Vanguard Personalized Indexing Management LLC Acquires New Shares in Holley Inc. (NYSE:HLLY)

Vanguard Personalized Indexing Management LLC purchased a new position in shares of Holley Inc. (NYSE:HLLY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,625 shares of the company’s stock, valued at approximately $42,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Holley in the first quarter valued at approximately $43,000. SYSTM Wealth Solutions LLC acquired a new stake in shares of Holley in the 1st quarter valued at approximately $90,000. Norden Group LLC boosted its holdings in shares of Holley by 28.8% in the 1st quarter. Norden Group LLC now owns 43,694 shares of the company’s stock valued at $195,000 after buying an additional 9,781 shares during the last quarter. American Century Companies Inc. raised its position 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 acquiring an additional 12,186 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Holley by 665.2% in the second quarter. Renaissance Technologies LLC now owns 131,500 shares of the company’s stock valued at $471,000 after acquiring an additional 114,314 shares during the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HLLY. 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 note on Thursday, August 8th. Canaccord Genuity Group decreased their target price 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 cut their target price on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $12.00 price target on shares of Holley in a report on Wednesday, September 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $5.50 price target on shares of Holley in a research note on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Holley Price Performance

HLLY stock opened at $2.93 on Wednesday. The company has a market capitalization of $348.98 million, a P/E ratio of 18.28 and a beta of 1.44. Holley Inc. has a 52-week low of $2.87 and a 52-week high of $5.23. The business has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $3.67. 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) last posted its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Holley had a net margin of 3.56% and a return on equity of 3.51%. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $170.40 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was down 3.3% compared to the same quarter last year. Research 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.