Navellier & Associates Inc. Cuts Holdings in Hamilton Beach Brands Holding (NYSE:HBB)

Navellier & Associates Inc. cut its position in shares of Hamilton Beach Brands Holding (NYSE:HBB) by 42.1% during the 3rd quarter, Holdings Channel reports. The firm owned 15,698 shares of the company’s stock after selling 11,435 shares during the quarter. Navellier & Associates Inc.’s holdings in Hamilton Beach Brands were worth $478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new position in Hamilton Beach Brands in the second quarter valued at about $178,000. Sei Investments Co. purchased a new position in Hamilton Beach Brands in the second quarter valued at about $181,000. Lazard Asset Management LLC boosted its stake in Hamilton Beach Brands by 4,150.3% in the first quarter. Lazard Asset Management LLC now owns 8,033 shares of the company’s stock valued at $195,000 after acquiring an additional 7,844 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Hamilton Beach Brands in the second quarter valued at about $204,000. Finally, D Orazio & Associates Inc. purchased a new position in Hamilton Beach Brands in the third quarter valued at about $242,000. 50.55% of the stock is currently owned by hedge funds and other institutional investors.

Hamilton Beach Brands Stock Down 1.2 %

HBB opened at $19.15 on Friday. The stock has a market cap of $262.36 million, a price-to-earnings ratio of 10.19 and a beta of 0.94. Hamilton Beach Brands Holding has a twelve month low of $13.92 and a twelve month high of $31.78. The company’s 50-day moving average price is $27.47 and its two-hundred day moving average price is $23.40.

Hamilton Beach Brands (NYSE:HBB) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.14 EPS for the quarter. The company had revenue of $156.67 million for the quarter. Hamilton Beach Brands had a net margin of 4.06% and a return on equity of 17.90%.

Hamilton Beach Brands Profile

Hamilton Beach Brands Holding Company, together with its subsidiaries, designs, markets, and distributes small electric household and specialty housewares appliances in the United States and internationally. It offers air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens.