Spectrum Brands Holdings (NYSE:SPB).
Marshall Wace LLP decreased its stake in Spectrum Brands Holdings by 54,317 shares as of the end of the last quarter. Its stake stood at $3,347,000 a decrease of 68.8% as of the end of the quarter.
Several firms have shifted positions in (SPB). As of the end of the quarter Oppenheimerfunds, Inc. had sold a total of 55,916 shares trimming its stake by 5.9%. The value in dollars decreased from $118,978,000 to $94,862,000 decreasing 20.3% quarter over quarter. As of quarter end Great Lakes Advisors, LLC had disposed of 20 shares trimming its position 1.0%. The value of the company’s investment in Spectrum Brands Holdings went from $254,000 to $213,000 a change of 16.1% quarter to quarter.
As of quarter end Raymond James & Associates had bought a total of 308 shares growing its holdings by 1.9%. The value of the total investment in Spectrum Brands Holdings went from $2,040,000 to $1,760,000 a change of $280,000 since the last quarter.
On October 31 Wells Fargo & Company kept the company rating at “Outperform” targeting a price of $125.00. On October 16 analysts at KeyCorp updated its forecast on SPB with a rating of “Buy” and setting a price target of $130.00.
October 12 investment analysts at Jefferies Group LLC made no change to the stock rating of “Buy” projecting a price of $143.00. On September 28, 2017 Canaccord Genuity kept a “Buy” rating on the company.
On August 30 Oppenheimer Holdings left the company rating at “Buy” with a current price target of $167.00. On July 31 Deutsche Bank AG kept the stock rating at “Buy” with a current price target of $131.00.
The company is now down since yesterday’s close of 103.6. The company’s P/E ratio is 20.49 and the market cap of the company is 5.84B. As of the latest earnings report the EPS was $4.91 with 58.04M shares now outstanding.
Investors are feeling more bullish on Spectrum Brands Holdings recently if you pay attention to the change in short interest. The firm recorded a fall in short interest of -4.01% as of the latest report on October 13, 2017. Short interest decreased from 6,237,030 to 5,987,067 over that period. With short interest at 5,987,067 and short average daily volume at 295,147, the short-interest ratio is 20.0 and the percentage of shorted shares was 0.10% on October 13.