Holley Inc. (NYSE:HLLY) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Holley Inc. (NYSE:HLLY) by 288.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,795 shares of the company’s stock after purchasing an additional 56,277 shares during the quarter. Barclays PLC’s holdings in Holley were worth $224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zacks Investment Management raised its stake in Holley by 69.5% in the 3rd quarter. Zacks Investment Management now owns 19,658 shares of the company’s stock worth $58,000 after acquiring an additional 8,061 shares during the last quarter. Verition Fund Management LLC purchased a new position in Holley in the 3rd quarter worth $35,000. Charles Schwab Investment Management Inc. raised its stake in Holley by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock worth $1,308,000 after acquiring an additional 43,053 shares during the last quarter. Intech Investment Management LLC purchased a new position in Holley in the 3rd quarter worth $41,000. Finally, Empowered Funds LLC raised its stake in shares of Holley by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 248,973 shares of the company’s stock valued at $734,000 after buying an additional 12,596 shares during the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reduced their price objective on Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Holley Price Performance

NYSE:HLLY opened at $3.03 on Tuesday. Holley Inc. has a 52 week low of $2.29 and a 52 week high of $5.23. 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 stock has a market capitalization of $362.98 million, a PE ratio of 23.31 and a beta of 1.42. The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $3.10.

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 the consensus estimate of $0.03 by ($0.04). Holley had a return on equity of 2.59% and a net margin of 2.55%. The firm had revenue of $134.00 million during the quarter, compared to analyst estimates of $142.53 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was down 14.4% on a year-over-year basis. As a group, equities analysts expect that Holley Inc. will post 0.12 EPS for the current fiscal year.

Insider Transactions at Holley

In other news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the sale, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. The trade was a 4.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.92% of the company’s stock.

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.