Investors Purchase Large Volume of Spectrum Brands Holdings Call Options (SPB)

Spectrum Brands Holdings, Inc. (NYSE:SPB) was the target of unusually large options trading activity on Wednesday. Traders bought 4,602 call options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 call options.

Hedge funds and other institutional investors have recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Spectrum Brands Holdings in the 2nd quarter worth approximately $100,000. Daiwa Securities Group Inc. lifted its position in shares of Spectrum Brands Holdings by 33.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock worth $100,000 after purchasing an additional 200 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Spectrum Brands Holdings in the 2nd quarter worth approximately $113,000. FNY Partners Fund LP acquired a new position in shares of Spectrum Brands Holdings in the 2nd quarter worth approximately $187,000. Finally, SG Americas Securities LLC lifted its position in shares of Spectrum Brands Holdings by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock worth $198,000 after purchasing an additional 533 shares during the period. Hedge funds and other institutional investors own 46.11% of the company’s stock.

Spectrum Brands Holdings (SPB) opened at $104.04 on Monday. The stock has a market cap of $6,038.79, a P/E ratio of 19.20, a PEG ratio of 1.71 and a beta of 0.75. Spectrum Brands Holdings has a 1 year low of $98.11 and a 1 year high of $146.09. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.88 and a quick ratio of 0.95.

Several equities research analysts recently commented on the stock. Wells Fargo & Company reiterated an “outperform” rating and set a $125.00 target price (down from $147.00) on shares of Spectrum Brands Holdings in a research report on Tuesday, October 31st. KeyCorp set a $130.00 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Spectrum Brands Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Jefferies Group LLC reiterated a “buy” rating and set a $143.00 target price on shares of Spectrum Brands Holdings in a research report on Thursday, October 12th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. Spectrum Brands Holdings currently has a consensus rating of “Buy” and a consensus price target of $140.13.

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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.

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