BlueMountain Capital Management LLC raised its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 341.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,183 shares of the company’s stock after acquiring an additional 7,877 shares during the period. BlueMountain Capital Management LLC’s holdings in Spectrum Brands Holdings were worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SPB. BlackRock Inc. raised its holdings in shares of Spectrum Brands Holdings by 5,054.7% during the 1st quarter. BlackRock Inc. now owns 1,208,769 shares of the company’s stock worth $168,030,000 after acquiring an additional 1,185,319 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Spectrum Brands Holdings by 164.2% during the 1st quarter. Bank of New York Mellon Corp now owns 355,613 shares of the company’s stock worth $49,434,000 after acquiring an additional 221,030 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Spectrum Brands Holdings by 29.7% during the 2nd quarter. Schroder Investment Management Group now owns 812,903 shares of the company’s stock worth $101,084,000 after acquiring an additional 186,285 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Spectrum Brands Holdings by 3,962.2% during the 1st quarter. Renaissance Technologies LLC now owns 182,800 shares of the company’s stock worth $25,411,000 after acquiring an additional 178,300 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Spectrum Brands Holdings by 18.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,048,499 shares of the company’s stock worth $131,105,000 after acquiring an additional 161,567 shares in the last quarter. 47.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. BidaskClub downgraded Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $167.00 target price on shares of Spectrum Brands Holdings in a research report on Wednesday, August 30th. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $150.00 target price (down previously from $165.00) on shares of Spectrum Brands Holdings in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $146.38.

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Spectrum Brands Holdings, Inc. (SPB) opened at 106.86 on Wednesday. The stock’s 50 day moving average price is $108.18 and its 200 day moving average price is $126.64. The company has a market cap of $6.20 billion, a P/E ratio of 21.88 and a beta of 0.68. Spectrum Brands Holdings, Inc. has a 52-week low of $102.27 and a 52-week high of $146.09.

Spectrum Brands Holdings (NYSE:SPB) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.71 EPS 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 company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.73 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current 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 of this dividend was Friday, August 11th. This represents a $1.68 dividend on an annualized basis and a yield of 1.57%. Spectrum Brands Holdings’s payout ratio is 34.29%.

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.

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

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