Alliancebernstein L.P. Sells 238,481 Shares of Hillman Solutions Corp (NASDAQ:HLMN)

Alliancebernstein L.P. trimmed its position in shares of Hillman Solutions Corp (NASDAQ:HLMN - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,904,839 shares of the company's stock after selling 238,481 shares during the period. Alliancebernstein L.P. owned approximately 1.48% of Hillman Solutions worth $28,293,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HLMN. Raymond James Financial Inc. acquired a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $11,318,000. JPMorgan Chase & Co. boosted its stake in Hillman Solutions by 5.9% during the fourth quarter. JPMorgan Chase & Co. now owns 9,158,013 shares of the company's stock worth $89,199,000 after buying an additional 509,016 shares in the last quarter. Nordea Investment Management AB acquired a new stake in Hillman Solutions during the fourth quarter worth $4,631,000. Arrowstreet Capital Limited Partnership increased its holdings in Hillman Solutions by 629.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 529,235 shares of the company's stock valued at $5,155,000 after buying an additional 456,666 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Hillman Solutions by 326.8% during the 3rd quarter. Barclays PLC now owns 305,468 shares of the company's stock worth $3,226,000 after acquiring an additional 233,894 shares during the period. Institutional investors and hedge funds own 98.11% of the company's stock.

Hillman Solutions Price Performance

Shares of NASDAQ HLMN traded up $0.15 during mid-day trading on Friday, hitting $7.71. 1,625,330 shares of the stock were exchanged, compared to its average volume of 948,585. Hillman Solutions Corp has a twelve month low of $7.24 and a twelve month high of $12.08. The stock's fifty day simple moving average is $9.25 and its two-hundred day simple moving average is $10.05. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.76 and a current ratio of 2.32. The company has a market cap of $1.52 billion, a P/E ratio of 96.39 and a beta of 1.67.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business had revenue of $349.56 million for the quarter, compared to analyst estimates of $350.45 million. Hillman Solutions had a net margin of 1.17% and a return on equity of 8.79%. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, analysts forecast that Hillman Solutions Corp will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HLMN. Barclays lowered their target price on shares of Hillman Solutions from $11.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Robert W. Baird dropped their target price on Hillman Solutions from $14.00 to $12.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. William Blair lowered Hillman Solutions from an "outperform" rating to a "market perform" rating in a research note on Thursday, January 2nd. Finally, Benchmark reiterated a "buy" rating and issued a $16.00 price target on shares of Hillman Solutions in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $12.25.

Hillman Solutions Profile

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.