Stoneridge, Inc. (NYSE:SRI) Stock Position Lessened by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC decreased its holdings in Stoneridge, Inc. (NYSE:SRI - Free Report) by 40.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 879,371 shares of the auto parts company's stock after selling 598,514 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 3.18% of Stoneridge worth $5,514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 worth $727,000 after acquiring an additional 22,052 shares during the period. Virtu Financial LLC purchased a new position in Stoneridge in the 3rd quarter valued at about $146,000. JPMorgan Chase & Co. increased its position in shares of Stoneridge by 296.0% during the third quarter. JPMorgan Chase & Co. now owns 56,696 shares of the auto parts company's stock worth $634,000 after acquiring an additional 42,379 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Stoneridge during the fourth quarter worth about $74,000. Finally, Rhumbline Advisers lifted its stake in shares of Stoneridge by 4.9% in the fourth quarter. Rhumbline Advisers now owns 48,478 shares of the auto parts company's stock worth $304,000 after acquiring an additional 2,274 shares in the last quarter. 98.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Stoneridge from a "buy" rating to a "hold" rating in a research report on Monday. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a research report on Thursday, May 1st.

Stoneridge Stock Performance

Shares of Stoneridge stock traded up $0.12 during trading hours on Friday, reaching $4.57. The company's stock had a trading volume of 223,766 shares, compared to its average volume of 271,842. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. Stoneridge, Inc. has a one year low of $3.54 and a one year high of $18.40. The company's 50 day simple moving average is $4.48 and its 200 day simple moving average is $5.54. The stock has a market cap of $127.25 million, a P/E ratio of -16.93 and a beta of 1.22.

Stoneridge (NYSE:SRI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.02). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $217.89 million for the quarter, compared to analyst estimates of $212.42 million. As a group, analysts expect that Stoneridge, Inc. will post -0.42 EPS 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.