New York State Common Retirement Fund Lowers Stake in Spectrum Brands Holdings, Inc. (SPB)

New York State Common Retirement Fund cut its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,700 shares of the company’s stock after selling 10,832 shares during the period. New York State Common Retirement Fund owned about 0.10% of Spectrum Brands Holdings worth $6,965,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurion Capital Management LP bought a new stake in shares of Spectrum Brands Holdings during the second quarter valued at approximately $363,000. Stevens Capital Management LP increased its position in shares of Spectrum Brands Holdings by 188.3% during the second quarter. Stevens Capital Management LP now owns 33,974 shares of the company’s stock valued at $4,248,000 after purchasing an additional 22,191 shares during the period. BlueMountain Capital Management LLC increased its position in shares of Spectrum Brands Holdings by 341.6% during the second quarter. BlueMountain Capital Management LLC now owns 10,183 shares of the company’s stock valued at $1,273,000 after purchasing an additional 7,877 shares during the period. Amalgamated Bank increased its position in shares of Spectrum Brands Holdings by 27.2% during the second quarter. Amalgamated Bank now owns 4,565 shares of the company’s stock valued at $571,000 after purchasing an additional 977 shares during the period. Finally, Icon Advisers Inc. Co. increased its position in shares of Spectrum Brands Holdings by 31.9% during the second quarter. Icon Advisers Inc. Co. now owns 9,500 shares of the company’s stock valued at $1,188,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 47.05% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/10/13/new-york-state-common-retirement-fund-lowers-stake-in-spectrum-brands-holdings-inc-spb.html.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.21). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. Spectrum Brands Holdings’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share.

SPB has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $143.00 price target on shares of Spectrum Brands Holdings in a research report on Thursday. Deutsche Bank AG reiterated a “buy” rating and issued a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research report on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. Zacks Investment Research cut Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands Holdings in a research report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Spectrum Brands Holdings has a consensus rating of “Buy” and an average target price of $144.33.

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.

Want to see what other hedge funds are holding SPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spectrum Brands Holdings, Inc. (NYSE:SPB).

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

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply