Allspring Global Investments Holdings LLC Has $30.12 Million Stock Holdings in Holley Inc. (NYSE:HLLY)

Allspring Global Investments Holdings LLC boosted its position in Holley Inc. (NYSE:HLLY - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,209,265 shares of the company's stock after acquiring an additional 618,449 shares during the period. Allspring Global Investments Holdings LLC owned 8.56% of Holley worth $30,117,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norden Group LLC boosted its holdings in Holley by 28.8% during the first quarter. Norden Group LLC now owns 43,694 shares of the company's stock worth $195,000 after buying an additional 9,781 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Holley by 52.3% during the second quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company's stock worth $3,491,000 after buying an additional 334,940 shares during the last quarter. Algert Global LLC boosted its holdings in Holley by 31.1% during the second quarter. Algert Global LLC now owns 20,781 shares of the company's stock worth $74,000 after buying an additional 4,924 shares during the last quarter. American Century Companies Inc. boosted its holdings in Holley by 23.3% during the second quarter. American Century Companies Inc. now owns 64,383 shares of the company's stock worth $230,000 after buying an additional 12,186 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Holley during the second quarter worth about $42,000. Institutional investors own 39.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $5.50 price target on shares of Holley in a research report on Monday, September 9th. Benchmark reaffirmed a "buy" rating and set a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th. Canaccord Genuity Group dropped their price target on Holley from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Truist Financial dropped their price target on Holley from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Raymond James dropped their price target on Holley from $5.25 to $4.25 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $6.54.

Holley Stock Down 0.2 %

Holley stock traded down $0.01 during midday trading on Thursday, reaching $2.74. The stock had a trading volume of 176,925 shares, compared to its average volume of 346,780. The firm's fifty day simple moving average is $3.04 and its 200-day simple moving average is $3.49. Holley Inc. has a 1-year low of $2.69 and a 1-year high of $5.23. The stock has a market capitalization of $326.32 million, a P/E ratio of 17.09 and a beta of 1.43. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.19 and a current ratio of 2.80.

Holley (NYSE:HLLY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. Holley had a return on equity of 3.51% and a net margin of 3.56%. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $170.40 million. During the same quarter last year, the firm earned $0.14 EPS. Holley's revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, analysts expect that Holley Inc. will post 0.19 EPS for the current fiscal year.

Holley Company 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.