Jane Street Group LLC Reduces Holdings in Monro, Inc. (NASDAQ:MNRO)

Jane Street Group LLC lowered its position in Monro, Inc. (NASDAQ:MNRO) by 60.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,105 shares of the auto parts company’s stock after selling 65,793 shares during the quarter. Jane Street Group LLC owned about 0.14% of Monro worth $1,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. bought a new stake in shares of Monro during the 4th quarter worth approximately $28,899,000. Cooper Creek Partners Management LLC grew its position in Monro by 66.4% in the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock valued at $23,046,000 after acquiring an additional 370,960 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Monro by 34.0% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company’s stock worth $29,594,000 after purchasing an additional 302,515 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Monro by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company’s stock worth $39,957,000 after purchasing an additional 253,518 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Monro during the fourth quarter valued at $3,561,000.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Monro from $20.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Stephens raised Monro from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wedbush dropped their price target on Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 1st.

Monro Stock Down 9.8%

Shares of MNRO stock opened at $12.37 on Thursday. The stock’s fifty day moving average price is $14.57 and its 200 day moving average price is $20.18. Monro, Inc. has a 1-year low of $12.20 and a 1-year high of $31.49. The company has a market cap of $370.47 million, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19.

Monro Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.