AYAL Capital Advisors Ltd Has $5.79 Million Position in Stoneridge, Inc. (NYSE:SRI)

AYAL Capital Advisors Ltd grew its position in Stoneridge, Inc. (NYSE:SRI - Free Report) by 264.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 923,494 shares of the auto parts company's stock after purchasing an additional 669,935 shares during the quarter. Stoneridge makes up approximately 1.5% of AYAL Capital Advisors Ltd's portfolio, making the stock its 17th largest holding. AYAL Capital Advisors Ltd owned 3.34% of Stoneridge worth $5,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Stoneridge in the fourth quarter worth about $2,180,000. 22NW LP bought a new position in Stoneridge in the 4th quarter worth approximately $2,149,000. JPMorgan Chase & Co. lifted its holdings in shares of Stoneridge by 380.6% during the fourth quarter. JPMorgan Chase & Co. now owns 272,460 shares of the auto parts company's stock worth $1,708,000 after buying an additional 215,764 shares during the last quarter. Trexquant Investment LP boosted its position in shares of Stoneridge by 383.4% in the fourth quarter. Trexquant Investment LP now owns 224,193 shares of the auto parts company's stock valued at $1,406,000 after acquiring an additional 177,814 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Stoneridge by 230.8% in the fourth quarter. Renaissance Technologies LLC now owns 246,100 shares of the auto parts company's stock worth $1,543,000 after acquiring an additional 171,700 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Stoneridge Price Performance

NYSE SRI traded down $0.01 during trading hours on Wednesday, reaching $4.38. 201,892 shares of the company's stock were exchanged, compared to its average volume of 269,797. The firm has a fifty day moving average of $4.52 and a 200-day moving average of $5.59. Stoneridge, Inc. has a one year low of $3.54 and a one year high of $18.40. The stock has a market cap of $121.96 million, a PE ratio of -16.22 and a beta of 1.22. 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 - Get Free Report) last issued 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). The company had revenue of $217.89 million during the quarter, compared to analyst estimates of $212.42 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. On average, equities research analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal 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.