Ancora Advisors LLC Lowers Stock Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Ancora Advisors LLC trimmed its position in Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 45.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,200 shares of the company's stock after selling 22,340 shares during the quarter. Ancora Advisors LLC owned about 0.10% of Spectrum Brands worth $2,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aristeia Capital L.L.C. acquired a new stake in Spectrum Brands during the fourth quarter worth about $1,588,000. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Spectrum Brands during the 4th quarter worth approximately $1,943,000. Freestone Grove Partners LP purchased a new position in shares of Spectrum Brands during the 4th quarter valued at approximately $424,000. AQR Capital Management LLC lifted its stake in shares of Spectrum Brands by 76.4% in the 4th quarter. AQR Capital Management LLC now owns 261,507 shares of the company's stock valued at $22,095,000 after purchasing an additional 113,238 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Spectrum Brands by 769.9% during the fourth quarter. Lido Advisors LLC now owns 6,455 shares of the company's stock worth $545,000 after buying an additional 5,713 shares in the last quarter.

Spectrum Brands Trading Down 3.5 %

SPB stock traded down $2.27 during trading on Friday, reaching $61.83. 663,349 shares of the stock were exchanged, compared to its average volume of 416,345. The business has a 50 day moving average price of $66.03 and a 200-day moving average price of $79.15. Spectrum Brands Holdings, Inc. has a 1 year low of $56.50 and a 1 year high of $96.62. The company has a current ratio of 2.40, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.70 and a beta of 1.00.

Spectrum Brands (NYSE:SPB - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $1.35 by ($0.67). The business had revenue of $675.70 million during the quarter, compared to analyst estimates of $701.00 million. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, research analysts predict that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, May 27th. This represents a $1.88 annualized dividend and a yield of 3.04%. Spectrum Brands's dividend payout ratio (DPR) is currently 46.19%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPB shares. UBS Group lifted their price target on Spectrum Brands from $76.00 to $78.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company decreased their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and upped their price objective for the stock from $94.00 to $102.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada cut their target price on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $95.71.

Spectrum Brands Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.