Tudor Investment Corp ET AL Has $99,000 Stake in Holley Inc. (NYSE:HLLY)

Tudor Investment Corp ET AL trimmed its holdings in Holley Inc. (NYSE:HLLY - Free Report) by 85.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,640 shares of the company's stock after selling 197,571 shares during the quarter. Tudor Investment Corp ET AL's holdings in Holley were worth $99,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HLLY. Boston Partners bought a new position in Holley in the fourth quarter valued at about $4,746,000. Russell Investments Group Ltd. raised its holdings in Holley by 12,719.0% during the 4th quarter. Russell Investments Group Ltd. now owns 819,136 shares of the company's stock worth $2,474,000 after purchasing an additional 812,746 shares during the last quarter. Blue Owl Capital Holdings LP lifted its position in Holley by 17.3% during the 4th quarter. Blue Owl Capital Holdings LP now owns 2,990,294 shares of the company's stock valued at $9,031,000 after purchasing an additional 440,040 shares during the period. Raymond James Financial Inc. acquired a new position in Holley during the 4th quarter valued at about $1,058,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Holley by 158.9% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 39.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HLLY shares. Truist Financial dropped their price target on shares of Holley from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Raymond James lifted their target price on shares of Holley from $3.00 to $3.50 and gave the stock an "outperform" rating in a report on Wednesday, March 12th. Telsey Advisory Group dropped their target price on shares of Holley from $4.50 to $2.75 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Benchmark lowered Holley from a "buy" rating to a "hold" rating and set a $5.00 price target on the stock. in a research report on Friday. Finally, Canaccord Genuity Group decreased their price objective on Holley from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Holley presently has a consensus rating of "Moderate Buy" and an average price target of $3.85.

Holley Trading Down 2.3%

Shares of NYSE HLLY traded down $0.05 during midday trading on Tuesday, reaching $2.17. 695,325 shares of the stock were exchanged, compared to its average volume of 441,067. 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 $260.31 million, a price-to-earnings ratio of 16.69 and a beta of 1.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The business has a 50-day simple moving average of $2.31 and a two-hundred day simple moving average of $2.67.

Holley (NYSE:HLLY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $153.04 million for the quarter, compared to analyst estimates of $148.52 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. As a group, equities research 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.