OxFORD Asset Management LLP acquired a new position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,083 shares of the company’s stock, valued at approximately $4,211,000. OxFORD Asset Management LLP owned 0.07% of Spectrum Brands as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPB. Check Capital Management Inc. CA boosted its stake in shares of Spectrum Brands by 173.8% during the third quarter. Check Capital Management Inc. CA now owns 759,562 shares of the company’s stock valued at $80,453,000 after purchasing an additional 482,162 shares during the period. Rovida Advisors Inc. purchased a new stake in shares of Spectrum Brands during the third quarter valued at $21,081,000. Schroder Investment Management Group boosted its stake in shares of Spectrum Brands by 29.7% during the second quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock valued at $101,084,000 after purchasing an additional 186,285 shares during the period. Channing Capital Management LLC purchased a new stake in shares of Spectrum Brands during the third quarter valued at $16,769,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Spectrum Brands by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,756,257 shares of the company’s stock valued at $184,511,000 after purchasing an additional 121,573 shares during the period. 48.26% of the stock is owned by institutional investors.
SPB has been the subject of several recent research reports. Oppenheimer restated a “buy” rating and issued a $167.00 price objective on shares of Spectrum Brands in a report on Monday, November 20th. Canaccord Genuity restated a “buy” rating on shares of Spectrum Brands in a report on Wednesday, November 15th. BidaskClub upgraded Spectrum Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. KeyCorp set a $130.00 price objective on Spectrum Brands and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Jefferies Group restated a “buy” rating and issued a $143.00 price objective on shares of Spectrum Brands in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Spectrum Brands presently has a consensus rating of “Buy” and a consensus price target of $137.25.
Spectrum Brands Holdings, Inc. (NYSE:SPB) traded down $0.39 during mid-day trading on Thursday, hitting $114.59. The company had a trading volume of 388,900 shares, compared to its average volume of 437,226. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.44 and a quick ratio of 0.75. The company has a market capitalization of $6,625.85, a P/E ratio of 21.06, a P/E/G ratio of 1.83 and a beta of 0.76. Spectrum Brands Holdings, Inc. has a 12-month low of $98.11 and a 12-month high of $146.09.
Spectrum Brands (NYSE:SPB) last announced its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 earnings per share. analysts predict that Spectrum Brands Holdings, Inc. will post 6.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th will be issued a $0.42 dividend. The ex-dividend date is Monday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. Spectrum Brands’s dividend payout ratio is presently 33.33%.
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Spectrum Brands 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.
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