Holley Inc. (NYSE:HLLY) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in Holley Inc. (NYSE:HLLY) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,947 shares of the company’s stock after selling 7,977 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Holley were worth $36,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HLLY. Blue Owl Capital Holdings LP increased its stake in shares of Holley by 17.3% during the 4th quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company’s stock valued at $9,031,000 after acquiring an additional 440,040 shares during the last quarter. Boston Partners acquired a new stake in shares of Holley in the 4th quarter valued at about $4,746,000. Skylands Capital LLC grew its position in shares of Holley by 4.3% in the 4th quarter. Skylands Capital LLC now owns 1,193,983 shares of the company’s stock worth $3,606,000 after acquiring an additional 49,383 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Holley by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company’s stock worth $3,564,000 after buying an additional 104,071 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Holley by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,159,335 shares of the company’s stock worth $3,502,000 after purchasing an additional 21,524 shares during the last quarter. 39.70% of the stock is owned by institutional investors and hedge funds.

Holley Stock Performance

Shares of Holley stock opened at $2.17 on Tuesday. Holley Inc. has a 1 year low of $1.60 and a 1 year high of $4.08. The firm has a market capitalization of $260.31 million, a PE ratio of 16.69 and a beta of 1.43. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The firm’s 50 day moving average is $2.28 and its 200 day moving average is $2.66.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Holley had a return on equity of 2.59% and a net margin of 2.55%. The business had revenue of $153.04 million for the quarter, compared to the consensus estimate of $148.52 million. Equities research analysts forecast that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HLLY shares. Telsey Advisory Group reduced their target price on shares of Holley from $4.50 to $2.75 and set an “outperform” rating for the company in a report on Thursday, May 8th. Truist Financial decreased their target price on Holley from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Raymond James upped their price target on Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, March 12th. Canaccord Genuity Group cut their target price on Holley from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Finally, Benchmark lowered shares of Holley from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.85.

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.