Nuveen LLC Takes $515,000 Position in Holley Inc. $HLLY

Nuveen LLC acquired a new stake in Holley Inc. (NYSE:HLLY) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 200,335 shares of the company’s stock, valued at approximately $515,000. Nuveen LLC owned 0.17% of Holley at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Holley by 9.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company’s stock valued at $3,564,000 after acquiring an additional 104,071 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Holley by 1.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,337,982 shares of the company’s stock valued at $26,569,000 after purchasing an additional 170,132 shares in the last quarter. Squarepoint Ops LLC raised its stake in Holley by 112.9% in the fourth quarter. Squarepoint Ops LLC now owns 46,636 shares of the company’s stock valued at $141,000 after purchasing an additional 24,733 shares in the last quarter. Mink Brook Asset Management LLC purchased a new stake in Holley in the fourth quarter valued at approximately $1,666,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Holley by 20.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 473,950 shares of the company’s stock valued at $1,218,000 after purchasing an additional 80,366 shares in the last quarter. 39.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HLLY shares. Canaccord Genuity Group raised 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $2.75 target price on shares of Holley in a research note on Thursday, July 31st. Raymond James Financial raised 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. Wall Street Zen raised shares of Holley from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Benchmark raised 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. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $3.75.

Holley Trading Up 3.3%

HLLY stock opened at $3.97 on Friday. The company has a market capitalization of $477.78 million, a PE ratio of -15.25 and a beta of 1.42. Holley Inc. has a one year low of $1.60 and a one year high of $4.09. The company’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $2.47. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.18 and a current ratio of 2.93.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $166.66 million for the quarter, compared to analysts’ expectations of $162.67 million. Holley had a positive return on equity of 5.81% and a negative net margin of 5.12%. As a group, analysts predict 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.