Impala Asset Management buys $83.9 Million stake in Harley-Davidson Inc (HOG)

Harley-Davidson Inc (HOG) : Impala Asset Management scooped up 225,166 additional shares in Harley-Davidson Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,841,711 shares of Harley-Davidson Inc which is valued at $83.9 Million.Harley-Davidson Inc makes up approximately 5.49% of Impala Asset Management’s portfolio.

Other Hedge Funds, Including , Md Sass Investors Services Inc reduced its stake in HOG by selling 310 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 67,100 shares of HOG which is valued at $3.1 Million. Harley-Davidson Inc makes up approx 0.18% of Md Sass Investors Services Inc’s portfolio.Credit Agricole S A boosted its stake in HOG in the latest quarter, The investment management firm added 136,579 additional shares and now holds a total of 462,570 shares of Harley-Davidson Inc which is valued at $21.1 Million. Harley-Davidson Inc makes up approx 0.10% of Credit Agricole S A’s portfolio.Blackrock Group Ltd reduced its stake in HOG by selling 43,436 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 1,546,549 shares of HOG which is valued at $70.5 Million. Harley-Davidson Inc makes up approx 0.04% of Blackrock Group Ltd’s portfolio.Andra Ap-fonden reduced its stake in HOG by selling 9,000 shares or 26.63% in the most recent quarter. The Hedge Fund company now holds 24,800 shares of HOG which is valued at $1.1 Million. Harley-Davidson Inc makes up approx 0.03% of Andra Ap-fonden’s portfolio.

Harley-Davidson Inc opened for trading at $44.68 and hit $45.4 on the upside on Wednesday, eventually ending the session at $45.23, with a gain of 1.55% or 0.69 points. The heightened volatility saw the trading volume jump to 13,95,689 shares. Company has a market cap of $8,191 M.

On the company’s financial health, Harley-Davidson Inc reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $1.30. The company had revenue of $1576.60 million for the quarter, compared to analysts expectations of $1499.25 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Harley-Davidson Inc. Shares were Reiterated by Wedbush on May 16, 2016 to “Neutral” and Lowered the Price Target to $ 40 from a previous price target of $42 .Shares were Reiterated by Wedbush on Apr 13, 2016 to “Neutral” and Lowered the Price Target to $ 42 from a previous price target of $46 .Company shares were Reiterated by Wunderlich on Mar 30, 2016 to “Hold”, Firm has raised the Price Target to $ 52 from a previous price target of $44 .

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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