Russell Investments Group Ltd. Raises Holdings in Holley Inc. (NYSE:HLLY)

Russell Investments Group Ltd. lifted its position in Holley Inc. (NYSE:HLLY - Free Report) by 12,719.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 819,136 shares of the company's stock after acquiring an additional 812,746 shares during the period. Russell Investments Group Ltd. owned 0.68% of Holley worth $2,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. acquired a new position in Holley during the fourth quarter worth $30,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Holley in the fourth quarter valued at about $31,000. Cottonwood Capital Advisors LLC purchased a new position in Holley during the fourth quarter worth about $32,000. Williams & Novak LLC acquired a new position in Holley in the 4th quarter valued at about $44,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Holley by 25.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company's stock valued at $48,000 after buying an additional 3,210 shares during the period. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

Holley Trading Up 0.7 %

Shares of NYSE HLLY traded up $0.02 during trading on Thursday, reaching $2.07. The stock had a trading volume of 46,946 shares, compared to its average volume of 421,035. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. The company has a market cap of $247.72 million, a P/E ratio of 15.88 and a beta of 1.41. Holley Inc. has a fifty-two week low of $1.93 and a fifty-two week high of $4.19. The business's 50-day moving average price is $2.49 and its 200-day moving average price is $2.74.

Holley (NYSE:HLLY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $140.05 million during the quarter, compared to the consensus estimate of $137.60 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. Holley's revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. On average, equities research analysts predict that Holley Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HLLY has been the topic of a number of recent analyst reports. Raymond James upped their price objective on Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a report on Wednesday, March 12th. Truist Financial decreased their price target on Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $4.50 price objective on shares of Holley in a research report on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $6.00.

Holley 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.