Superior Industries International Inc (NYSE:SUP) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 644,800 shares, a decline of 22.6% from the September 30th total of 832,900 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average trading volume of 454,700 shares, the short-interest ratio is currently 1.4 days.
Large investors have recently modified their holdings of the stock. D. E. Shaw & Co. Inc. boosted its holdings in Superior Industries International by 24.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 63,211 shares of the auto parts company’s stock worth $219,000 after purchasing an additional 12,385 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Superior Industries International during the 2nd quarter worth $521,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Superior Industries International during the 2nd quarter worth $194,000. Invesco Ltd. lifted its position in Superior Industries International by 29.2% during the 2nd quarter. Invesco Ltd. now owns 695,812 shares of the auto parts company’s stock worth $2,408,000 after acquiring an additional 157,374 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Superior Industries International by 3,761.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 532,476 shares of the auto parts company’s stock worth $1,799,000 after acquiring an additional 518,686 shares during the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.
NYSE:SUP traded up $0.10 during trading hours on Friday, reaching $2.90. The company’s stock had a trading volume of 146,772 shares, compared to its average volume of 269,782. The company has a market cap of $71.36 million, a price-to-earnings ratio of -58.00 and a beta of 1.86. Superior Industries International has a one year low of $2.26 and a one year high of $8.80. The business’s 50-day moving average is $2.91 and its 200-day moving average is $3.29. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 1.02.
Superior Industries International (NYSE:SUP) last issued its quarterly earnings data on Monday, November 4th. The auto parts company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.14. The firm had revenue of $352.00 million during the quarter, compared to analysts’ expectations of $336.93 million. Superior Industries International had a net margin of 0.74% and a return on equity of 0.94%. Superior Industries International’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.37) earnings per share. On average, sell-side analysts predict that Superior Industries International will post -0.58 EPS for the current fiscal year.
Several equities analysts have recently commented on SUP shares. Zacks Investment Research cut shares of Superior Industries International from a “hold” rating to a “sell” rating and set a $3.25 price target on the stock. in a report on Monday, October 14th. ValuEngine cut shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. BWS Financial set a $6.00 price objective on shares of Superior Industries International and gave the stock a “hold” rating in a report on Tuesday, September 24th. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective (down from $15.00) on shares of Superior Industries International in a report on Monday, August 12th. Finally, B. Riley set a $7.00 price objective on shares of Superior Industries International and gave the stock a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.81.
About Superior Industries International
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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