Gamco Investors INC. ET AL Grows Position in Stoneridge, Inc. (NYSE:SRI)

Gamco Investors INC. ET AL raised its holdings in shares of Stoneridge, Inc. (NYSE:SRIGet Rating) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,865 shares of the auto parts company’s stock after buying an additional 14,365 shares during the quarter. Gamco Investors INC. ET AL owned about 0.92% of Stoneridge worth $4,952,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Stoneridge by 90.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,900 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 900 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Stoneridge by 25.4% during the 3rd quarter. Royal Bank of Canada now owns 4,936 shares of the auto parts company’s stock valued at $101,000 after acquiring an additional 1,000 shares during the last quarter. Citigroup Inc. boosted its position in shares of Stoneridge by 20.0% during the 3rd quarter. Citigroup Inc. now owns 7,037 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 1,175 shares during the last quarter. Isthmus Partners LLC boosted its position in shares of Stoneridge by 3.0% during the 4th quarter. Isthmus Partners LLC now owns 62,048 shares of the auto parts company’s stock valued at $1,225,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Private Capital Management LLC boosted its position in shares of Stoneridge by 0.6% during the 3rd quarter. Private Capital Management LLC now owns 367,563 shares of the auto parts company’s stock valued at $7,495,000 after acquiring an additional 2,315 shares during the last quarter. 99.95% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Jonathan B. Degaynor bought 12,560 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was purchased at an average price of $19.37 per share, with a total value of $243,287.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.

A number of research firms have commented on SRI. Zacks Investment Research cut shares of Stoneridge from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. StockNews.com began coverage on shares of Stoneridge in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Stoneridge stock opened at $18.61 on Monday. Stoneridge, Inc. has a one year low of $13.64 and a one year high of $33.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 2.21. The business has a fifty day moving average of $19.01 and a two-hundred day moving average of $19.42. The company has a market cap of $508.33 million, a P/E ratio of -109.47 and a beta of 1.25.

Stoneridge (NYSE:SRIGet Rating) last released its earnings results on Wednesday, May 4th. The auto parts company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.10. Stoneridge had a negative return on equity of 8.28% and a negative net margin of 0.56%. The company had revenue of $221.00 million during the quarter, compared to the consensus estimate of $194.78 million. During the same quarter last year, the company earned $0.06 earnings per share. Stoneridge’s quarterly revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Stoneridge, Inc. will post -0.14 EPS for the current year.

Stoneridge Company Profile (Get Rating)

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

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Institutional Ownership by Quarter for Stoneridge (NYSE:SRI)

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