Holley Inc. (NYSE:HLLY) Position Trimmed by Raymond James & Associates

Raymond James & Associates cut its position in Holley Inc. (NYSE:HLLYFree Report) by 14.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,303 shares of the company’s stock after selling 2,292 shares during the quarter. Raymond James & Associates’ holdings in Holley were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in Holley by 132.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,061 shares of the company’s stock valued at $25,000 after buying an additional 3,457 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Holley in the 1st quarter worth $28,000. Barclays PLC grew its position in Holley by 533.4% in the 4th quarter. Barclays PLC now owns 13,808 shares of the company’s stock worth $29,000 after purchasing an additional 11,628 shares during the last quarter. Cibc World Market Inc. bought a new position in shares of Holley during the 2nd quarter worth about $41,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Holley by 148.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,693 shares of the company’s stock worth $48,000 after acquiring an additional 6,978 shares during the period. 78.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew Stevenson acquired 11,147 shares of the stock in a transaction dated Tuesday, November 21st. The stock was bought at an average price of $3.99 per share, for a total transaction of $44,476.53. Following the purchase, the chief executive officer now directly owns 2,405,858 shares of the company’s stock, valued at approximately $9,599,373.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Holley news, Director Ginger M. Jones purchased 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $3.77 per share, for a total transaction of $37,700.00. Following the purchase, the director now owns 71,299 shares of the company’s stock, valued at approximately $268,797.23. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Stevenson purchased 11,147 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $3.99 per share, with a total value of $44,476.53. Following the purchase, the chief executive officer now directly owns 2,405,858 shares in the company, valued at approximately $9,599,373.42. The disclosure for this purchase can be found here. 0.92% of the stock is currently owned by company insiders.

Holley Trading Up 2.2 %

HLLY opened at $4.81 on Friday. The company’s 50 day moving average is $4.69 and its 200-day moving average is $4.98. The company has a current ratio of 3.43, a quick ratio of 1.10 and a debt-to-equity ratio of 1.38. Holley Inc. has a 1-year low of $1.93 and a 1-year high of $8.06. The company has a market cap of $569.73 million, a P/E ratio of 160.17 and a beta of 1.60.

Holley (NYSE:HLLYGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $156.53 million for the quarter, compared to the consensus estimate of $156.62 million. Holley had a net margin of 0.42% and a return on equity of 0.70%. Equities research analysts predict that Holley Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on HLLY shares. Jefferies Financial Group raised shares of Holley from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $8.00 to $5.00 in a report on Wednesday, November 15th. Raymond James cut their price target on shares of Holley from $8.25 to $5.50 and set an “outperform” rating for the company in a report on Thursday, November 9th. JPMorgan Chase & Co. cut their price target on shares of Holley from $9.00 to $7.50 and set an “overweight” rating for the company in a report on Tuesday, November 7th. Telsey Advisory Group downgraded shares of Holley from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a research note on Friday, November 3rd. Finally, Truist Financial dropped their target price on shares of Holley from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Holley presently has an average rating of “Moderate Buy” and an average price target of $8.36.

View Our Latest Stock Analysis on HLLY

Holley Profile

(Free Report)

Holley Inc operates as designer, marketer, and manufacturer of automotive aftermarket products for car and truck enthusiasts. Its products span various automotive platforms and sells across multiple channels. The company's products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products, and exhaust products as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.

Further Reading

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Institutional Ownership by Quarter for Holley (NYSE:HLLY)

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