SG Americas Securities LLC Invests $52,000 in Superior Industries International, Inc. (NYSE:SUP)

SG Americas Securities LLC purchased a new position in Superior Industries International, Inc. (NYSE:SUP – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,400 shares of the auto parts company’s stock, valued at approximately $52,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in shares of Superior Industries International during the 3rd quarter worth $28,000. Marshall Wace LLP bought a new position in Superior Industries International during the 3rd quarter worth about $32,000. Atria Wealth Solutions Inc. purchased a new position in Superior Industries International during the 1st quarter valued at about $52,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Superior Industries International in the 3rd quarter valued at about $35,000. Finally, Bailard Inc. purchased a new stake in shares of Superior Industries International in the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 61.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Superior Industries International in a report on Saturday, May 13th. They set a “strong-buy” rating on the stock.

Superior Industries International Price Performance

Shares of SUP stock opened at $3.54 on Friday. The stock’s 50-day moving average is $4.79 and its 200 day moving average is $4.96. Superior Industries International, Inc. has a 1-year low of $2.88 and a 1-year high of $7.38. The company has a market cap of $98.80 million, a P/E ratio of -6.81 and a beta of 3.90.

Superior Industries International (NYSE:SUP – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The auto parts company reported $0.21 EPS for the quarter. Superior Industries International had a net margin of 1.41% and a negative return on equity of 76.52%. The business had revenue of $402.10 million during the quarter, compared to the consensus estimate of $405.13 million.

Insider Buying and Selling at Superior Industries International

In other news, SVP Parveen Kakar sold 18,845 shares of the firm’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $7.14, for a total value of $134,553.30. Following the completion of the transaction, the senior vice president now directly owns 96,628 shares in the company, valued at $689,923.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Superior Industries International news, insider Kevin Martin Burke sold 60,000 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $6.59, for a total value of $395,400.00. Following the sale, the insider now directly owns 42,932 shares of the company’s stock, valued at $282,921.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Parveen Kakar sold 18,845 shares of Superior Industries International stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $7.14, for a total value of $134,553.30. Following the transaction, the senior vice president now owns 96,628 shares of the company’s stock, valued at approximately $689,923.92. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 122,836 shares of company stock worth $613,532 and have sold 156,805 shares worth $1,023,914. Company insiders own 8.90% of the company’s stock.

Superior Industries International Company Profile

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Superior Industries International, Inc engages in the design and manufacture of aluminum road wheels for passenger cars and light-duty vehicles. It operates through the North America and Europe segments. The company was founded by Louis L. Borick in 1957 and is headquartered in Southfield, MI.