Clinton Group Inc. trimmed its position in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 61.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,917 shares of the company’s stock after selling 12,555 shares during the period. Clinton Group Inc.’s holdings in Spectrum Brands Holdings were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPB. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Spectrum Brands Holdings during the second quarter worth about $100,000. Daiwa Securities Group Inc. grew its stake in Spectrum Brands Holdings by 33.3% during 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. acquired a new stake in Spectrum Brands Holdings during the second quarter worth about $113,000. Invictus RG acquired a new stake in Spectrum Brands Holdings during the first quarter worth about $156,000. Finally, FNY Partners Fund LP acquired a new stake in Spectrum Brands Holdings during the second quarter worth about $187,000. Hedge funds and other institutional investors own 47.05% of the company’s stock.

Shares of Spectrum Brands Holdings, Inc. (SPB) opened at 105.35 on Thursday. Spectrum Brands Holdings, Inc. has a 1-year low of $102.27 and a 1-year high of $146.09. The stock has a 50 day moving average of $106.14 and a 200-day moving average of $124.05. The firm has a market capitalization of $6.11 billion, a P/E ratio of 21.57 and a beta of 0.65.

Spectrum Brands Holdings (NYSE:SPB) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.21). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.38 billion. Spectrum Brands Holdings had a return on equity of 17.46% and a net margin of 5.87%. The firm’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. On average, equities analysts expect that Spectrum Brands Holdings, Inc. will post $5.60 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, August 15th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Friday, August 11th. Spectrum Brands Holdings’s dividend payout ratio (DPR) is 34.29%.

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A number of equities research analysts have issued reports on the stock. Jefferies Group LLC set a $143.00 price objective on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Saturday, July 29th. Deutsche Bank AG reiterated a “buy” rating and set a $131.00 price objective (down from $149.00) on shares of Spectrum Brands Holdings in a research note on Monday, July 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, July 27th. 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. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $144.33.

Spectrum Brands Holdings 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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