GSA Capital Partners LLP Has $740,000 Stock Holdings in Stoneridge, Inc. (NYSE:SRI)

GSA Capital Partners LLP lowered its stake in Stoneridge, Inc. (NYSE:SRI) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,111 shares of the auto parts company’s stock after selling 2,089 shares during the quarter. GSA Capital Partners LLP owned approximately 0.24% of Stoneridge worth $740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE acquired a new position in shares of Stoneridge during the 3rd quarter worth approximately $46,000. nVerses Capital LLC bought a new position in shares of Stoneridge in the third quarter valued at $59,000. Olympiad Research LP acquired a new position in Stoneridge during the third quarter worth $121,000. XTX Topco Ltd bought a new stake in Stoneridge during the second quarter worth $176,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Stoneridge by 12.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the auto parts company’s stock valued at $181,000 after acquiring an additional 1,226 shares during the last quarter. Institutional investors own 98.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SRI shares. Barrington Research restated an “outperform” rating and set a $16.00 price objective on shares of Stoneridge in a research note on Thursday, October 31st. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.

Stoneridge Stock Performance

SRI stock opened at $6.60 on Monday. Stoneridge, Inc. has a one year low of $6.49 and a one year high of $19.91. The stock has a market cap of $182.75 million, a price-to-earnings ratio of -24.44 and a beta of 1.36. The company has a fifty day moving average price of $9.81 and a two-hundred day moving average price of $13.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.32). The company had revenue of $213.80 million for the quarter, compared to the consensus estimate of $229.60 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. Equities analysts anticipate that Stoneridge, Inc. will post -0.38 EPS for the current year.

About Stoneridge

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.