US Bancorp DE Boosts Stock Holdings in Holley Inc. (NYSE:HLLY)

US Bancorp DE boosted its stake in Holley Inc. (NYSE:HLLY) by 15.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,979 shares of the company’s stock after purchasing an additional 13,828 shares during the quarter. US Bancorp DE owned about 0.08% of Holley worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HLLY. Lazard Asset Management LLC bought a new stake in shares of Holley in the first quarter worth about $43,000. Vanguard Personalized Indexing Management LLC bought a new stake in Holley in the 2nd quarter worth approximately $42,000. SG Americas Securities LLC purchased a new stake in shares of Holley during the 3rd quarter worth approximately $52,000. Algert Global LLC raised its holdings in shares of Holley by 31.1% during the 2nd quarter. Algert Global LLC now owns 20,781 shares of the company’s stock worth $74,000 after acquiring an additional 4,924 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of 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 acquiring an additional 12,186 shares during the last quarter. Institutional investors own 39.70% of the company’s stock.

Holley Stock Down 0.4 %

Shares of NYSE HLLY opened at $2.73 on Thursday. Holley Inc. has a 1 year low of $2.29 and a 1 year high of $5.23. The firm has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $3.34. The company has a market cap of $327.00 million, a P/E ratio of 21.00 and a beta of 1.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.19.

Holley (NYSE:HLLY) last issued its quarterly earnings results 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). The business had revenue of $134.00 million for the quarter, compared to the consensus estimate of $142.53 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. Holley’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Research analysts anticipate that Holley Inc. will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

HLLY has been the topic of a number of recent research reports. Truist Financial decreased their price target on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Raymond James lowered their price target on shares of Holley from $5.25 to $4.25 and set an “outperform” rating for the company in a report on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $12.00 price objective on shares of Holley in a research note on Wednesday, September 4th. Telsey Advisory Group decreased their price objective on Holley from $5.50 to $4.50 and set an “outperform” rating on the stock in a research report on Monday. Finally, Canaccord Genuity Group dropped 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.39.

About Holley

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.