Cubist Systematic Strategies LLC Has $919,000 Holdings in Spectrum Brands Holdings, Inc. (SPB)

Cubist Systematic Strategies LLC raised its holdings in Spectrum Brands Holdings, Inc. (NYSE:SPB) by 213.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,680 shares of the company’s stock after buying an additional 5,914 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Spectrum Brands were worth $919,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pacad Investment Ltd. acquired a new stake in shares of Spectrum Brands in the 2nd quarter valued at $113,000. Toronto Dominion Bank boosted its stake in shares of Spectrum Brands by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after purchasing an additional 794 shares in the last quarter. FNY Partners Fund LP acquired a new stake in shares of Spectrum Brands in the 2nd quarter valued at $187,000. SG Americas Securities LLC boosted its stake in shares of Spectrum Brands by 50.6% in the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after purchasing an additional 533 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Spectrum Brands in the 3rd quarter valued at $214,000. Institutional investors own 48.23% of the company’s stock.

Spectrum Brands Holdings, Inc. (NYSE:SPB) opened at $114.63 on Friday. The stock has a market cap of $6,641.40, a PE ratio of 21.11, a P/E/G ratio of 1.84 and a beta of 0.76. The company has a current ratio of 1.44, a quick ratio of 0.75 and a debt-to-equity ratio of 2.06. Spectrum Brands Holdings, Inc. has a 52-week low of $98.11 and a 52-week high of $146.09.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($0.12). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. analysts forecast that Spectrum Brands Holdings, Inc. will post 6.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Shareholders of record on Tuesday, November 28th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, November 27th. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. Spectrum Brands’s payout ratio is presently 33.33%.

Several equities research analysts have recently commented on the stock. Wells Fargo & Company restated a “buy” rating on shares of Spectrum Brands in a research note on Wednesday. Oppenheimer reiterated a “buy” rating on shares of Spectrum Brands in a research report on Wednesday. BMO Capital Markets set a $132.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Friday, November 17th. KeyCorp set a $130.00 price target on shares of Spectrum Brands and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, Bank of America upped their price target on shares of Spectrum Brands from $113.00 to $116.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $137.25.

COPYRIGHT VIOLATION WARNING: This news story was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/12/22/cubist-systematic-strategies-llc-has-919000-holdings-in-spectrum-brands-holdings-inc-spb.html.

Spectrum Brands 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.

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 (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit