Numeric Investors LLC Purchases New Stake in Spectrum Brands Holdings, Inc. (SPB)

Numeric Investors LLC purchased a new stake in Spectrum Brands Holdings, Inc. (NYSE:SPB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,200 shares of the company’s stock, valued at approximately $1,025,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPB. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Spectrum Brands Holdings in the 2nd quarter valued at about $100,000. Daiwa Securities Group Inc. lifted its position in Spectrum Brands Holdings by 33.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after acquiring an additional 200 shares in the last quarter. Pacad Investment Ltd. bought a new position in Spectrum Brands Holdings in the 2nd quarter valued at about $113,000. Invictus RG bought a new position in Spectrum Brands Holdings in the 1st quarter valued at about $156,000. Finally, FNY Partners Fund LP bought a new position in Spectrum Brands Holdings in the 2nd quarter valued at about $187,000. 47.05% of the stock is currently owned by institutional investors and hedge funds.

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Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 102.35 on Wednesday. Spectrum Brands Holdings, Inc. has a 52-week low of $101.93 and a 52-week high of $146.09. The firm’s 50 day moving average is $105.59 and its 200 day moving average is $122.83. The company has a market cap of $5.94 billion, a PE ratio of 20.96 and a beta of 0.65.

Spectrum Brands Holdings (NYSE:SPB) last issued 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). The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.73 EPS. Analysts forecast that Spectrum Brands Holdings, Inc. will post $5.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th were given a dividend of $0.42 per share. The ex-dividend date was Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.64%. Spectrum Brands Holdings’s dividend payout ratio (DPR) is 34.29%.

Several brokerages recently weighed in on SPB. Canaccord Genuity reaffirmed 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 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Friday, July 28th. BidaskClub raised 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 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Saturday, July 29th. Finally, BMO Capital Markets dropped their target price on shares of Spectrum Brands Holdings from $155.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $144.33.

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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