Numerai GP LLC Acquires New Stake in Stoneridge, Inc. (NYSE:SRI)

Numerai GP LLC bought a new position in Stoneridge, Inc. (NYSE:SRI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,218 shares of the auto parts company’s stock, valued at approximately $258,000.

A number of other large investors have also bought and sold shares of SRI. Walleye Capital LLC grew its stake in shares of Stoneridge by 369.9% during the 4th quarter. Walleye Capital LLC now owns 202,905 shares of the auto parts company’s stock worth $1,272,000 after acquiring an additional 159,727 shares during the period. JPMorgan Chase & Co. lifted its holdings in Stoneridge by 296.0% during the third quarter. JPMorgan Chase & Co. now owns 56,696 shares of the auto parts company’s stock valued at $634,000 after purchasing an additional 42,379 shares during the last quarter. Barclays PLC boosted its position in Stoneridge by 51.3% during the third quarter. Barclays PLC now owns 65,044 shares of the auto parts company’s stock worth $727,000 after purchasing an additional 22,052 shares during the period. Amundi purchased a new position in shares of Stoneridge in the fourth quarter worth about $134,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Stoneridge by 246.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,909 shares of the auto parts company’s stock valued at $313,000 after purchasing an additional 35,500 shares during the period. 98.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SRI has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a report on Thursday, May 1st. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a report on Tuesday.

Stoneridge Price Performance

SRI stock opened at $4.96 on Friday. The firm has a 50 day moving average of $4.42 and a 200-day moving average of $5.39. The firm has a market capitalization of $138.11 million, a P/E ratio of -18.37 and a beta of 1.22. Stoneridge, Inc. has a 12 month low of $3.54 and a 12 month high of $18.40. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72.

Stoneridge (NYSE:SRI) last announced its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. As a group, sell-side analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Stoneridge Company 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.