Y Intercept Hong Kong Ltd Sells 6,050 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

Y Intercept Hong Kong Ltd lowered its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 57.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,407 shares of the company's stock after selling 6,050 shares during the period. Y Intercept Hong Kong Ltd's holdings in Spectrum Brands were worth $419,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SPB. Waldron Private Wealth LLC acquired a new stake in shares of Spectrum Brands during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of Spectrum Brands during the 3rd quarter worth about $31,000. International Assets Investment Management LLC increased its holdings in shares of Spectrum Brands by 9,420.0% during the 3rd quarter. International Assets Investment Management LLC now owns 476 shares of the company's stock worth $45,000 after purchasing an additional 471 shares during the period. Farther Finance Advisors LLC increased its stake in Spectrum Brands by 92.2% in the third quarter. Farther Finance Advisors LLC now owns 544 shares of the company's stock valued at $52,000 after acquiring an additional 261 shares during the period. Finally, Quarry LP increased its stake in Spectrum Brands by 375.0% in the second quarter. Quarry LP now owns 570 shares of the company's stock valued at $49,000 after acquiring an additional 450 shares during the period.

Spectrum Brands Stock Down 0.4 %

SPB stock traded down $0.33 during midday trading on Tuesday, reaching $89.12. 683,927 shares of the company's stock traded hands, compared to its average volume of 386,019. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.58 and a beta of 1.19. The firm's fifty day moving average price is $91.43 and its 200-day moving average price is $89.71. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. Spectrum Brands Holdings, Inc. has a 52 week low of $75.50 and a 52 week high of $96.74.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. Spectrum Brands's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. As a group, sell-side analysts forecast that Spectrum Brands Holdings, Inc. will post 5.25 earnings per share for the current fiscal year.

Spectrum Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.11%. This is a boost from Spectrum Brands's previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, November 26th. Spectrum Brands's dividend payout ratio is 46.08%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a "hold" rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $102.38.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.