Holley (NYSE:HLLY) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Holley (NYSE:HLLY) in a report issued on Tuesday,Benzinga reports. They currently have a $5.00 price objective on the stock.

Other analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Holley in a research report on Thursday, January 22nd. Canaccord Genuity Group raised their target price on Holley from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. DA Davidson lifted their price target on Holley from $3.00 to $4.50 and gave the company a “neutral” rating in a research note on Monday, November 10th. Finally, Benchmark upped their price objective on Holley from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4.67.

Holley Trading Up 1.3%

Shares of Holley stock opened at $4.26 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 2.78 and a debt-to-equity ratio of 1.20. Holley has a 12-month low of $1.60 and a 12-month high of $4.48. The company has a market capitalization of $512.77 million, a price-to-earnings ratio of -19.34 and a beta of 1.33. The firm’s 50-day moving average price is $4.14 and its two-hundred day moving average price is $3.74.

Institutional Investors Weigh In On Holley

A number of hedge funds and other institutional investors have recently bought and sold shares of HLLY. Cerity Partners LLC acquired a new position in Holley in the 2nd quarter worth about $25,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Holley during the third quarter worth about $34,000. State of Alaska Department of Revenue acquired a new position in shares of Holley in the fourth quarter valued at approximately $35,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Holley in the third quarter valued at approximately $38,000. Finally, Captrust Financial Advisors bought a new position in Holley in the 2nd quarter valued at approximately $44,000. Institutional investors own 39.70% of the company’s stock.

About Holley

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.