Holley Inc. (NYSE:HLLY) Stake Lessened by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of Holley Inc. (NYSE:HLLY) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,051 shares of the company’s stock after selling 8,717 shares during the quarter. Atria Investments Inc’s holdings in Holley were worth $51,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HLLY. JPMorgan Chase & Co. grew its position in shares of Holley by 102.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 143,760 shares of the company’s stock worth $424,000 after acquiring an additional 72,641 shares in the last quarter. Barclays PLC boosted its holdings in Holley by 288.3% in the third quarter. Barclays PLC now owns 75,795 shares of the company’s stock worth $224,000 after purchasing an additional 56,277 shares during the period. Geode Capital Management LLC increased its stake in Holley by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,137,811 shares of the company’s stock valued at $3,357,000 after purchasing an additional 55,641 shares during the last quarter. Skylands Capital LLC raised its holdings in shares of Holley by 4.3% during the fourth quarter. Skylands Capital LLC now owns 1,193,983 shares of the company’s stock worth $3,606,000 after purchasing an additional 49,383 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 43,053 shares during the last quarter. 39.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HLLY shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.50 price objective on shares of Holley in a research report on Wednesday, March 12th. Raymond James increased their price target on Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $6.80.

Holley Stock Up 2.7 %

Holley stock opened at $2.47 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. Holley Inc. has a one year low of $2.26 and a one year high of $4.58. The company has a 50-day simple moving average of $2.83 and a 200-day simple moving average of $2.87. The firm has a market capitalization of $295.30 million, a P/E ratio of 18.96 and a beta of 1.44.

Holley (NYSE:HLLY) last posted its earnings results on Tuesday, March 11th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, equities analysts expect that Holley Inc. will post 0.12 earnings per share for the current year.

Holley 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.