California State Teachers Retirement System cut its holdings in shares of Spectrum Brands Holdings, Inc. (NYSE:SPB) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,049 shares of the company’s stock after selling 4,853 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Spectrum Brands Holdings worth $5,508,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bank of Nova Scotia purchased a new position in Spectrum Brands Holdings during the second quarter worth about $5,852,000. Cubist Systematic Strategies LLC lifted its position in Spectrum Brands Holdings by 20.3% during the second quarter. Cubist Systematic Strategies LLC now owns 2,766 shares of the company’s stock worth $346,000 after buying an additional 466 shares during the period. State Street Corp lifted its position in Spectrum Brands Holdings by 2.6% during the second quarter. State Street Corp now owns 569,855 shares of the company’s stock worth $71,288,000 after buying an additional 14,196 shares during the period. FTB Advisors Inc. lifted its position in Spectrum Brands Holdings by 16,710.6% during the second quarter. FTB Advisors Inc. now owns 33,453 shares of the company’s stock worth $4,080,000 after buying an additional 33,254 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in Spectrum Brands Holdings during the second quarter worth about $12,046,000. Hedge funds and other institutional investors own 46.11% of the company’s stock.

Several equities analysts recently weighed in on SPB shares. Zacks Investment Research downgraded Spectrum Brands Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, July 29th. Royal Bank Of Canada set a $155.00 price target on Spectrum Brands Holdings and gave the stock a “buy” rating in a research note on Friday, July 28th. Canaccord Genuity restated a “buy” rating on shares of Spectrum Brands Holdings in a research note on Thursday, September 28th. BidaskClub lowered Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Finally, Jefferies Group LLC restated a “buy” rating and set a $143.00 price target on shares of Spectrum Brands Holdings in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Spectrum Brands Holdings currently has a consensus rating of “Buy” and an average price target of $140.13.

Shares of Spectrum Brands Holdings, Inc. (NYSE SPB) opened at 108.12 on Tuesday. The firm’s 50-day moving average price is $106.14 and its 200 day moving average price is $119.69. Spectrum Brands Holdings, Inc. has a 52 week low of $101.93 and a 52 week high of $146.09. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 22.14 and a beta of 0.65.

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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.

Institutional Ownership by Quarter for Spectrum Brands Holdings (NYSE:SPB)

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