Holley’s (HLLY) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Holley (NYSE:HLLY) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $5.00 price objective on the stock.

HLLY has been the topic of several other research reports. DA Davidson boosted their target price on shares of Holley from $3.00 to $4.50 and gave the company a “neutral” rating in a report on Monday, November 10th. Canaccord Genuity Group increased their price target on Holley from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a research report on Thursday, January 22nd. Finally, Benchmark boosted their price objective on Holley from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.67.

Holley Stock Down 7.4%

Shares of NYSE HLLY opened at $3.36 on Thursday. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $3.76. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 2.78. Holley has a 52-week low of $1.60 and a 52-week high of $4.48. The company has a market capitalization of $404.91 million, a P/E ratio of 22.40 and a beta of 1.32.

Hedge Funds Weigh In On Holley

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in Holley by 8.1% in the first quarter. Empowered Funds LLC now owns 283,049 shares of the company’s stock valued at $727,000 after acquiring an additional 21,121 shares during the period. First Eagle Investment Management LLC raised its position in shares of Holley by 32.2% during the second quarter. First Eagle Investment Management LLC now owns 475,297 shares of the company’s stock worth $951,000 after purchasing an additional 115,851 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Holley in the 2nd quarter worth $47,000. Boston Partners lifted its holdings in shares of Holley by 28.3% in the 2nd quarter. Boston Partners now owns 3,335,967 shares of the company’s stock worth $6,672,000 after purchasing an additional 735,168 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Holley by 9.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,320,321 shares of the company’s stock valued at $2,641,000 after purchasing an additional 108,964 shares during the period. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.