FNY Partners Fund LP bought a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the company’s stock, valued at approximately $187,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Spectrum Brands Holdings by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,020,401 shares of the company’s stock valued at $280,856,000 after acquiring an additional 32,915 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Spectrum Brands Holdings by 1.3% in the second quarter. JPMorgan Chase & Co. now owns 1,634,684 shares of the company’s stock valued at $204,401,000 after acquiring an additional 20,242 shares during the last quarter. BlackRock Inc. boosted its stake in Spectrum Brands Holdings by 5,054.7% in the first quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock valued at $168,030,000 after acquiring an additional 1,185,319 shares during the last quarter. Bessemer Group Inc. boosted its stake in Spectrum Brands Holdings by 18.2% in the second quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock valued at $131,105,000 after acquiring an additional 161,567 shares during the last quarter. Finally, Brahman Capital Corp. boosted its stake in Spectrum Brands Holdings by 0.3% in the first quarter. Brahman Capital Corp. now owns 1,030,503 shares of the company’s stock valued at $143,250,000 after acquiring an additional 3,035 shares during the last quarter. Hedge funds and other institutional investors own 47.01% of the company’s stock.

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Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) traded up 0.089% during mid-day trading on Wednesday, hitting $106.475. 14,483 shares of the company were exchanged. Spectrum Brands Holdings, Inc. has a 52 week low of $102.27 and a 52 week high of $146.09. The company has a market capitalization of $6.18 billion, a P/E ratio of 21.801 and a beta of 0.68. The company has a 50 day moving average of $110.67 and a 200 day moving average of $128.01.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.21). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. Equities analysts anticipate that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s payout ratio is 34.29%.

A number of research analysts have weighed in on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $167.00 target price on shares of Spectrum Brands Holdings in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Deutsche Bank AG reiterated a “buy” rating and issued a $131.00 target price (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Jefferies Group LLC set a $143.00 target price on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Saturday, July 29th. Finally, Royal Bank Of Canada set a $155.00 target price on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Friday, July 28th. Two 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 company. The stock has a consensus rating of “Buy” and a consensus price target of $146.38.

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.

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

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