Freestone Capital Holdings LLC Purchases New Holdings in Harley-Davidson Inc (NYSE:HOG)

Freestone Capital Holdings LLC purchased a new stake in shares of Harley-Davidson Inc (NYSE:HOG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 144,438 shares of the company’s stock, valued at approximately $5,175,000. Freestone Capital Holdings LLC owned about 0.09% of Harley-Davidson as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc raised its stake in Harley-Davidson by 2.0% in the first quarter. CIBC Asset Management Inc now owns 15,762 shares of the company’s stock valued at $562,000 after buying an additional 312 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Harley-Davidson by 73.8% during the second quarter. Flagship Harbor Advisors LLC now owns 803 shares of the company’s stock worth $28,000 after purchasing an additional 341 shares during the period. Advisory Services Network LLC increased its stake in shares of Harley-Davidson by 24.5% during the first quarter. Advisory Services Network LLC now owns 2,086 shares of the company’s stock worth $74,000 after purchasing an additional 410 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Harley-Davidson by 5.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,327 shares of the company’s stock worth $333,000 after purchasing an additional 444 shares during the period. Finally, Norinchukin Bank The increased its stake in shares of Harley-Davidson by 1.5% during the first quarter. Norinchukin Bank The now owns 30,279 shares of the company’s stock worth $1,080,000 after purchasing an additional 450 shares during the period. 94.12% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jochen Zeitz sold 2,227 shares of Harley-Davidson stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $33.05, for a total value of $73,602.35. Following the completion of the transaction, the director now directly owns 1 shares of the company’s stock, valued at approximately $33.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark R. Kornetzke sold 3,626 shares of Harley-Davidson stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $35.79, for a total value of $129,774.54. Following the completion of the transaction, the insider now directly owns 31,666 shares of the company’s stock, valued at $1,133,326.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,737 shares of company stock valued at $1,699,899. 0.86% of the stock is owned by corporate insiders.

Shares of NYSE HOG traded down $0.69 during mid-day trading on Tuesday, hitting $31.87. 8,833 shares of the stock traded hands, compared to its average volume of 2,254,727. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03. Harley-Davidson Inc has a twelve month low of $31.16 and a twelve month high of $46.22. The company has a market cap of $5.06 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 1.14 and a beta of 1.18. The firm has a 50 day simple moving average of $34.89 and a two-hundred day simple moving average of $36.07.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.04. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $1.52 EPS. Harley-Davidson’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities research analysts anticipate that Harley-Davidson Inc will post 3.53 earnings per share for the current fiscal year.

HOG has been the topic of a number of recent research reports. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Morgan Stanley lowered their price objective on Harley-Davidson from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 30th. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 30th. KeyCorp restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, July 19th. Finally, Goldman Sachs Group restated a “sell” rating and set a $34.00 price objective (down previously from $37.00) on shares of Harley-Davidson in a research note on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $41.00.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Institutional Ownership by Quarter for Harley-Davidson (NYSE:HOG)

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