Arizona State Retirement System Takes Position in Holley Inc. (NYSE:HLLY)

Arizona State Retirement System acquired a new position in shares of Holley Inc. (NYSE:HLLYFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,469 shares of the company’s stock, valued at approximately $67,000.

Several other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of Holley by 10.7% during the second quarter. Alliancebernstein L.P. now owns 14,280 shares of the company’s stock worth $58,000 after purchasing an additional 1,380 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Holley by 132.8% during the second quarter. PNC Financial Services Group Inc. now owns 6,061 shares of the company’s stock worth $25,000 after purchasing an additional 3,457 shares in the last quarter. Raymond James & Associates lifted its holdings in Holley by 32.1% in the second quarter. Raymond James & Associates now owns 15,595 shares of the company’s stock valued at $64,000 after buying an additional 3,791 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Holley by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 184,857 shares of the company’s stock valued at $2,572,000 after buying an additional 4,596 shares during the period. Finally, Stifel Financial Corp lifted its holdings in Holley by 3.1% in the second quarter. Stifel Financial Corp now owns 156,728 shares of the company’s stock valued at $641,000 after buying an additional 4,708 shares during the period. 78.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on HLLY

Insider Transactions at Holley

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

Holley Stock Up 3.8 %

Shares of HLLY stock opened at $4.98 on Friday. The firm has a fifty day moving average of $4.70 and a 200-day moving average of $4.96. The company has a quick ratio of 1.10, a current ratio of 3.43 and a debt-to-equity ratio of 1.38. Holley Inc. has a 12-month low of $1.93 and a 12-month high of $8.06. The company has a market capitalization of $590.48 million, a price-to-earnings ratio of 166.00 and a beta of 1.60.

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

Holley Company 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.

Featured Stories

Institutional Ownership by Quarter for Holley (NYSE:HLLY)

Receive News & Ratings for Holley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holley and related companies with MarketBeat.com's FREE daily email newsletter.