Tudor Investment Corp ET AL Sells 197,571 Shares of Holley Inc. (NYSE:HLLY)

Tudor Investment Corp ET AL trimmed its holdings in shares of Holley Inc. (NYSE:HLLY - Free Report) by 85.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,640 shares of the company's stock after selling 197,571 shares during the period. Tudor Investment Corp ET AL's holdings in Holley were worth $99,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Owl Capital Holdings LP raised its position in shares of Holley by 17.3% during the fourth quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company's stock worth $9,031,000 after purchasing an additional 440,040 shares during the period. Dimensional Fund Advisors LP raised its position in Holley by 9.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,180,045 shares of the company's stock valued at $3,564,000 after buying an additional 104,071 shares during the last quarter. XTX Topco Ltd purchased a new stake in Holley in the 4th quarter valued at $290,000. Raymond James Financial Inc. purchased a new stake in Holley in the 4th quarter valued at $1,058,000. Finally, Russell Investments Group Ltd. raised its position in Holley by 12,719.0% in the 4th quarter. Russell Investments Group Ltd. now owns 819,136 shares of the company's stock valued at $2,474,000 after buying an additional 812,746 shares during the last quarter. 39.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLLY has been the subject of several research analyst reports. Telsey Advisory Group decreased their target price on Holley from $4.50 to $2.75 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Raymond James raised their target price on Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a research report on Wednesday, March 12th. Canaccord Genuity Group lowered their price target on Holley from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Benchmark cut Holley from a "buy" rating to a "hold" rating and set a $5.00 price target on the stock. in a report on Friday, May 9th. Finally, Truist Financial lowered their price target on Holley from $5.00 to $3.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $3.85.

Holley Stock Up 0.5%

Holley stock traded up $0.01 during mid-day trading on Friday, hitting $2.18. The company had a trading volume of 121,762 shares, compared to its average volume of 489,536. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The stock's 50 day moving average price is $2.30 and its two-hundred day moving average price is $2.66. Holley Inc. has a 12 month low of $1.60 and a 12 month high of $4.08. The company has a market capitalization of $261.51 million, a PE ratio of 16.77 and a beta of 1.43.

Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). Holley had a return on equity of 2.59% and a net margin of 2.55%. The business had revenue of $153.04 million during the quarter, compared to analysts' expectations of $148.52 million. As a group, sell-side analysts anticipate that Holley Inc. will post 0.12 earnings per share for the current fiscal year.

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.