Nomura Holdings Inc. Sells 58,101 Shares of Monro, Inc. (NASDAQ:MNRO)

Nomura Holdings Inc. decreased its stake in Monro, Inc. (NASDAQ:MNRO) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,032,981 shares of the auto parts company’s stock after selling 58,101 shares during the quarter. Nomura Holdings Inc. owned 3.45% of Monro worth $25,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MNRO. Pacer Advisors Inc. acquired a new position in Monro in the fourth quarter valued at about $28,899,000. Cooper Creek Partners Management LLC raised its position in shares of Monro by 66.4% during the fourth quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock worth $23,046,000 after purchasing an additional 370,960 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Monro by 34.0% during 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 raised 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 period. Finally, Bridgeway Capital Management LLC acquired a new stake in Monro in the 4th quarter valued at approximately $5,671,000.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wedbush decreased their price target on Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday, April 1st. Stephens upgraded Monro from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $21.00 to $18.00 in a research note on Friday, April 4th. Finally, 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 research note on Monday, April 28th.

Monro Stock Performance

Shares of NASDAQ MNRO opened at $12.78 on Wednesday. The stock has a 50 day moving average of $14.96 and a 200-day moving average of $20.73. The company has a market capitalization of $382.75 million, a P/E ratio of 19.97, a P/E/G ratio of 2.05 and a beta of 0.95. Monro, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.

Monro Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 8.76%. Monro’s dividend payout ratio (DPR) is presently 175.00%.

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.