Holley Inc. (NYSE:HLLY) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Holley Inc. (NYSE:HLLY) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 393,584 shares of the company’s stock after selling 49,885 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Holley were worth $1,189,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in Holley in the third quarter valued at about $41,000. Verition Fund Management LLC bought a new stake in shares of Holley in the 3rd quarter valued at approximately $35,000. Zacks Investment Management raised its position in shares of Holley by 69.5% during the 3rd quarter. Zacks Investment Management now owns 19,658 shares of the company’s stock valued at $58,000 after acquiring an additional 8,061 shares in the last quarter. Barclays PLC lifted its stake in Holley by 288.3% during the third quarter. Barclays PLC now owns 75,795 shares of the company’s stock worth $224,000 after purchasing an additional 56,277 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Holley by 5.1% during the third quarter. Geode Capital Management LLC now owns 1,137,811 shares of the company’s stock worth $3,357,000 after purchasing an additional 55,641 shares during the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Holley Stock Performance

Shares of HLLY opened at $2.65 on Monday. The company has a market capitalization of $317.29 million, a PE ratio of 20.35 and a beta of 1.44. 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’s 50 day moving average price is $2.78 and its 200 day moving average price is $2.84. Holley Inc. has a 52 week low of $2.26 and a 52 week high of $4.58.

Holley (NYSE:HLLY) last issued its quarterly earnings data 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 firm had revenue of $140.05 million for the quarter, compared to analyst estimates of $137.60 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 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. Research analysts expect that Holley Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HLLY. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $4.50 price target on shares of Holley in a report on Wednesday, March 12th. Raymond James lifted their target price on Holley from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday, March 12th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $6.80.

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.