Atria Investments Inc Sells 13,880 Shares of Holley Inc. (NYSE:HLLY)

Atria Investments Inc lessened its holdings in Holley Inc. (NYSE:HLLY) by 35.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,768 shares of the company’s stock after selling 13,880 shares during the period. Atria Investments Inc’s holdings in Holley were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Personalized Indexing Management LLC bought a new position in Holley in the second quarter worth approximately $42,000. Lazard Asset Management LLC bought a new position in shares of Holley during the 1st quarter worth $43,000. SG Americas Securities LLC purchased a new position in shares of Holley during the third quarter valued at $52,000. Algert Global LLC raised its holdings in shares of Holley by 31.1% in the second quarter. Algert Global LLC now owns 20,781 shares of the company’s stock valued at $74,000 after acquiring an additional 4,924 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Holley by 23.3% during the 2nd quarter. American Century Companies Inc. now owns 64,383 shares of the company’s stock worth $230,000 after acquiring an additional 12,186 shares in the last quarter. Hedge funds and other institutional investors own 39.70% of the company’s stock.

Wall Street Analysts Forecast Growth

HLLY has been the subject of a number of recent research reports. Telsey Advisory Group reduced their price objective on shares of Holley from $5.50 to $4.50 and set an “outperform” rating for the company in a research note on Monday, November 11th. Canaccord Genuity Group decreased their price objective on Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Raymond James cut their target price on Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $12.00 price target on shares of Holley in a research report on Wednesday, September 4th. Finally, Truist Financial reduced their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Holley Price Performance

Shares of HLLY stock opened at $2.88 on Monday. Holley Inc. has a fifty-two week low of $2.29 and a fifty-two week high of $5.23. 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 firm has a market capitalization of $345.02 million, a price-to-earnings ratio of 22.15 and a beta of 1.45. The stock’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.27.

Holley (NYSE:HLLY) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $134.00 million for the quarter, compared to analyst estimates of $142.53 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. The company’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. As a group, equities analysts forecast that Holley Inc. will post 0.14 earnings per share for the current fiscal year.

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.