Holley Inc. (NYSE:HLLY) Shares Bought by Spire Wealth Management

Spire Wealth Management increased its stake in shares of Holley Inc. (NYSE:HLLYFree Report) by 583.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,911 shares of the company’s stock after buying an additional 23,828 shares during the quarter. Spire Wealth Management’s holdings in Holley were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HLLY. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Holley in the 3rd quarter valued at approximately $61,000. Counterpoint Mutual Funds LLC purchased a new stake in Holley in the 3rd quarter valued at approximately $100,000. Raymond James & Associates boosted its holdings in Holley by 32.1% in the 2nd quarter. Raymond James & Associates now owns 15,595 shares of the company’s stock valued at $64,000 after purchasing an additional 3,791 shares in the last quarter. Precision Wealth Strategies LLC boosted its holdings in Holley by 48.3% in the 3rd quarter. Precision Wealth Strategies LLC now owns 14,835 shares of the company’s stock valued at $74,000 after purchasing an additional 4,832 shares in the last quarter. Finally, Skylands Capital LLC boosted its holdings in Holley by 53.8% in the 3rd quarter. Skylands Capital LLC now owns 549,800 shares of the company’s stock valued at $2,744,000 after purchasing an additional 192,400 shares in the last quarter. Hedge funds and other institutional investors own 78.44% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLLY. Jefferies Financial Group raised Holley from a “hold” rating to a “buy” rating and lowered their price objective for the company from $8.00 to $5.00 in a report on Wednesday, November 15th. Raymond James reduced their price target on shares of Holley from $8.25 to $5.50 and set an “outperform” rating for the company in a research report on Thursday, November 9th. JPMorgan Chase & Co. reduced their price target on shares of Holley from $9.00 to $7.50 and set an “overweight” rating for the company in a research 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 price target for the company. in a research report on Friday, November 3rd. Finally, Truist Financial reduced their price target on shares of Holley from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.36.

Get Our Latest Stock Report on HLLY

Holley Trading Up 3.8 %

Shares of Holley stock opened at $4.98 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.43 and a quick ratio of 1.10. Holley Inc. has a 1 year low of $1.93 and a 1 year high of $8.06. The company has a market capitalization of $590.48 million, a P/E ratio of 166.00 and a beta of 1.60. The business has a 50 day moving average price of $4.70 and a 200 day moving average price of $4.96.

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 return on equity of 0.70% and a net margin of 0.42%. The firm had revenue of $156.53 million during the quarter, compared to the consensus estimate of $156.62 million. Sell-side analysts anticipate that Holley Inc. will post 0.22 EPS 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.

See Also

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Institutional Ownership by Quarter for Holley (NYSE:HLLY)

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