Boston Partners acquired a new stake in Holley Inc. (NYSE:HLLY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,571,304 shares of the company's stock, valued at approximately $4,746,000. Boston Partners owned 1.31% of Holley as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Catalyst Funds Management Pty Ltd purchased a new position in Holley in the fourth quarter worth approximately $31,000. First Eagle Investment Management LLC raised its holdings in shares of Holley by 158.9% in the 4th quarter. First Eagle Investment Management LLC now owns 211,087 shares of the company's stock valued at $637,000 after purchasing an additional 129,569 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Holley by 530.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 28,754 shares of the company's stock worth $87,000 after purchasing an additional 24,193 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Holley during the fourth quarter worth $1,058,000. Finally, Aigen Investment Management LP grew its stake in shares of Holley by 22.1% during the fourth quarter. Aigen Investment Management LP now owns 18,693 shares of the company's stock worth $56,000 after purchasing an additional 3,389 shares in the last quarter. 39.70% of the stock is owned by institutional investors and hedge funds.
Holley Stock Performance
Shares of HLLY traded up $0.09 during mid-day trading on Wednesday, reaching $2.69. 321,265 shares of the company's stock were exchanged, compared to its average volume of 379,821. The business's fifty day simple moving average is $2.80 and its 200-day simple moving average is $2.85. The stock has a market capitalization of $322.09 million, a PE ratio of 20.65 and a beta of 1.44. Holley Inc. has a 52-week low of $2.26 and a 52-week high of $4.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17.
Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.09. Holley had a net margin of 2.55% and a return on equity of 2.59%. The company had revenue of $140.05 million for the quarter, compared to analyst estimates of $137.60 million. During the same period in the previous year, the business posted $0.01 earnings per share. Holley's quarterly revenue was down 10.1% on a year-over-year basis. On average, equities research analysts expect that Holley Inc. will post 0.12 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Raymond James lifted their price target on Holley from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Telsey Advisory Group restated an "outperform" rating and set a $4.50 target price on shares of Holley in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $6.80.
Check Out Our Latest Stock Analysis on HLLY
Holley Profile
(
Free Report)
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.
Featured Stories
Before you consider Holley, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Holley wasn't on the list.
While Holley currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
