Holley Inc. (NYSE:HLLY) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in Holley Inc. (NYSE:HLLY) by 112.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,636 shares of the company’s stock after acquiring an additional 24,733 shares during the period. Squarepoint Ops LLC’s holdings in Holley were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HLLY. Janney Montgomery Scott LLC grew its position in Holley by 25.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company’s stock valued at $48,000 after buying an additional 3,210 shares in the last quarter. Aigen Investment Management LP grew its position in Holley by 22.1% in the 4th quarter. Aigen Investment Management LP now owns 18,693 shares of the company’s stock valued at $56,000 after buying an additional 3,389 shares in the last quarter. SG Americas Securities LLC grew its position in Holley by 39.8% in the 4th quarter. SG Americas Securities LLC now owns 24,590 shares of the company’s stock valued at $74,000 after buying an additional 7,002 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Holley in the 4th quarter valued at about $26,000. Finally, Atria Wealth Solutions Inc. bought a new position in Holley in the 4th quarter valued at about $30,000. 39.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Holley Stock Performance

NYSE:HLLY opened at $2.13 on Monday. Holley Inc. has a twelve month low of $1.60 and a twelve month high of $4.08. 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 company has a 50-day moving average of $2.14 and a 200-day moving average of $2.59. The firm has a market cap of $255.38 million, a price-to-earnings ratio of 16.35 and a beta of 1.35.

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

Holley Company 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.