Holley Inc. (NYSE:HLLY) Shares Sold by Advisory Research Inc.

Advisory Research Inc. cut its stake in shares of Holley Inc. (NYSE:HLLY – Get Rating) by 37.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500,940 shares of the company’s stock after selling 303,834 shares during the quarter. Advisory Research Inc. owned 0.42% of Holley worth $2,028,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HLLY. Citigroup Inc. lifted its holdings in shares of Holley by 1,196.2% during the first quarter. Citigroup Inc. now owns 9,877 shares of the company’s stock worth $137,000 after purchasing an additional 9,115 shares during the period. BlackRock Inc. raised its position in Holley by 14.3% in the first quarter. BlackRock Inc. now owns 669,274 shares of the company’s stock worth $9,309,000 after acquiring an additional 83,933 shares in the last quarter. Sei Investments Co. raised its position in Holley by 58.8% in the first quarter. Sei Investments Co. now owns 587,460 shares of the company’s stock worth $8,172,000 after acquiring an additional 217,469 shares in the last quarter. Vanguard Group Inc. raised its position in Holley by 37.7% in the first quarter. Vanguard Group Inc. now owns 1,575,637 shares of the company’s stock worth $21,917,000 after acquiring an additional 431,355 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its position in Holley by 40.6% in the first quarter. Wasatch Advisors Inc. now owns 14,820,059 shares of the company’s stock worth $206,147,000 after acquiring an additional 4,280,253 shares in the last quarter. 48.43% of the stock is owned by institutional investors and hedge funds.

Holley Trading Up 0.3 %

Holley stock opened at $2.93 on Wednesday. The stock has a market cap of $349.02 million, a PE ratio of 4.58 and a beta of 1.15. The stock has a 50-day moving average price of $2.56 and a 200 day moving average price of $3.32. Holley Inc. has a 52 week low of $1.88 and a 52 week high of $14.68. The company has a current ratio of 3.37, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52.

Holley (NYSE:HLLY – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The company had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.12 million. Holley had a return on equity of 2.08% and a net margin of 10.72%. The company’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 EPS. Equities research analysts predict that Holley Inc. will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HLLY. 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. Raymond James increased their price objective on Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Friday, March 10th. DA Davidson cut Holley from a “buy” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $2.00 in a research report on Tuesday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $3.00 price target on shares of Holley in a research report on Friday, March 10th. Finally, Truist Financial dropped their price target on Holley to $6.00 in a research report on Thursday, November 17th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Holley currently has an average rating of “Moderate Buy” and a consensus price target of $6.94.

Holley Profile

(Get Rating)

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.