Monro, Inc. (NASDAQ:MNRO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,156 shares of the auto parts company’s stock after selling 713 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of Monro worth $4,798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP grew its stake in Monro by 35.5% in the 1st quarter. Wellington Management Group LLP now owns 1,094,229 shares of the auto parts company’s stock valued at $48,519,000 after acquiring an additional 286,762 shares during the last quarter. Renaissance Technologies LLC grew its stake in Monro by 232.1% in the 1st quarter. Renaissance Technologies LLC now owns 364,679 shares of the auto parts company’s stock valued at $16,170,000 after acquiring an additional 254,876 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Monro by 11.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,324,033 shares of the auto parts company’s stock valued at $57,542,000 after acquiring an additional 134,494 shares during the last quarter. Copeland Capital Management LLC grew its stake in Monro by 12.6% in the 4th quarter. Copeland Capital Management LLC now owns 1,068,796 shares of the auto parts company’s stock valued at $48,309,000 after acquiring an additional 119,584 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in Monro by 71.0% in the 2nd quarter. Citadel Advisors LLC now owns 252,084 shares of the auto parts company’s stock valued at $10,809,000 after acquiring an additional 104,695 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Monro from a “buy” rating to a “hold” rating in a research note on Monday, May 8th.

Monro Price Performance

Monro stock opened at $49.14 on Friday. Monro, Inc. has a 12-month low of $37.49 and a 12-month high of $55.70. The stock has a market capitalization of $1.54 billion, a P/E ratio of 34.36, a P/E/G ratio of 1.80 and a beta of 1.02. The firm’s 50-day moving average is $48.49 and its two-hundred day moving average is $48.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.63 and a quick ratio of 0.30.

Monro Company Profile

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Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.