Holley’s (HLLY) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Holley (NYSE:HLLY) in a research report sent to investors on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $5.00 target price on the stock.

HLLY has been the topic of a number of other reports. DA Davidson lifted their price target on Holley from $3.00 to $4.50 and gave the company a “neutral” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Holley in a report on Thursday, January 22nd. Canaccord Genuity Group lifted their target price on shares of Holley from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, Benchmark boosted their target price on shares of Holley from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.67.

Holley Stock Down 3.0%

Shares of NYSE:HLLY opened at $4.16 on Tuesday. Holley has a 52-week low of $1.60 and a 52-week high of $4.48. The company has a market capitalization of $501.32 million, a PE ratio of -18.91 and a beta of 1.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.06 and a current ratio of 2.78. The company has a fifty day moving average of $4.15 and a 200-day moving average of $3.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sonoma Allocations LLC acquired a new stake in shares of Holley during the fourth quarter worth $120,000. Invesco Ltd. lifted its holdings in Holley by 18.1% in the fourth quarter. Invesco Ltd. now owns 120,172 shares of the company’s stock valued at $496,000 after buying an additional 18,440 shares during the period. Empowered Funds LLC boosted its position in Holley by 44.3% during the fourth quarter. Empowered Funds LLC now owns 505,929 shares of the company’s stock valued at $2,089,000 after acquiring an additional 155,208 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Holley during the 4th quarter worth about $102,000. Finally, Bridgeway Capital Management LLC raised its position in shares of Holley by 31.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 913,229 shares of the company’s stock worth $3,772,000 after acquiring an additional 216,208 shares in the last quarter. Institutional investors and hedge funds own 39.70% of the company’s stock.

About Holley

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.