GAM Holding AG Sells 1,600 Shares of Spectrum Brands Holdings, Inc. (NYSE:SPB)

GAM Holding AG decreased its position in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 40.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,335 shares of the company’s stock after selling 1,600 shares during the quarter. GAM Holding AG’s holdings in Spectrum Brands Holdings were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPB. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Spectrum Brands Holdings during the first quarter worth $315,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Spectrum Brands Holdings by 1.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,057 shares of the company’s stock valued at $564,000 after buying an additional 40 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Spectrum Brands Holdings by 4.2% in the first quarter. Great West Life Assurance Co. Can now owns 8,035 shares of the company’s stock valued at $1,115,000 after buying an additional 326 shares during the last quarter. APG Asset Management N.V. purchased a new position in Spectrum Brands Holdings in the first quarter valued at $7,187,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Spectrum Brands Holdings by 11.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 84,058 shares of the company’s stock valued at $11,685,000 after buying an additional 8,342 shares during the last quarter. 47.05% of the stock is currently owned by institutional investors.

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

Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 105.41 on Friday. The stock has a market capitalization of $6.12 billion, a PE ratio of 21.58 and a beta of 0.68. The stock’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 issued its earnings results 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. Spectrum Brands Holdings’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.73 earnings per share. Equities research analysts forecast that Spectrum Brands Holdings, Inc. will post $5.60 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th were issued 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 1.59%. Spectrum Brands Holdings’s payout ratio is 34.29%.

Spectrum Brands Holdings Company 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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