Cetera Investment Advisers Reduces Position in Harley-Davidson, Inc. (NYSE:HOG)

Cetera Investment Advisers decreased its position in Harley-Davidson, Inc. (NYSE:HOG) by 50.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,922 shares of the company’s stock after selling 28,064 shares during the period. Cetera Investment Advisers’ holdings in Harley-Davidson were worth $705,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Brickwood Asset Management LLP purchased a new stake in shares of Harley-Davidson during the 4th quarter valued at $27,783,000. Aquatic Capital Management LLC grew its position in Harley-Davidson by 186.6% during the 4th quarter. Aquatic Capital Management LLC now owns 144,458 shares of the company’s stock worth $4,353,000 after purchasing an additional 94,058 shares during the period. Praxis Investment Management Inc. acquired a new stake in Harley-Davidson during the 1st quarter worth about $291,000. Northern Trust Corp grew its position in Harley-Davidson by 20.1% during the 4th quarter. Northern Trust Corp now owns 1,063,222 shares of the company’s stock worth $32,035,000 after purchasing an additional 177,748 shares during the period. Finally, Skylands Capital LLC grew its position in shares of Harley-Davidson by 79.3% during the 1st quarter. Skylands Capital LLC now owns 43,200 shares of the company’s stock valued at $1,091,000 after acquiring an additional 19,100 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

Insider Buying and Selling at Harley-Davidson

In other Harley-Davidson news, Director Rafeh Masood bought 2,068 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $24.06 per share, with a total value of $49,756.08. Following the purchase, the director owned 4,705 shares in the company, valued at approximately $113,202.30. The trade was a 78.42% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.93% of the stock is currently owned by company insiders.

Harley-Davidson Trading Up 0.6%

Shares of HOG opened at $27.59 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.37 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $24.42 and a 200-day simple moving average of $24.61. Harley-Davidson, Inc. has a 1-year low of $20.45 and a 1-year high of $39.93. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 0.46 and a beta of 1.29.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.09 billion. Harley-Davidson had a net margin of 5.76% and a return on equity of 7.43%. The firm’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.63 EPS. Equities analysts forecast that Harley-Davidson, Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HOG has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on Harley-Davidson from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 14th. UBS Group reduced their price target on shares of 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, Citigroup boosted their target price on Harley-Davidson from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $29.83.

About Harley-Davidson

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.