Susquehanna International Group LLP Sells 354,860 Shares of Stoneridge, Inc. $SRI

Susquehanna International Group LLP decreased its stake in Stoneridge, Inc. (NYSE:SRI) by 97.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,150 shares of the auto parts company’s stock after selling 354,860 shares during the period. Susquehanna International Group LLP’s holdings in Stoneridge were worth $74,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Stoneridge during the 2nd quarter valued at approximately $18,734,000. Arrowstreet Capital Limited Partnership lifted its stake in Stoneridge by 285.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 518,105 shares of the auto parts company’s stock valued at $3,948,000 after purchasing an additional 383,805 shares during the last quarter. AQR Capital Management LLC grew its holdings in Stoneridge by 213.7% during the first quarter. AQR Capital Management LLC now owns 533,470 shares of the auto parts company’s stock valued at $2,449,000 after purchasing an additional 363,407 shares during the period. Man Group plc bought a new position in Stoneridge during the second quarter valued at $2,049,000. Finally, Russell Investments Group Ltd. increased its position in Stoneridge by 50.0% in the fourth quarter. Russell Investments Group Ltd. now owns 575,670 shares of the auto parts company’s stock worth $3,333,000 after buying an additional 191,953 shares during the last quarter. 98.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a research note on Wednesday, June 24th. Zacks Research upgraded Stoneridge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Stoneridge presently has a consensus rating of “Reduce” and an average price target of $16.00.

Insider Activity at Stoneridge

In related news, CFO Scott Humphrey bought 6,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $7.01 per share, for a total transaction of $42,060.00. Following the purchase, the chief financial officer directly owned 6,000 shares in the company, valued at $42,060. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Natalia Noblet bought 5,000 shares of Stoneridge stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $7.31 per share, with a total value of $36,550.00. Following the acquisition, the chief executive officer directly owned 5,000 shares in the company, valued at approximately $36,550. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 16,000 shares of company stock worth $115,910. 11.00% of the stock is owned by company insiders.

Stoneridge Stock Down 1.4%

SRI opened at $7.13 on Friday. Stoneridge, Inc. has a 12 month low of $4.60 and a 12 month high of $9.71. The company has a market cap of $203.35 million, a PE ratio of -1.67 and a beta of 1.88. The company has a current ratio of 1.89, a quick ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average of $7.18 and a 200 day moving average of $6.96.

Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, August 5th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.26). The business had revenue of $181.38 million for the quarter, compared to the consensus estimate of $161.85 million. Stoneridge had a negative net margin of 15.64% and a negative return on equity of 24.91%. On average, sell-side analysts expect that Stoneridge, Inc. will post -0.82 EPS for the current year.

Stoneridge Profile

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.