Los Angeles Capital Management LLC Takes Position in Holley Inc. $HLLY

Los Angeles Capital Management LLC acquired a new stake in Holley Inc. (NYSE:HLLY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,580 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLLY. Kovitz Investment Group Partners LLC bought a new stake in shares of Holley in the first quarter worth about $123,000. American Century Companies Inc. grew its position in shares of Holley by 17.6% in the 1st quarter. American Century Companies Inc. now owns 107,960 shares of the company’s stock valued at $277,000 after purchasing an additional 16,168 shares during the period. Neuberger Berman Group LLC increased its stake in Holley by 28.3% during the 1st quarter. Neuberger Berman Group LLC now owns 123,800 shares of the company’s stock worth $318,000 after purchasing an additional 27,303 shares in the last quarter. Nuveen LLC bought a new stake in Holley during the 1st quarter worth approximately $515,000. Finally, Empowered Funds LLC raised its holdings in Holley by 8.1% during the 1st quarter. Empowered Funds LLC now owns 283,049 shares of the company’s stock worth $727,000 after buying an additional 21,121 shares during the period. 39.70% of the stock is currently owned by institutional investors.

Holley Trading Down 0.1%

Shares of Holley stock opened at $3.86 on Wednesday. The business has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $2.76. The company has a market capitalization of $464.57 million, a price-to-earnings ratio of -17.52 and a beta of 1.36. Holley Inc. has a 1 year low of $1.60 and a 1 year high of $4.09. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.78 and a quick ratio of 1.06.

Holley (NYSE:HLLY) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $138.37 million for the quarter, compared to the consensus estimate of $132.36 million. Holley had a positive return on equity of 6.75% and a negative net margin of 4.16%. Holley has set its FY 2025 guidance at EPS. Research analysts forecast that Holley Inc. will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other Holley news, Director David S. Lobel sold 2,100,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $2.63, for a total value of $5,523,000.00. Following the completion of the sale, the director owned 24,654,834 shares of the company’s stock, valued at $64,842,213.42. The trade was a 7.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Holley from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. DA Davidson increased their target price on Holley from $3.00 to $4.50 and gave the stock a “neutral” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Holley in a research note on Wednesday, October 8th. Canaccord Genuity Group upped their price objective on Holley from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Finally, Benchmark lifted their price objective on shares of Holley from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Holley currently has an average rating of “Moderate Buy” and an average target price of $4.50.

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.