The landscape of institutional investments in Holley Inc. (NYSE:HLLY) has seen considerable shifts during the recent financial quarters, drawing attention to how major firms are repositioning their stakes in the automotive aftermarket giant. This dynamic environment reflects broader market adjustments and specific strategic decisions by leading investment groups.
One notable adjustment comes from Norden Group LLC, which significantly reduced its HLLY Stock holdings. According to its latest SEC Filings with the Securities and Exchange Commission, the firm divested 18.6% of its stake in the first quarter, offloading 9,040 shares. This move left Norden Group LLC with 39,454 shares, valued at $101,000 as of their most recent filing, indicating a strategic re-evaluation of their Institutional Investor Holdings in Holley.
Conversely, other prominent institutional investors have chosen to increase their exposure to Holley Inc. Allspring Global Investments Holdings LLC, for instance, boosted its stake by 1.7% in the first quarter, now commanding over 10.3 million shares worth approximately $26.5 million. This substantial increase highlights a confident outlook from some major players regarding Holley Inc. Analysis and its future prospects.
Adding to this trend, Bamco Inc. NY made an even more aggressive move, lifting its stake by an impressive 33.3% in the fourth quarter, acquiring an additional one million shares to reach a total of four million shares valued at $12.08 million. Blue Owl Capital Holdings LP and Dimensional Fund Advisors LP also demonstrated increased confidence, growing their Institutional Investor Holdings by 17.3% and 9.7% respectively, reflecting a collective bullish sentiment among several large funds.
Further supporting this pattern, Geode Capital Management LLC modestly increased its Holley stake by 1.9% in the fourth quarter, accumulating over 1.15 million shares. Overall, institutional investors and hedge funds collectively own a significant 39.70% of the company’s stock, signaling the substantial influence these entities wield over Holley’s Market Performance. Shares of Holley opened at $2.08 on Friday, setting the stage for ongoing scrutiny.
A deeper dive into Holley Inc.’s financial health reveals key metrics critical for any comprehensive Holley Inc. Analysis. The company reports a debt-to-equity ratio of 1.28, a quick ratio of 0.98, and a current ratio of 2.86. With a market capitalization of $249.37 million and a PE ratio of -9.88, these figures provide a snapshot of the company’s financial structure. The stock’s volatility is underscored by a beta of 1.35, alongside a 52-week low of $1.60 and a 52-week high of $4.05, demonstrating its fluctuating Market Performance.
Recent Equity Research reports have offered varied but generally optimistic perspectives on Holley. Benchmark recently downgraded the stock from a ‘buy’ to a ‘hold’ with a $5.00 target price. However, Truist Financial, while cutting their target price to $3.00, maintained a ‘buy’ rating, emphasizing ongoing confidence in the company. Telsey Advisory Group reinforced this positive sentiment with an ‘outperform’ rating and a $2.75 target price.
Canaccord Genuity Group also adjusted its price target down to $5.00 but kept a ‘buy’ rating, contributing to the broader analyst consensus. Based on data from MarketBeat.com, the stock has a consensus rating of ‘Moderate Buy’ across one hold and four buy ratings, with an average price target of $3.85. This collective Equity Research sentiment suggests that despite some adjustments, analysts largely see upside potential for Holley Inc.
Holley Inc. itself operates as a leading designer, manufacturer, and marketer of Automotive Aftermarket products. Catering to car and truck enthusiasts across the United States, Canada, Europe, and China, its diverse product portfolio includes carburetors, fuel injection systems, superchargers, exhaust components, and various performance automotive plumbing products, underscoring its pivotal role in the industry.
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