Spectrum Brands Holdings Inc (NYSE:SPB) Shares Acquired by Advisory Services Network LLC

Advisory Services Network LLC boosted its holdings in Spectrum Brands Holdings Inc (NYSE:SPB) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,542 shares of the company’s stock after purchasing an additional 1,052 shares during the period. Advisory Services Network LLC’s holdings in Spectrum Brands were worth $577,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Moerus Capital Management LLC increased its stake in shares of Spectrum Brands by 29.2% in the first quarter. Moerus Capital Management LLC now owns 637,688 shares of the company’s stock worth $34,933,000 after purchasing an additional 144,053 shares in the last quarter. CNA Financial Corp purchased a new stake in shares of Spectrum Brands in the first quarter worth $878,000. Kennedy Capital Management Inc. increased its stake in shares of Spectrum Brands by 99.2% in the first quarter. Kennedy Capital Management Inc. now owns 101,305 shares of the company’s stock worth $5,549,000 after purchasing an additional 50,442 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Spectrum Brands in the first quarter worth $329,000. Finally, Pinnacle Associates Ltd. increased its stake in shares of Spectrum Brands by 3.3% in the first quarter. Pinnacle Associates Ltd. now owns 5,310 shares of the company’s stock worth $291,000 after purchasing an additional 170 shares in the last quarter.

SPB traded up $1.53 on Friday, reaching $51.54. 438,765 shares of the company traded hands, compared to its average volume of 419,032. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $2.51 billion, a P/E ratio of 14.56, a P/E/G ratio of 8.51 and a beta of 1.84. The firm has a fifty day moving average price of $55.82. Spectrum Brands Holdings Inc has a one year low of $40.54 and a one year high of $92.72.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Wednesday, May 8th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.12). Spectrum Brands had a net margin of 24.97% and a return on equity of 6.03%. The business had revenue of $906.70 million for the quarter, compared to analysts’ expectations of $874.57 million. During the same period last year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts expect that Spectrum Brands Holdings Inc will post 2.82 earnings per share for the current year.

Several equities analysts recently weighed in on the stock. Wells Fargo & Co reaffirmed a “hold” rating and set a $11.00 target price on shares of Coty in a research note on Wednesday, May 8th. Zacks Investment Research cut shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Royal Bank of Canada reissued a “hold” rating and issued a $0.35 price objective on shares of DB Commodity Double Short ETN in a research note on Friday. Monness Crespi & Hardt reissued a “buy” rating and issued a $77.00 price objective (up from $64.00) on shares of Spectrum Brands in a research note on Thursday, May 9th. Finally, Deutsche Bank restated a “hold” rating on shares of AIB Group in a report on Monday, April 8th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Spectrum Brands has a consensus rating of “Hold” and a consensus price target of $57.39.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products company worldwide. The company's Hardware & Home Improvement segment offers hardware products under the National Hardware, Stanley, and FANAL brands; locksets and door hardware under the Kwikset, Weiser, Baldwin, EZSET, and Tell brands; and plumbing products under the Pfister brand.

Further Reading: Golden Cross

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

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