D. E. Shaw & Co. Inc. reduced its position in shares of Hamilton Beach Brands Holding Co (NYSE:HBB) by 18.5% in the fourth quarter, HoldingsChannel reports. The firm owned 11,163 shares of the company’s stock after selling 2,527 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Hamilton Beach Brands were worth $262,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in HBB. Oppenheimer Asset Management Inc. bought a new stake in Hamilton Beach Brands during the 4th quarter valued at about $115,000. Bank of America Corp DE grew its stake in shares of Hamilton Beach Brands by 39.3% in the fourth quarter. Bank of America Corp DE now owns 6,035 shares of the company’s stock worth $141,000 after acquiring an additional 1,703 shares during the period. First Trust Advisors LP bought a new stake in shares of Hamilton Beach Brands in the fourth quarter worth approximately $219,000. Rhumbline Advisers bought a new stake in shares of Hamilton Beach Brands in the fourth quarter worth approximately $228,000. Finally, Wells Fargo & Company MN grew its stake in shares of Hamilton Beach Brands by 46.9% in the third quarter. Wells Fargo & Company MN now owns 18,586 shares of the company’s stock worth $409,000 after acquiring an additional 5,937 shares during the period. Institutional investors and hedge funds own 39.15% of the company’s stock.
HBB has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Hamilton Beach Brands from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, January 18th. TheStreet lowered shares of Hamilton Beach Brands from a “c-” rating to a “d” rating in a research note on Thursday, April 4th.
Shares of HBB stock opened at $22.29 on Wednesday. Hamilton Beach Brands Holding Co has a 52 week low of $18.03 and a 52 week high of $31.30. The company has a market capitalization of $308.79 million, a PE ratio of 14.03 and a beta of -0.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 0.65.
Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.41). Hamilton Beach Brands had a return on equity of 40.81% and a net margin of 2.93%. The company had revenue of $241.70 million during the quarter. Equities research analysts anticipate that Hamilton Beach Brands Holding Co will post 1.8 EPS for the current fiscal year.
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About Hamilton Beach Brands
Hamilton Beach Brands Holding Company, together with its subsidiaries, operates in the consumer, commercial, specialty small appliance, and specialty retail market in the United States and internationally. It designs, markets, and distributes a range of small branded electric household and specialty housewares small appliances, including blenders, can openers, coffeemakers, food processors, indoor electric grills, irons, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, bars, and hotels under the Hamilton Beach Commercial and Proctor Silex Commercial brands.
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