HighTower Advisors LLC lessened its stake in Harley-Davidson, Inc. (NYSE:HOG) by 26.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,851 shares of the company’s stock after selling 3,255 shares during the quarter. HighTower Advisors LLC’s holdings in Harley-Davidson were worth $475,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Northside Capital Management LLC bought a new stake in shares of Harley-Davidson in the 1st quarter worth approximately $218,000. Geneva Advisors LLC raised its holdings in shares of Harley-Davidson by 5.4% in the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after purchasing an additional 200 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Harley-Davidson by 20.7% in the 2nd quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock worth $220,000 after purchasing an additional 700 shares during the period. Annex Advisory Services LLC raised its holdings in shares of Harley-Davidson by 2.5% in the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after purchasing an additional 102 shares during the period. Finally, Invictus RG raised its holdings in shares of Harley-Davidson by 1,518.5% in the 1st quarter. Invictus RG now owns 4,208 shares of the company’s stock worth $255,000 after purchasing an additional 3,948 shares during the period. 91.14% of the stock is currently owned by institutional investors.
Harley-Davidson, Inc. (NYSE:HOG) traded down 1.97% during mid-day trading on Friday, hitting $47.84. 1,542,233 shares of the stock were exchanged. The stock has a market capitalization of $8.13 billion, a PE ratio of 14.93 and a beta of 0.87. The company has a 50-day moving average of $47.91 and a 200-day moving average of $51.26. Harley-Davidson, Inc. has a 52 week low of $45.25 and a 52 week high of $63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The business had revenue of $962.10 million during the quarter, compared to analysts’ expectations of $959.41 million. During the same period last year, the company posted $0.64 EPS. The business’s revenue was down 11.9% on a year-over-year basis. On average, equities analysts predict that Harley-Davidson, Inc. will post $3.43 EPS for the current fiscal year.
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In other Harley-Davidson news, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the transaction, the chief financial officer now directly owns 65,722 shares of the company’s stock, valued at approximately $3,156,627.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Levatich sold 19,447 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total transaction of $940,456.92. Following the completion of the sale, the chief executive officer now owns 88,646 shares of the company’s stock, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. Insiders sold a total of 63,220 shares of company stock valued at $3,030,113 over the last three months. Corporate insiders own 0.70% of the company’s stock.
A number of research firms recently commented on HOG. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 price target on shares of Harley-Davidson in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. BidaskClub cut shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Tigress Financial reaffirmed a “buy” rating on shares of Harley-Davidson in a report on Friday, July 21st. Finally, Aegis began coverage on shares of Harley-Davidson in a research note on Monday, August 28th. They issued a “hold” rating and a $49.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the stock. Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $52.50.
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) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.
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