Sandia Investment Management LP Takes Position in Superior Industries International, Inc. (NYSE:SUP)

Sandia Investment Management LP bought a new position in Superior Industries International, Inc. (NYSE:SUP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 75,041 shares of the auto parts company’s stock, valued at approximately $153,000. Sandia Investment Management LP owned about 0.26% of Superior Industries International as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SUP. Proficio Capital Partners LLC purchased a new stake in Superior Industries International during the 4th quarter valued at approximately $153,000. Heron Bay Capital Management bought a new stake in Superior Industries International in the fourth quarter worth $85,000. Nierenberg Investment Management Company Inc. lifted its position in Superior Industries International by 15.5% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company’s stock worth $263,000 after buying an additional 17,238 shares during the last quarter. Rangeley Capital LLC bought a new stake in Superior Industries International in the fourth quarter worth $204,000. Finally, Jane Street Group LLC bought a new stake in shares of Superior Industries International during the fourth quarter worth $88,000. Institutional investors own 56.20% of the company’s stock.

Superior Industries International Stock Down 4.2%

Shares of NYSE SUP opened at $0.54 on Friday. The business’s 50 day moving average price is $2.15 and its 200 day moving average price is $2.15. The firm has a market cap of $16.00 million, a P/E ratio of -0.14 and a beta of 3.32. Superior Industries International, Inc. has a 52 week low of $0.45 and a 52 week high of $3.90.

Superior Industries International (NYSE:SUP) last announced its earnings results on Monday, May 12th. The auto parts company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.39). The firm had revenue of $321.60 million during the quarter, compared to analyst estimates of $307.74 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Superior Industries International from a “hold” rating to a “buy” rating in a report on Tuesday.

Superior Industries International Company Profile

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.