SG Americas Securities LLC Increases Stock Position in Holley Inc. (NYSE:HLLY)

SG Americas Securities LLC grew its position in Holley Inc. (NYSE:HLLY) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,590 shares of the company’s stock after purchasing an additional 7,002 shares during the period. SG Americas Securities LLC’s holdings in Holley were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HLLY. Allspring Global Investments Holdings LLC increased its holdings in Holley by 6.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,209,265 shares of the company’s stock worth $30,117,000 after buying an additional 618,449 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Holley by 102.1% during the third quarter. JPMorgan Chase & Co. now owns 143,760 shares of the company’s stock worth $424,000 after buying an additional 72,641 shares during the last quarter. Barclays PLC increased its holdings in Holley by 288.3% during the third quarter. Barclays PLC now owns 75,795 shares of the company’s stock worth $224,000 after buying an additional 56,277 shares during the last quarter. Geode Capital Management LLC boosted its position in Holley by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,137,811 shares of the company’s stock worth $3,357,000 after purchasing an additional 55,641 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Holley by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock worth $1,308,000 after purchasing an additional 43,053 shares during the period. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 target price on shares of Holley in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Insider Buying and Selling at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the sale, the director now directly owns 41,556,961 shares in the company, valued at $124,670,883. The trade was a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.92% of the stock is currently owned by company insiders.

Holley Trading Up 0.5 %

Shares of Holley stock opened at $2.85 on Friday. Holley Inc. has a 1 year low of $2.29 and a 1 year high of $5.22. The firm has a market cap of $340.83 million, a PE ratio of 21.88 and a beta of 1.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The company has a 50 day simple moving average of $2.95 and a two-hundred day simple moving average of $2.98.

Holley Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive 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.