Holley Inc. (NYSE:HLLY) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in shares of Holley Inc. (NYSE:HLLY) by 158.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,087 shares of the company’s stock after buying an additional 129,569 shares during the quarter. First Eagle Investment Management LLC owned 0.18% of Holley worth $637,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Skylands Capital LLC grew its holdings in Holley by 4.3% during the 4th quarter. Skylands Capital LLC now owns 1,193,983 shares of the company’s stock worth $3,606,000 after acquiring an additional 49,383 shares in the last quarter. Geode Capital Management LLC grew its stake in Holley by 5.1% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Holley by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock valued at $1,308,000 after buying an additional 43,053 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Holley during the fourth quarter valued at approximately $1,058,000. Finally, Empowered Funds LLC lifted its holdings in Holley by 5.2% during the 4th quarter. Empowered Funds LLC now owns 261,928 shares of the company’s stock worth $791,000 after buying an additional 12,955 shares during the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HLLY shares. Telsey Advisory Group reissued an “outperform” rating and set a $4.50 price target on shares of Holley in a research report on Wednesday, March 12th. Raymond James raised their price target on shares of Holley from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Holley currently has a consensus rating of “Buy” and an average target price of $6.80.

Holley Price Performance

Shares of HLLY opened at $2.41 on Monday. Holley Inc. has a 12 month low of $2.26 and a 12 month high of $4.58. 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 stock has a fifty day moving average price of $2.87 and a 200 day moving average price of $2.89. The company has a market cap of $288.11 million, a P/E ratio of 18.50 and a beta of 1.44.

Holley (NYSE:HLLY) last released its quarterly earnings data on Tuesday, March 11th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09. The business had revenue of $140.05 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. On average, research analysts forecast that Holley Inc. will post 0.12 earnings per share 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.