Spectrum Brands Holdings, Inc. (NYSE:SPB) was the recipient of unusually large options trading activity on Wednesday. Traders bought 4,602 call options on the stock. This is an increase of Infinity compared to the typical volume of 0 call options.

Large investors have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Spectrum Brands Holdings during the 2nd quarter valued at about $100,000. Daiwa Securities Group Inc. increased its stake in Spectrum Brands Holdings by 33.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 800 shares of the company’s stock valued at $100,000 after purchasing an additional 200 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Spectrum Brands Holdings during the 2nd quarter valued at about $113,000. FNY Partners Fund LP bought a new stake in Spectrum Brands Holdings during the 2nd quarter valued at about $187,000. Finally, SG Americas Securities LLC increased its stake in Spectrum Brands Holdings by 50.6% during the 2nd quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after purchasing an additional 533 shares in the last quarter. Institutional investors and hedge funds own 46.11% of the company’s stock.

Spectrum Brands Holdings (NYSE:SPB) opened at $104.04 on Friday. Spectrum Brands Holdings has a 12-month low of $98.11 and a 12-month high of $146.09. The stock has a market cap of $6.04 billion, a PE ratio of 18.88, a P/E/G ratio of 1.68 and a beta of 0.75. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.88.

SPB has been the subject of several research analyst reports. Zacks Investment Research cut shares of 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 target price on shares of Spectrum Brands Holdings and gave the stock a “buy” rating in a research report on Friday, July 28th. Canaccord Genuity reissued a “buy” rating on shares of Spectrum Brands Holdings in a research report on Thursday, September 28th. BidaskClub cut shares of Spectrum Brands Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $143.00 price target on shares of Spectrum Brands Holdings in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $140.13.

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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.

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