Tudor Investment Corp ET AL lessened its stake in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 16.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,810 shares of the company’s stock after selling 1,511 shares during the period. Tudor Investment Corp ET AL’s holdings in Spectrum Brands Holdings were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its position in shares of Spectrum Brands Holdings by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 3,445 shares of the company’s stock worth $431,000 after purchasing an additional 9 shares during the last quarter. Cutter & CO Brokerage Inc. raised its position in shares of Spectrum Brands Holdings by 1.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 2,392 shares of the company’s stock worth $299,000 after purchasing an additional 35 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Spectrum Brands Holdings by 3.3% during the 1st quarter. HighTower Advisors LLC now owns 2,083 shares of the company’s stock worth $288,000 after purchasing an additional 66 shares during the last quarter. Commerce Bank raised its position in shares of Spectrum Brands Holdings by 4.5% during the 2nd quarter. Commerce Bank now owns 2,300 shares of the company’s stock worth $288,000 after purchasing an additional 100 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Spectrum Brands Holdings by 4.2% during the 2nd quarter. Aperio Group LLC now owns 2,887 shares of the company’s stock worth $361,000 after purchasing an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 47.05% of the company’s stock.

Several research analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. Royal Bank Of Canada set a $155.00 price target on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Spectrum Brands Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Jefferies Group LLC set a $143.00 price objective on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, BMO Capital Markets cut their price objective on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Spectrum Brands Holdings currently has an average rating of “Buy” and an average price target of $144.33.

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Shares of Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 104.60 on Thursday. The firm has a market cap of $6.07 billion, a P/E ratio of 21.42 and a beta of 0.65. The firm has a 50-day moving average of $106.14 and a 200-day moving average of $124.05. Spectrum Brands Holdings, Inc. has a 12-month low of $102.27 and a 12-month high of $146.09.

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 business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $1.73 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts forecast that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

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.

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

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