Holley (NYSE:HLLY) Earns “Outperform” Rating from Telsey Advisory Group

Holley (NYSE:HLLY)‘s stock had its “outperform” rating restated by equities research analysts at Telsey Advisory Group in a note issued to investors on Thursday,Benzinga reports. They currently have a $5.00 price target on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 48.81% from the stock’s previous close.

HLLY has been the subject of a number of other reports. Canaccord Genuity Group increased their price target on Holley from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of Holley in a report on Thursday, January 22nd. Benchmark increased their price objective on shares of Holley from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, DA Davidson lifted their target price on shares of Holley from $3.00 to $4.50 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued 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 Performance

Shares of HLLY opened at $3.36 on Thursday. The company has a current ratio of 2.78, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20. The firm has a market cap of $404.91 million, a PE ratio of 22.40 and a beta of 1.32. Holley has a 12 month low of $1.60 and a 12 month high of $4.48. The stock has a fifty day moving average price of $4.09 and a 200-day moving average price of $3.76.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of Holley by 7.2% during the fourth quarter. Deutsche Bank AG now owns 48,294 shares of the company’s stock worth $199,000 after purchasing an additional 3,251 shares during the period. ProShare Advisors LLC raised its position in Holley by 37.1% during the 4th quarter. ProShare Advisors LLC now owns 13,961 shares of the company’s stock worth $58,000 after buying an additional 3,777 shares during the last quarter. State Street Corp lifted its stake in Holley by 0.3% during the 4th quarter. State Street Corp now owns 1,141,534 shares of the company’s stock valued at $4,715,000 after acquiring an additional 3,788 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Holley by 10.7% in the 4th quarter. Verition Fund Management LLC now owns 47,831 shares of the company’s stock valued at $198,000 after acquiring an additional 4,638 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Holley by 16.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,542 shares of the company’s stock worth $65,000 after acquiring an additional 4,661 shares during the period. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

Holley Company Profile

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.