their price objective on Harley-Davidson from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. UBS Group reduced their price target on Harley-Davidson from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Finally, Robert W. Baird lifted their price target on Harley-Davidson from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $29.83.

Harley-Davidson Company Profile

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.