Stifel Financial Corp lowered its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 79.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in SPB. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Spectrum Brands Holdings during the 2nd quarter valued at $100,000. Daiwa Securities Group Inc. grew its holdings in shares of Spectrum Brands Holdings by 33.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after purchasing an additional 200 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Spectrum Brands Holdings during the 2nd quarter valued at $113,000. Invictus RG bought a new position in shares of Spectrum Brands Holdings during the 1st quarter valued at $156,000. Finally, FNY Partners Fund LP bought a new position in shares of Spectrum Brands Holdings during the 2nd quarter valued at $187,000. 46.97% of the stock is currently owned by institutional investors.

SPB has been the topic of several recent research reports. Zacks Investment Research lowered shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price target on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a research report on Friday, July 28th. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. BidaskClub cut shares of Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Finally, BMO Capital Markets dropped their price target on shares of 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $142.29.

Shares of Spectrum Brands Holdings, Inc. (SPB) opened at 110.50 on Thursday. The stock has a market capitalization of $6.41 billion, a PE ratio of 22.62 and a beta of 0.65. The stock has a 50 day moving average of $105.62 and a 200 day moving average of $121.56. Spectrum Brands Holdings, Inc. has a 52-week low of $101.93 and a 52-week high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.21). Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. 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 earnings per share. The firm’s revenue was down 4.2% compared to the same quarter last year. Analysts forecast that Spectrum Brands Holdings, Inc. will post $5.58 earnings per share for the current year.

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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.

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

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