10,200 Shares in Holley Inc. (NYSE:HLLY) Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd acquired a new position in Holley Inc. (NYSE:HLLY) during the fourth quarter, Holdings Channel reports. The firm acquired 10,200 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Holley during the fourth quarter valued at about $1,058,000. First Eagle Investment Management LLC raised its position in Holley by 158.9% during the fourth quarter. First Eagle Investment Management LLC now owns 211,087 shares of the company’s stock valued at $637,000 after purchasing an additional 129,569 shares in the last quarter. JPMorgan Chase & Co. raised its position in Holley by 102.1% during the third quarter. JPMorgan Chase & Co. now owns 143,760 shares of the company’s stock valued at $424,000 after purchasing an additional 72,641 shares in the last quarter. Barclays PLC raised its position in Holley by 288.3% during the third quarter. Barclays PLC now owns 75,795 shares of the company’s stock valued at $224,000 after purchasing an additional 56,277 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Holley by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,137,811 shares of the company’s stock valued at $3,357,000 after purchasing an additional 55,641 shares in the last quarter. Institutional investors own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Telsey Advisory Group restated an “outperform” rating and set a $4.50 price target on shares of Holley in a research report on Wednesday, March 12th. Raymond James lifted their price objective on Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a report on Wednesday, March 12th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Holley presently has a consensus rating of “Buy” and an average price target of $6.80.

Holley Stock Down 1.0 %

HLLY opened at $2.41 on Monday. The company has a market cap of $288.11 million, a P/E ratio of 18.50 and a beta of 1.44. The business’s 50-day moving average price is $2.87 and its 200-day moving average price is $2.89. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. Holley Inc. has a 12 month low of $2.26 and a 12 month high of $4.58.

Holley (NYSE:HLLY) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. Holley had a return on equity of 2.59% and a net margin of 2.55%. The company had revenue of $140.05 million for the quarter, compared to the consensus estimate of $137.60 million. During the same quarter in the previous year, the business earned $0.01 EPS. Holley’s revenue was down 10.1% compared to the same quarter last year. On average, equities analysts expect 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.