22Nw LP Invests $2.15 Million in Stoneridge, Inc. (NYSE:SRI)

22NW LP acquired a new stake in Stoneridge, Inc. (NYSE:SRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 342,787 shares of the auto parts company's stock, valued at approximately $2,149,000. Stoneridge accounts for 1.5% of 22NW LP's investment portfolio, making the stock its 12th biggest position. 22NW LP owned about 1.24% of Stoneridge as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Walleye Capital LLC lifted its stake in shares of Stoneridge by 369.9% in 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 position in Stoneridge by 296.0% in 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 period. Barclays PLC boosted its holdings in Stoneridge by 51.3% in the 3rd quarter. Barclays PLC now owns 65,044 shares of the auto parts company's stock valued at $727,000 after purchasing an additional 22,052 shares in the last quarter. Jane Street Group LLC increased its position in Stoneridge by 218.3% during the 3rd quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company's stock worth $780,000 after purchasing an additional 47,829 shares during the period. Finally, Amundi purchased a new position in shares of Stoneridge during the 4th quarter worth approximately $134,000. 98.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SRI. StockNews.com upgraded Stoneridge from a "hold" rating to a "buy" rating in a research note on Saturday, March 29th. Barrington Research reiterated an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Thursday.

Stoneridge Price Performance

Shares of NYSE SRI traded up $0.21 during trading on Friday, reaching $4.36. The company had a trading volume of 485,626 shares, compared to its average volume of 267,922. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $121.40 million, a PE ratio of -16.15 and a beta of 1.26. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. The stock has a 50-day moving average price of $4.54 and a two-hundred day moving average price of $5.64.

Stoneridge (NYSE:SRI - Get Free Report) last released its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). The firm had revenue of $217.89 million during the quarter, compared to analysts' expectations 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 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.