Victory Capital Management Inc. Sells 176,270 Shares of Holley Inc. (NYSE:HLLY)

Victory Capital Management Inc. trimmed its holdings in shares of Holley Inc. (NYSE:HLLY) by 87.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 25,779 shares of the company’s stock after selling 176,270 shares during the period. Victory Capital Management Inc.’s holdings in Holley were worth $76,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC purchased a new position in Holley during the second quarter valued at $42,000. Lazard Asset Management LLC bought a new position in shares of Holley during the first quarter valued at $43,000. SG Americas Securities LLC purchased a new position in shares of Holley in the 3rd quarter worth about $52,000. Algert Global LLC boosted its stake in Holley by 31.1% in the 2nd quarter. Algert Global LLC now owns 20,781 shares of the company’s stock worth $74,000 after purchasing an additional 4,924 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Holley by 23.3% during the 2nd quarter. American Century Companies Inc. now owns 64,383 shares of the company’s stock valued at $230,000 after purchasing an additional 12,186 shares during the last quarter. 39.70% of the stock is owned by institutional investors.

Holley Stock Down 1.4 %

Holley stock opened at $2.84 on Monday. Holley Inc. has a one year low of $2.29 and a one year high of $5.23. The stock has a fifty day moving average of $2.81 and a 200 day moving average of $3.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. The stock has a market cap of $340.22 million, a PE ratio of 21.85 and a beta of 1.45.

Holley (NYSE:HLLY) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Holley had a return on equity of 2.59% and a net margin of 2.55%. The business had revenue of $134.00 million during the quarter, compared to analysts’ expectations of $142.53 million. During the same period in the previous year, the business posted $0.03 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that Holley Inc. will post 0.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Telsey Advisory Group decreased their target price on shares of Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Holley in a research report on Wednesday, September 4th. Canaccord Genuity Group reduced their target price on Holley from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Raymond James lowered their price target on Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial reduced their price objective on Holley from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Holley presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

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.