Stoneridge, Inc. (NYSE:SRI) Stock Holdings Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 18.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,092 shares of the auto parts company’s stock after buying an additional 10,724 shares during the period. Assenagon Asset Management S.A. owned about 0.25% of Stoneridge worth $317,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Stoneridge by 2,684.5% during the first quarter. GAMMA Investing LLC now owns 6,293 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 6,067 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Stoneridge by 119.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 39,324 shares of the auto parts company’s stock worth $247,000 after purchasing an additional 21,388 shares in the last quarter. PharVision Advisers LLC bought a new stake in Stoneridge in the 4th quarter valued at $392,000. Squarepoint Ops LLC increased its position in shares of Stoneridge by 244.5% in the fourth quarter. Squarepoint Ops LLC now owns 44,071 shares of the auto parts company’s stock valued at $276,000 after acquiring an additional 31,278 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Stoneridge in the fourth quarter valued at about $165,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Stoneridge from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Stoneridge in a report on Wednesday.

Stoneridge Trading Up 2.9%

Shares of SRI stock opened at $6.29 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.52 and a current ratio of 2.39. Stoneridge, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $18.40. The stock has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $5.12. The company has a market cap of $175.04 million, a P/E ratio of -9.82 and a beta of 1.32.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02). The business had revenue of $217.89 million for the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative return on equity of 4.66% and a negative net margin of 1.98%. Research analysts forecast that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.