Pzena Investment Management Reduces $5M in Spectrum Brands Holdings, Inc. ($SPB)
Key Points
- Pzena Investment Management changed its Spectrum Brands Holdings, Inc. ($SPB) stake by 2.6% last quarter, cutting to 2,338,423 shares worth $194.79 million.
- Wall Street's consensus rating on $SPB is Buy and an average price target of $87.43.
- $SPB last traded around $83.30.
Pzena Investment Management trimmed its position in Spectrum Brands Holdings, Inc. ($SPB) by 2.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,338,423 shares of Spectrum Brands Holdings, Inc. after selling 63,525 shares during the quarter. Pzena Investment Management's holdings in Spectrum Brands Holdings, Inc. were worth $194.79 million as of its most recent filing.
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About Spectrum Brands Holdings, Inc.
Spectrum Brands Holdings, Inc. operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, Latin America, and Asia-Pacific regions. The company operates through three segments: Home and Personal Care (HPC); Global Pet Care (GPC); and Home and Garden (H&G). The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Juiceman, and Breadman brands; and personal care products under the Remington brand. The GPC segment provides Rawhide chews, dog and cat clean-up, training, health and grooming products, small animal food and care products, rawhide-free dog and cat treats, and wet and dry pet food for dogs and cats under the Good'n'Fun, DreamBone, Good Boy, SmartBones, IAMS, EUKANUBA, Nature's Miracle, FURminator, Dingo, 8IN1, Better Belly, Meowee!, and Wild Harvest brands. This segment also offers aquarium kits, stand-alone tanks, and aquatics equipment and consumables under the Tetra, Marineland, Instant Ocean, GloFish, and OmegaSea brands. The H&G segment provides outdoor insect and weed control solutions, and animal repellents under the Spectracide, Garden Safe, Liquid Fence, and EcoLogic brands; household pest control solutions under the Hot Shot and Black Flag brands; household surface cleaning, maintenance, and restoration products, including bottled liquids, mops, wipes, and markers under the Rejuvenate brand; and personal-use pesticides and insect repellent products under the Cutter and Repel brands. It sells its products through retailers, e-commerce and online retailers, wholesalers, and distributors. Spectrum Brands Holdings, Inc. was founded in 1906 and is based in Middleton, Wisconsin.
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