Holley Inc. (NYSE:HLLY) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in shares of Holley Inc. (NYSE:HLLY) by 57.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,304 shares of the company’s stock after selling 59,896 shares during the period. Two Sigma Investments LP’s holdings in Holley were worth $134,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Holley by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company’s stock valued at $3,564,000 after purchasing an additional 104,071 shares during the period. Bamco Inc. NY grew its stake in shares of Holley by 33.3% in the fourth quarter. Bamco Inc. NY now owns 4,000,000 shares of the company’s stock valued at $12,080,000 after buying an additional 1,000,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Holley during the 4th quarter valued at about $1,058,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Holley during the 4th quarter valued at about $30,000. Finally, Boston Partners acquired a new position in Holley during the 4th quarter worth approximately $4,746,000. 39.70% of the stock is owned by hedge funds and other institutional investors.

Holley Stock Performance

Shares of HLLY opened at $2.14 on Friday. The firm has a market cap of $257.19 million, a price-to-earnings ratio of 16.46 and a beta of 1.35. The company has a quick ratio of 1.17, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $2.12 and its two-hundred day moving average is $2.57. Holley Inc. has a 52-week low of $1.60 and a 52-week high of $4.08.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a net margin of 2.55% and a return on equity of 2.59%. The company had revenue of $153.04 million during the quarter, compared to analyst estimates of $148.52 million. Analysts forecast that Holley Inc. will post 0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on HLLY. Benchmark downgraded shares of Holley from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research report on Friday, May 9th. Telsey Advisory Group decreased their target price on shares of Holley from $4.50 to $2.75 and set an “outperform” rating for the company in a research note on Thursday, May 8th. Raymond James lifted their price target on shares of Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 12th. Truist Financial cut their price objective on shares of Holley from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Canaccord Genuity Group lowered their target price on Holley from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Holley presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.85.

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.