Holley (NYSE:HLLY) PT Lowered to $5.00 at Raymond James

Holley (NYSE:HLLYGet Rating) had its price objective lowered by Raymond James from $9.00 to $5.00 in a research report released on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently commented on HLLY. JPMorgan Chase & Co. downgraded Holley from an overweight rating to a neutral rating and dropped their price objective for the company from $14.00 to $9.00 in a report on Friday, July 29th. Telsey Advisory Group dropped their price objective on Holley from $9.00 to $7.00 and set an outperform rating on the stock in a report on Tuesday. Benchmark dropped their price target on Holley to $12.00 in a research note on Tuesday, August 9th. Jefferies Financial Group downgraded Holley from a buy rating to a hold rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Friday, July 29th. Finally, DA Davidson dropped their price target on Holley to $9.00 in a research note on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Holley currently has a consensus rating of Moderate Buy and an average target price of $8.11.

Holley Trading Up 3.1 %

HLLY opened at $3.00 on Tuesday. Holley has a one year low of $2.29 and a one year high of $14.68. The company has a market cap of $357.36 million, a P/E ratio of 4.77, a PEG ratio of 0.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.16 and a current ratio of 3.37. The business’s 50-day simple moving average is $4.15 and its 200-day simple moving average is $7.42.

Institutional Trading of Holley

A number of hedge funds have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC lifted its position in Holley by 0.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 313,871 shares of the company’s stock worth $4,366,000 after acquiring an additional 1,300 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Holley by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,857 shares of the company’s stock worth $2,572,000 after acquiring an additional 4,596 shares during the period. Swiss National Bank lifted its position in Holley by 5.4% during the 1st quarter. Swiss National Bank now owns 95,800 shares of the company’s stock worth $1,333,000 after acquiring an additional 4,900 shares during the period. Legal & General Group Plc lifted its position in Holley by 53.0% during the 2nd quarter. Legal & General Group Plc now owns 15,726 shares of the company’s stock worth $165,000 after acquiring an additional 5,445 shares during the period. Finally, Royal Bank of Canada lifted its position in Holley by 35.2% during the 1st quarter. Royal Bank of Canada now owns 21,062 shares of the company’s stock worth $293,000 after acquiring an additional 5,486 shares during the period.

About Holley

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Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company's 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.

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