SG Americas Securities LLC Reduces Position in Stoneridge, Inc. (NYSE:SRI)

SG Americas Securities LLC cut its position in shares of Stoneridge, Inc. (NYSE:SRI – Get Rating) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,803 shares of the auto parts company’s stock after selling 841 shares during the period. SG Americas Securities LLC’s holdings in Stoneridge were worth $190,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates raised its stake in shares of Stoneridge by 14.0% during the 3rd quarter. Raymond James & Associates now owns 12,503 shares of the auto parts company’s stock worth $212,000 after acquiring an additional 1,534 shares in the last quarter. Brinker Capital Investments LLC raised its stake in shares of Stoneridge by 25.2% during the 3rd quarter. Brinker Capital Investments LLC now owns 30,778 shares of the auto parts company’s stock worth $522,000 after acquiring an additional 6,186 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Stoneridge by 2.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 800,353 shares of the auto parts company’s stock worth $13,566,000 after acquiring an additional 16,695 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Stoneridge by 173.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,205 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 1,398 shares in the last quarter. Finally, EVR Research LP increased its stake in Stoneridge by 105.2% during the 3rd quarter. EVR Research LP now owns 112,833 shares of the auto parts company’s stock valued at $1,913,000 after purchasing an additional 57,833 shares in the last quarter. 97.54% of the stock is owned by hedge funds and other institutional investors.

Stoneridge Stock Performance

NYSE:SRI opened at $15.26 on Friday. The company’s 50-day moving average price is $18.20 and its 200-day moving average price is $21.22. The company has a current ratio of 2.09, a quick ratio of 1.26 and a debt-to-equity ratio of 0.61. The company has a market cap of $419.80 million, a P/E ratio of -30.52 and a beta of 1.35. Stoneridge, Inc. has a twelve month low of $15.11 and a twelve month high of $25.87.

Stoneridge (NYSE:SRI – Get Rating) last issued its earnings results on Wednesday, May 3rd. The auto parts company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. Stoneridge had a negative net margin of 1.49% and a negative return on equity of 3.91%. The company had revenue of $241.30 million for the quarter, compared to the consensus estimate of $224.79 million. During the same period in the previous year, the firm earned ($0.27) earnings per share. Stoneridge’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that Stoneridge, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on SRI shares. StockNews.com lowered shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Stephens reissued an “overweight” rating and set a $27.00 price target on shares of Stoneridge in a report on Thursday, March 2nd.

Stoneridge Company Profile

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Stoneridge, Inc engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil.