Quantbot Technologies LP lifted its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 1,330.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,580 shares of the company’s stock after buying an additional 5,190 shares during the period. Quantbot Technologies LP’s holdings in Spectrum Brands Holdings were worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Spectrum Brands Holdings in the second quarter worth about $100,000. Daiwa Securities Group Inc. lifted its stake in shares of Spectrum Brands Holdings by 33.3% in the second quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after buying an additional 200 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of Spectrum Brands Holdings in the second quarter worth about $113,000. Invictus RG purchased a new position in shares of Spectrum Brands Holdings in the first quarter worth about $156,000. Finally, FNY Partners Fund LP purchased a new position in shares of Spectrum Brands Holdings in the second quarter worth about $187,000. 47.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at 105.98 on Thursday. The firm has a market capitalization of $6.15 billion, a PE ratio of 21.70 and a beta of 0.68. The company’s 50-day moving average is $108.18 and its 200 day moving average is $126.64. 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 released its earnings results on Thursday, July 27th. The company reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.21). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Spectrum Brands Holdings had a net margin of 5.87% and a return on equity of 17.46%. Spectrum Brands Holdings’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.73 earnings per share. Equities analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current fiscal year.

The firm also recently announced 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. This represents a $1.68 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is presently 34.29%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/28/quantbot-technologies-lp-boosts-stake-in-spectrum-brands-holdings-inc-spb.html.

Several research firms have recently weighed in on SPB. BidaskClub downgraded shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $150.00 price target (down from $165.00) on shares of Spectrum Brands Holdings in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Wells Fargo & Company reissued a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $131.00 price target (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Spectrum Brands Holdings presently has a consensus rating of “Buy” and a consensus price target of $146.38.

About Spectrum Brands Holdings

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.

Want to see what other hedge funds are holding SPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Spectrum Brands Holdings, Inc. (NYSE:SPB).

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

Receive News & Stock Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related stocks with our FREE daily email newsletter.