Massachusetts Financial Services Co. MA decreased its stake in Harley-Davidson Inc (NYSE:HOG) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,271,116 shares of the company’s stock after selling 105,224 shares during the period. Massachusetts Financial Services Co. MA owned 4.64% of Harley-Davidson worth $261,542,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC acquired a new stake in Harley-Davidson during the 2nd quarter worth $25,000. Pinebridge Investments L.P. acquired a new stake in Harley-Davidson during the 2nd quarter worth $25,000. G&S Capital LLC acquired a new stake in Harley-Davidson during the 2nd quarter worth $26,000. Flagship Harbor Advisors LLC boosted its stake in Harley-Davidson by 73.8% during the 2nd 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. Finally, Coastal Capital Group Inc. acquired a new stake in Harley-Davidson during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 93.38% of the company’s stock.
Shares of HOG traded down $0.36 during trading hours on Wednesday, reaching $38.00. The company had a trading volume of 35,301 shares, compared to its average volume of 2,019,914. The firm has a 50 day simple moving average of $37.05 and a 200-day simple moving average of $35.28. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 1.46 and a beta of 1.20. Harley-Davidson Inc has a 12-month low of $30.17 and a 12-month high of $43.69.
HOG has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating and set a $42.00 price target for the company in a research note on Thursday, October 24th. ValuEngine cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research note on Friday, July 26th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, September 27th. Finally, Stifel Nicolaus set a $39.00 target price on shares of Harley-Davidson and gave the stock a “hold” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and an average target price of $38.63.
In other news, insider Lawrence G. Hund sold 8,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $40.22, for a total value of $321,760.00. Following the completion of the transaction, the insider now owns 10,593 shares in the company, valued at approximately $426,050.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.86% of the company’s stock.
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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