Stratos Wealth Partners LTD. Has $1.13 Million Stake in Harley-Davidson, Inc. (HOG)
Stratos Wealth Partners LTD. decreased its holdings in shares of Harley-Davidson, Inc. (NYSE:HOG) by 41.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,457 shares of the company’s stock after selling 16,325 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Harley-Davidson were worth $1,131,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of HOG. Capital Research Global Investors boosted its holdings in shares of Harley-Davidson by 605.1% during the second quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock worth $903,895,000 after purchasing an additional 14,359,571 shares during the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of Harley-Davidson by 53.3% during the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after purchasing an additional 2,815,749 shares during the last quarter. Impala Asset Management LLC boosted its holdings in shares of Harley-Davidson by 60.2% during the second quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock worth $112,223,000 after purchasing an additional 780,371 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Harley-Davidson by 2,910.0% in the second quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after acquiring an additional 541,280 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Harley-Davidson by 18.1% in the third quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock valued at $153,476,000 after acquiring an additional 488,628 shares during the last quarter. Institutional investors and hedge funds own 93.32% of the company’s stock.
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A number of research analysts recently weighed in on the company. Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Friday, October 20th. TheStreet cut Harley-Davidson from a “b-” rating to a “c+” rating in a report on Tuesday, October 17th. Stifel Nicolaus lifted their target price on Harley-Davidson from $48.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, The Goldman Sachs Group, Inc. reiterated a “hold” rating on shares of Harley-Davidson in a report on Sunday, October 15th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $52.50.
Shares of Harley-Davidson, Inc. (NYSE HOG) traded up $0.63 during midday trading on Friday, hitting $48.10. The stock had a trading volume of 2,571,300 shares, compared to its average volume of 2,260,240. Harley-Davidson, Inc. has a twelve month low of $44.52 and a twelve month high of $63.40. The stock has a market capitalization of $7,988.97, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. The company has a debt-to-equity ratio of 2.48, a quick ratio of 1.03 and a current ratio of 1.18.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. research analysts expect that Harley-Davidson, Inc. will post 3.43 EPS for the current fiscal year.
In other news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total transaction of $708,313.34. Following the sale, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of Harley-Davidson stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $48.36, for a total value of $940,456.92. Following the completion of the transaction, the chief executive officer now owns 88,646 shares of the company’s stock, valued at $4,286,920.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,739 shares of company stock worth $3,524,954. Corporate insiders own 0.70% of the company’s stock.
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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