ArrowMark Colorado Holdings LLC Decreases Stock Position in Stoneridge, Inc. (NYSE:SRI)

ArrowMark Colorado Holdings LLC cut its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 40.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 879,371 shares of the auto parts company's stock after selling 598,514 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 3.18% of Stoneridge worth $5,514,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Federated Hermes Inc. bought a new position in Stoneridge during the 4th quarter worth about $25,000. US Bancorp DE grew its stake in Stoneridge by 65.2% during the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after buying an additional 2,679 shares during the last quarter. SG Americas Securities LLC acquired a new position in Stoneridge during the 4th quarter valued at about $74,000. Quantbot Technologies LP purchased a new stake in Stoneridge in the fourth quarter valued at about $98,000. Finally, Wells Fargo & Company MN raised its stake in Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock valued at $100,000 after buying an additional 3,490 shares during the last quarter. Hedge funds and other institutional investors own 98.07% of the company's stock.

Stoneridge Stock Up 2.0 %

Shares of Stoneridge stock traded up $0.09 during trading hours on Tuesday, reaching $4.40. 726,214 shares of the company were exchanged, compared to its average volume of 270,069. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The firm has a market cap of $122.38 million, a PE ratio of -16.28 and a beta of 1.22. The stock's fifty day moving average is $4.54 and its 200 day moving average is $5.60. Stoneridge, Inc. has a 1 year low of $3.54 and a 1 year high of $18.40.

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

Wall Street Analyst Weigh In

SRI has been the topic of several research analyst reports. Barrington Research reiterated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a research note on Thursday, May 1st. StockNews.com lowered shares of Stoneridge from a "buy" rating to a "hold" rating in a report on Monday.

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.