Superior Industries International (NYSE:SUP) Upgraded at StockNews.com

StockNews.com upgraded shares of Superior Industries International (NYSE:SUPGet Rating) from a hold rating to a buy rating in a research note released on Tuesday.

NYSE SUP opened at $3.81 on Tuesday. The firm has a market capitalization of $102.31 million, a price-to-earnings ratio of -2.91 and a beta of 4.31. The stock’s 50-day simple moving average is $4.12. Superior Industries International has a one year low of $3.11 and a one year high of $9.72.

Superior Industries International (NYSE:SUPGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The auto parts company reported ($0.40) earnings per share (EPS) for the quarter. The firm had revenue of $368.30 million for the quarter, compared to the consensus estimate of $283.67 million. Superior Industries International had a negative return on equity of 8.01% and a net margin of 0.05%.

In other news, major shareholder Mill Road Capital Iii, L.P. acquired 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was acquired at an average cost of $5.00 per share, for a total transaction of $110,000.00. Following the completion of the acquisition, the insider now owns 3,567,867 shares in the company, valued at $17,839,335. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have purchased 29,300 shares of company stock valued at $146,500. 6.50% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Barclays PLC grew its stake in Superior Industries International by 295.0% in the third quarter. Barclays PLC now owns 4,298 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 3,210 shares in the last quarter. Columbia Advisory Partners LLC bought a new position in Superior Industries International in the fourth quarter valued at approximately $46,000. BNP Paribas Arbitrage SA grew its stake in Superior Industries International by 10,570.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 16,005 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 15,855 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Superior Industries International in the third quarter valued at approximately $78,000. Finally, Trexquant Investment LP bought a new position in Superior Industries International in the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 76.76% of the company’s stock.

About Superior Industries International (Get Rating)

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. The company supplies aluminum wheels to the automobile and light truck manufacturers. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.

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