Spectrum Brands Holdings (SPB) : Oskie Capital Management added new position in Spectrum Brands Holdings during the most recent quarter end. The investment management firm now holds 82,379 shares of Spectrum Brands Holdings which is valued at $9.6 Million , the company said in a statement filed on May 13, 2016 with the SEC.Spectrum Brands Holdings makes up approximately 6.67% of Oskie Capital Management’s portfolio.
Other Hedge Funds, Including , Victory Capital Management Inc reduced its stake in SPB by selling 108 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 9,755 shares of SPB which is valued at $1.1 Million.Cornerstone Capital Management Holdings. boosted its stake in SPB in the latest quarter, The investment management firm added 23,369 additional shares and now holds a total of 27,208 shares of Spectrum Brands Holdings which is valued at $3.2 Million. Spectrum Brands Holdings makes up approx 0.03% of Cornerstone Capital Management Holdings.’s portfolio. Cutter Co Brokerage added SPB to its portfolio by purchasing 2,585 company shares during the most recent quarter which is valued at $299,240. Spectrum Brands Holdings makes up approx 0.14% of Cutter Co Brokerage’s portfolio.Nationwide Fund Advisors boosted its stake in SPB in the latest quarter, The investment management firm added 3,475 additional shares and now holds a total of 114,650 shares of Spectrum Brands Holdings which is valued at $13.3 Million. Spectrum Brands Holdings makes up approx 0.06% of Nationwide Fund Advisors’s portfolio.
Spectrum Brands Holdings closed down -0.04 points or -0.03% at $117.26 with 2,25,890 shares getting traded on Wednesday. Post opening the session at $117.45, the shares hit an intraday low of $117.04 and an intraday high of $118.18 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Spectrum Brands Holdings reported $1.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.92. The company had revenue of $1209.60 million for the quarter, compared to analysts expectations of $1189.97 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on Spectrum Brands Holdings. Company shares were Reiterated by Monness Crespi & Hardt on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $114 .
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.