Monro, Inc. (NASDAQ:MNRO) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC lessened its position in Monro, Inc. (NASDAQ:MNRO) by 89.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,920 shares of the auto parts company’s stock after selling 15,980 shares during the period. Aquatic Capital Management LLC’s holdings in Monro were worth $48,000 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. Wealthfront Advisers LLC acquired a new stake in Monro in the fourth quarter valued at about $52,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Monro in the 4th quarter valued at approximately $156,000. Bleakley Financial Group LLC boosted its stake in shares of Monro by 17.9% in the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock valued at $246,000 after buying an additional 1,506 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in shares of Monro in the fourth quarter valued at approximately $263,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Monro during the fourth quarter worth $272,000.

Analyst Ratings Changes

A number of research firms have commented on MNRO. Wells Fargo & Company reduced their target price on Monro from $20.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Wedbush decreased their price objective on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st. Finally, Stephens upgraded shares of Monro from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $21.00 to $18.00 in a research report on Friday, April 4th.

Monro Stock Down 3.0 %

Monro stock opened at $13.35 on Wednesday. Monro, Inc. has a fifty-two week low of $13.32 and a fifty-two week high of $31.49. The firm has a market capitalization of $399.94 million, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The stock’s fifty day moving average is $15.40 and its two-hundred day moving average is $21.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.19 and a current ratio of 0.54.

Monro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were paid a $0.28 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 8.39%. Monro’s payout ratio is 175.00%.

Monro Company 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.