Brevan Howard Capital Management LP Has $1.26 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Brevan Howard Capital Management LP lifted its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB - Free Report) by 290.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,942 shares of the company's stock after acquiring an additional 11,115 shares during the period. Brevan Howard Capital Management LP owned approximately 0.05% of Spectrum Brands worth $1,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPB. Steward Partners Investment Advisory LLC bought a new position in Spectrum Brands during the 4th quarter worth about $50,000. Blue Trust Inc. grew its holdings in shares of Spectrum Brands by 46.5% during the fourth quarter. Blue Trust Inc. now owns 1,182 shares of the company's stock worth $100,000 after buying an additional 375 shares in the last quarter. KBC Group NV grew its holdings in shares of Spectrum Brands by 46.3% during the fourth quarter. KBC Group NV now owns 1,233 shares of the company's stock worth $104,000 after buying an additional 390 shares in the last quarter. Summit Trail Advisors LLC acquired a new stake in Spectrum Brands in the 4th quarter valued at approximately $237,000. Finally, City Center Advisors LLC bought a new stake in Spectrum Brands in the 4th quarter valued at approximately $306,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SPB shares. Canaccord Genuity Group upgraded shares of Spectrum Brands from a "hold" rating to a "buy" rating and lifted their price objective for the company from $94.00 to $102.00 in a report on Friday, February 7th. UBS Group lowered their price target on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada cut their price target on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, February 7th. Finally, Wells Fargo & Company decreased their price objective on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Spectrum Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.43.

Spectrum Brands Stock Performance

Shares of SPB opened at $61.79 on Thursday. The company has a market cap of $1.63 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The firm has a 50-day moving average of $66.48 and a 200-day moving average of $79.59. Spectrum Brands Holdings, Inc. has a one year low of $57.66 and a one year high of $96.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.40 and a quick ratio of 1.53.

Spectrum Brands (NYSE:SPB - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a return on equity of 6.44% and a net margin of 4.01%. During the same quarter in the previous year, the company earned $0.78 earnings per share. As a group, equities analysts forecast that Spectrum Brands Holdings, Inc. will post 5.06 earnings per share for the current year.

Spectrum Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, May 27th. Spectrum Brands's payout ratio is presently 46.19%.

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.

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