Spectrum Brands Holdings, Inc. (SPB) Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,393 shares of the company’s stock after purchasing an additional 7,373 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Spectrum Brands Holdings worth $4,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mckinley Capital Management LLC Delaware grew its position in shares of Spectrum Brands Holdings by 21.7% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 108,832 shares of the company’s stock valued at $13,608,000 after purchasing an additional 19,400 shares during the period. Suntrust Banks Inc. grew its position in shares of Spectrum Brands Holdings by 22.9% in the 2nd quarter. Suntrust Banks Inc. now owns 8,046 shares of the company’s stock valued at $1,006,000 after purchasing an additional 1,498 shares during the period. Quantbot Technologies LP grew its position in shares of Spectrum Brands Holdings by 1,330.8% in the 2nd quarter. Quantbot Technologies LP now owns 5,580 shares of the company’s stock valued at $697,000 after purchasing an additional 5,190 shares during the period. Citigroup Inc. grew its position in shares of Spectrum Brands Holdings by 1,203.8% in the 2nd quarter. Citigroup Inc. now owns 68,229 shares of the company’s stock valued at $8,532,000 after purchasing an additional 62,996 shares during the period. Finally, UBS Asset Management Americas Inc. grew its position in shares of Spectrum Brands Holdings by 7.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 116,008 shares of the company’s stock valued at $14,506,000 after purchasing an additional 7,944 shares during the period. Institutional investors and hedge funds own 47.05% of the company’s stock.

Several equities analysts recently issued reports on SPB shares. BidaskClub lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $150.00 price objective (down from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. Zacks Investment Research lowered Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. Finally, BMO Capital Markets reduced their price target on Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $144.33.

Spectrum Brands Holdings, Inc. (SPB) opened at 105.11 on Friday. The firm’s 50-day moving average price is $105.47 and its 200-day moving average price is $122.57. Spectrum Brands Holdings, Inc. has a 52-week low of $101.93 and a 52-week high of $146.09. The firm has a market cap of $6.10 billion, a P/E ratio of 21.52 and a beta of 0.65.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 EPS for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.21). Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business posted $1.73 EPS. The company’s revenue was down 4.2% on a year-over-year basis. Equities research analysts expect that Spectrum Brands Holdings, Inc. will post $5.59 EPS for the current year.

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Spectrum Brands Holdings Company Profile

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.

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

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