Stoneridge, Inc. (NYSE:SRI) Stake Reduced by Teton Advisors Inc.

Teton Advisors Inc. reduced its stake in shares of Stoneridge, Inc. (NYSE:SRI) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,000 shares of the auto parts company’s stock after selling 23,000 shares during the quarter. Teton Advisors Inc.’s holdings in Stoneridge were worth $1,213,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AJOVista LLC bought a new position in Stoneridge during the 4th quarter worth $42,000. Gladius Capital Management LP acquired a new position in Stoneridge during the 4th quarter worth $76,000. New York State Common Retirement Fund boosted its position in Stoneridge by 34.7% during the 3rd quarter. New York State Common Retirement Fund now owns 10,254 shares of the auto parts company’s stock worth $206,000 after acquiring an additional 2,644 shares during the period. Hsbc Holdings PLC acquired a new position in Stoneridge during the 3rd quarter worth $227,000. Finally, Los Angeles Capital Management LLC acquired a new position in Stoneridge during the 3rd quarter worth $256,000. 98.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Kim Korth sold 7,745 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $16.49, for a total value of $127,715.05. Following the completion of the sale, the director now owns 73,227 shares in the company, valued at $1,207,513.23. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Stoneridge from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Stoneridge Stock Performance

SRI stock traded down $0.62 during trading on Tuesday, reaching $15.00. 115,507 shares of the company’s stock were exchanged, compared to its average volume of 98,578. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.66. Stoneridge, Inc. has a 1-year low of $14.18 and a 1-year high of $24.51. The company’s fifty day moving average price is $16.91 and its 200-day moving average price is $17.33. The firm has a market cap of $415.05 million, a PE ratio of -78.94 and a beta of 1.39.

Stoneridge (NYSE:SRI) last announced its quarterly earnings data on Wednesday, February 28th. The auto parts company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $229.50 million during the quarter, compared to analyst estimates of $234.20 million. Stoneridge had a negative return on equity of 0.72% and a negative net margin of 0.53%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, research analysts expect that Stoneridge, Inc. will post 0.3 EPS 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.