Fox Run Management L.l.c. adds Spectrum Brands Holdings (SPB) to its portfolio

Spectrum Brands Holdings (SPB) : Fox Run Management L.l.c. added new position in Spectrum Brands Holdings during the most recent quarter end. The investment management firm now holds 8,300 shares of Spectrum Brands Holdings which is valued at $928,687 , the company said in a statement filed on Apr 18, 2016 with the SEC.Spectrum Brands Holdings makes up approximately 0.60% of Fox Run Management L.l.c.’s portfolio.

Spectrum Brands Holdings opened for trading at $110.55 and hit $112.19 on the upside on Friday, eventually ending the session at $111.89, with a gain of 0.97% or 1.08 points. The heightened volatility saw the trading volume jump to 2,42,063 shares. Company has a market cap of $6,645 M.

Other Hedge Funds, Including , Palo Capital reduced its stake in SPB by selling 2,640 shares or 33.48% in the most recent quarter. The Hedge Fund company now holds 5,245 shares of SPB which is valued at $586,863. Spectrum Brands Holdings makes up approx 0.46% of Palo Capital’s portfolio. Highland Capital Management added SPB to its portfolio by purchasing 12,499 company shares during the most recent quarter which is valued at $1,388,639. Spectrum Brands Holdings makes up approx 0.12% of Highland Capital Management’s portfolio. Proficio Capital Partners added SPB to its portfolio by purchasing 23 company shares during the most recent quarter which is valued at $2,523.Eagle Asset Management Inc reduced its stake in SPB by selling 2,199 shares or 6.04% in the most recent quarter. The Hedge Fund company now holds 34,195 shares of SPB which is valued at $3,751,192. Spectrum Brands Holdings makes up approx 0.03% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Spectrum Brands Holdings reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus of $1.07. The company had revenue of $1218.80 million for the quarter, compared to analysts expectations of $1198.23 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Spectrum Brands Holdings Inc. (SB Holdings) is a consumer products company. The Company supplies consumer batteries residential locksets residential builder’s hardware plumbing and accessories shaving and grooming products personal care products small household appliances specialty pet supplies lawn and garden and home pest control products personal insect repellents and auto care products. The Company operates in segments which include Global Batteries & Appliances Hardware and Home Improvement Global Pet Supplies Home and Garden and Global Auto Care. The Company manufactures and markets alkaline zinc carbon and hearing aid batteries as well as aquariums and aquatic health supplies and the designing and marketing of rechargeable batteries and electric shavers among others. The Company also offers Armor All STP and A/C PRO brands.

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