2 weeks Ago By Defense World Staff
Wells Fargo & Company MN cut its position in shares of Holley Inc. ( NYSE:HLLY – Free Report ) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 739,460 shares of the company’s stock after selling 58,943 shares during the quarter. Wells Fargo & Company MN owned 0.62% of Holley worth $2,233,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new stake in shares of Holley during the 4th quarter worth approximately $30,000.
Catalyst Funds Management Pty Ltd bought a new position in Holley in the fourth quarter worth $31,000. Cottonwood Capital Advisors LLC bought a new position in Holley in the fourth quarter worth $32,000. Williams & Novak LLC bought a new stake in Holley in the 4th quarter valued at $44,000.
Finally, Janney Montgomery Scott LLC raised its stake in shares of Holley by 25.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock valued at $48,000 after buying an additional 3,210 shares in the last quarter.
39.70% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In HLLY has been the topic of several recent research reports.
Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 target price on shares of Holley in a research report on Wednesday, March 12th. Raymond James lifted their price objective on Holley from $3.
00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, March 12th. Finally, Truist Financial dropped their target price on Holley from $5.
00 to $3.00 and set a “buy” rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $6.
00. Holley Stock Performance Shares of HLLY stock opened at $2.07 on Friday.
The company has a market capitalization of $248.32 million, a P/E ratio of 15.92 and a beta of 1.
41. Holley Inc. has a 12-month low of $1.
93 and a 12-month high of $4.18. 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 firm has a 50-day moving average price of $2.46 and a 200 day moving average price of $2.73.
Holley ( NYSE:HLLY – Get Free Report ) last posted its earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
02 by $0.09. The company had revenue of $140.
05 million during the quarter, compared to analysts’ expectations of $137.60 million. Holley had a net margin of 2.
55% and a return on equity of 2.59%. Holley’s quarterly revenue was down 10.
1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share.
Research analysts forecast that Holley Inc. will post 0.12 earnings per share for the current fiscal year.
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.
Further Reading Five stocks we like better than Holley The Significance of Brokerage Rankings in Stock Selection Short Sellers Gave Up on These 3 Names Recently The Role Economic Reports Play in a Successful Investment Strategy 3 Boring Stocks Outperforming the Market This Year Investing in Commodities: What Are They? How to Invest in Them If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for Holley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Holley and related companies with MarketBeat.com's FREE daily email newsletter ..
