Rhumbline Advisers Has $257,000 Stake in Holley Inc. (NYSE:HLLY)

Rhumbline Advisers lessened its holdings in Holley Inc. (NYSE:HLLY) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,842 shares of the company’s stock after selling 5,776 shares during the period. Rhumbline Advisers owned about 0.06% of Holley worth $257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sei Investments Co. raised its position in Holley by 1.3% during the 1st quarter. Sei Investments Co. now owns 403,759 shares of the company’s stock worth $1,801,000 after purchasing an additional 5,000 shares during the last quarter. Trexquant Investment LP lifted its stake in shares of Holley by 7.2% in the fourth quarter. Trexquant Investment LP now owns 106,027 shares of the company’s stock valued at $516,000 after buying an additional 7,151 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Holley during the 1st quarter worth approximately $43,000. Norden Group LLC boosted its holdings in Holley by 28.8% during the first quarter. Norden Group LLC now owns 43,694 shares of the company’s stock worth $195,000 after purchasing an additional 9,781 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC purchased a new position in Holley during the first quarter worth about $90,000. Institutional investors own 39.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on HLLY shares. Raymond James dropped their target price on shares of Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $12.00 target price on shares of Holley in a research report on Wednesday, September 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $5.50 price target on shares of Holley in a research note on Monday, September 9th. Truist Financial lowered their price objective on Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Canaccord Genuity Group cut their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Holley Stock Up 1.7 %

Shares of NYSE:HLLY opened at $3.03 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.19 and a current ratio of 2.80. The firm has a fifty day moving average of $3.28 and a 200 day moving average of $3.69. Holley Inc. has a 52-week low of $2.89 and a 52-week high of $5.23. The firm has a market capitalization of $362.93 million, a PE ratio of 18.94 and a beta of 1.44.

Holley (NYSE:HLLY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $170.40 million. Holley had a net margin of 3.56% and a return on equity of 3.51%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, research analysts anticipate that Holley Inc. will post 0.19 EPS for the current fiscal 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.