Quantamental Technologies LLC Takes $51,000 Position in Holley Inc. (NYSE:HLLY)

Quantamental Technologies LLC bought a new position in Holley Inc. (NYSE:HLLY – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,711 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors have also recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in shares of Holley in the 3rd quarter worth approximately $27,000. HBK Sorce Advisory LLC acquired a new position in Holley during the third quarter worth $31,000. Janney Montgomery Scott LLC bought a new position in shares of Holley during the third quarter valued at $46,000. Tower Research Capital LLC TRC boosted its stake in shares of Holley by 148.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 11,693 shares of the company’s stock valued at $48,000 after purchasing an additional 6,978 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Holley in the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 48.43% of the company’s stock.

Holley Price Performance

Shares of HLLY stock opened at $2.96 on Friday. The firm has a market cap of $352.60 million, a price-to-earnings ratio of 4.63, a PEG ratio of 1.29 and a beta of 1.15. Holley Inc. has a 12 month low of $1.88 and a 12 month high of $14.68. The company has a quick ratio of 0.98, a current ratio of 3.37 and a debt-to-equity ratio of 1.52. The stock has a 50-day moving average price of $2.54 and a 200 day moving average price of $3.36.

Holley (NYSE:HLLY – Get Rating) last issued its quarterly earnings results on Thursday, March 9th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Holley had a return on equity of 2.08% and a net margin of 10.72%. The business had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.12 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s quarterly revenue was down 14.2% compared to the same quarter last year. Research analysts expect that Holley Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

HLLY has been the subject of several analyst reports. Telsey Advisory Group downgraded shares of Holley from an “outperform” rating to a “market perform” rating and cut their price target for the company from $5.00 to $3.00 in a report on Tuesday, February 7th. Truist Financial reduced their target price on Holley to $6.00 in a report on Thursday, November 17th. Raymond James dropped their price target on Holley from $5.00 to $3.00 and set an “outperform” rating for the company in a report on Monday, February 13th. Benchmark cut their price objective on Holley from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, February 7th. Finally, DA Davidson cut Holley from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $4.00 to $2.00 in a report on Tuesday, February 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.89.

Holley Company Profile

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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.