Spectrum Brands Holdings, Inc. (SPB) Position Reduced by Montag A & Associates Inc.

Montag A & Associates Inc. reduced its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 7.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,407 shares of the company’s stock after selling 2,230 shares during the quarter. Montag A & Associates Inc.’s holdings in Spectrum Brands Holdings were worth $3,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SPB. BlackRock Inc. raised its holdings in Spectrum Brands Holdings by 5,054.7% during the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock valued at $168,030,000 after buying an additional 1,185,319 shares during the last quarter. Schroder Investment Management Group raised its holdings in Spectrum Brands Holdings by 29.7% during the 2nd quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock valued at $101,084,000 after buying an additional 186,285 shares during the last quarter. Bessemer Group Inc. raised its holdings in Spectrum Brands Holdings by 18.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock valued at $131,105,000 after buying an additional 161,567 shares during the last quarter. Channing Capital Management LLC bought a new stake in Spectrum Brands Holdings during the 3rd quarter valued at $16,769,000. Finally, Janus Henderson Group PLC purchased a new position in Spectrum Brands Holdings during the 2nd quarter valued at $12,046,000. Institutional investors own 45.25% of the company’s stock.

Spectrum Brands Holdings, Inc. (NYSE:SPB) traded down $0.07 during trading hours on Tuesday, hitting $105.01. 600,600 shares of the stock were exchanged, compared to its average volume of 413,462. The stock has a market cap of $6,099.17, a P/E ratio of 19.39, a PEG ratio of 1.67 and a beta of 0.75. The company has a quick ratio of 0.95, a current ratio of 1.88 and a debt-to-equity ratio of 2.24. Spectrum Brands Holdings, Inc. has a 12-month low of $98.11 and a 12-month high of $146.09.

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A number of research analysts have issued reports on the stock. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. KeyCorp set a $130.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Monday, October 16th. Royal Bank Of Canada set a $155.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Spectrum Brands Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group LLC set a $143.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Saturday, July 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $140.13.

About Spectrum Brands Holdings

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

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Institutional Ownership by Quarter for Spectrum Brands Holdings (NYSE:SPB)

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