US Bancorp DE Sells 11,049 Shares of Holley Inc. (NYSE:HLLY)

US Bancorp DE lowered its position in shares of Holley Inc. (NYSE:HLLY) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,135 shares of the company’s stock after selling 11,049 shares during the period. US Bancorp DE owned approximately 0.07% of Holley worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HLLY. BNP Paribas Financial Markets bought a new stake in Holley in the 4th quarter worth approximately $26,000. ProShare Advisors LLC bought a new stake in Holley in the 4th quarter worth approximately $40,000. Nisa Investment Advisors LLC grew its position in Holley by 994.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 16,536 shares of the company’s stock worth $42,000 after purchasing an additional 15,025 shares during the period. KPP Advisory Services LLC bought a new stake in Holley in the 1st quarter worth approximately $99,000. Finally, Graham Capital Management L.P. bought a new stake in Holley in the 4th quarter worth approximately $105,000. Institutional investors own 39.70% of the company’s stock.

Analyst Ratings Changes

HLLY has been the topic of a number of analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $2.75 target price on shares of Holley in a research note on Thursday, July 31st. Benchmark upgraded shares of Holley from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Friday, August 8th. Canaccord Genuity Group lifted their target price on shares of Holley from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Raymond James Financial lifted their target price on shares of Holley from $2.25 to $3.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Holley from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $3.75.

Holley Price Performance

Shares of HLLY stock opened at $3.56 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.93 and a quick ratio of 1.18. The company has a market capitalization of $427.84 million, a P/E ratio of -13.69 and a beta of 1.35. The company’s 50-day simple moving average is $2.33 and its two-hundred day simple moving average is $2.38. Holley Inc. has a one year low of $1.60 and a one year high of $3.69.

Holley (NYSE:HLLY) last issued its earnings results on Wednesday, August 6th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Holley had a positive return on equity of 5.81% and a negative net margin of 5.12%. The company had revenue of $166.66 million during the quarter, compared to the consensus estimate of $162.67 million. As a group, equities analysts anticipate that Holley Inc. will post 0.12 EPS for the current year.

About Holley

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.