R Squared Ltd Takes $80,000 Position in Stoneridge, Inc. $SRI

R Squared Ltd bought a new stake in shares of Stoneridge, Inc. (NYSE:SRI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 11,352 shares of the auto parts company’s stock, valued at approximately $80,000.

Several other large investors have also recently made changes to their positions in the business. Quantbot Technologies LP increased its position in shares of Stoneridge by 27.6% during the 1st quarter. Quantbot Technologies LP now owns 19,984 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 4,318 shares during the last quarter. CWM LLC increased its position in shares of Stoneridge by 38.4% during the 2nd quarter. CWM LLC now owns 17,783 shares of the auto parts company’s stock valued at $125,000 after purchasing an additional 4,934 shares during the last quarter. XTX Topco Ltd increased its position in shares of Stoneridge by 9.3% during the 1st quarter. XTX Topco Ltd now owns 97,918 shares of the auto parts company’s stock valued at $449,000 after purchasing an additional 8,326 shares during the last quarter. Strs Ohio purchased a new stake in shares of Stoneridge during the 1st quarter valued at $39,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Stoneridge during the 2nd quarter valued at $92,000. 98.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Stoneridge in a report on Friday. Barrington Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.00.

Stoneridge Stock Up 3.3%

Shares of NYSE SRI opened at $7.41 on Monday. Stoneridge, Inc. has a 52 week low of $3.54 and a 52 week high of $9.66. The business has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $6.59. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 0.63. The company has a market cap of $207.53 million, a P/E ratio of -6.86 and a beta of 1.47.

Stoneridge (NYSE:SRI) last issued its earnings results on Wednesday, August 6th. The auto parts company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.16). The company had revenue of $227.95 million during the quarter, compared to the consensus estimate of $219.90 million. Stoneridge had a negative return on equity of 9.24% and a negative net margin of 3.39%. Research analysts anticipate that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Stoneridge Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.