Stifel Financial Corp Has $1.51 Million Holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB)

Stifel Financial Corp lessened its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 79.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,036 shares of the company’s stock after selling 46,069 shares during the period. Stifel Financial Corp’s holdings in Spectrum Brands Holdings were worth $1,513,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Spectrum Brands Holdings in the second quarter worth about $100,000. Daiwa Securities Group Inc. boosted its position in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after buying an additional 200 shares during the period. Pacad Investment Ltd. purchased a new stake in shares of Spectrum Brands Holdings in the second quarter worth about $113,000. Invictus RG purchased a new stake in shares of Spectrum Brands Holdings in the first quarter worth about $156,000. Finally, FNY Partners Fund LP acquired a new position in shares of Spectrum Brands Holdings in the second quarter worth about $187,000. 46.50% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on SPB. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. BidaskClub cut Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Jefferies Group LLC restated a “buy” rating and set a $150.00 price objective (down previously from $165.00) on shares of Spectrum Brands Holdings in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $167.00 price objective on shares of Spectrum Brands Holdings in a research note on Wednesday, August 30th. Finally, Deutsche Bank AG restated a “buy” rating and set a $131.00 price objective (down previously from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $142.29.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/28/stifel-financial-corp-sells-46069-shares-of-spectrum-brands-holdings-inc-spb.html.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) traded down 0.24% during trading on Friday, reaching $108.17. The company had a trading volume of 449,182 shares. Spectrum Brands Holdings, Inc. has a 12-month low of $101.93 and a 12-month high of $146.09. The firm has a 50-day moving average of $105.79 and a 200-day moving average of $120.51. The company has a market cap of $6.28 billion, a P/E ratio of 22.15 and a beta of 0.65.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the 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 firm earned $1.73 EPS. Spectrum Brands Holdings’s quarterly revenue was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Spectrum Brands Holdings, Inc. will post $5.57 EPS for the current year.

Spectrum Brands Holdings 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)

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.

Leave a Reply