Cubist Systematic Strategies LLC Purchases 119,665 Shares of Stoneridge, Inc. (NYSE:SRI)

Cubist Systematic Strategies LLC grew its holdings in Stoneridge, Inc. (NYSE:SRI - Free Report) by 167.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 190,984 shares of the auto parts company's stock after buying an additional 119,665 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.69% of Stoneridge worth $1,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SRI. AYAL Capital Advisors Ltd increased its position in Stoneridge by 264.2% in the fourth quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company's stock worth $5,790,000 after purchasing an additional 669,935 shares during the period. Raymond James Financial Inc. acquired a new stake in Stoneridge in the fourth quarter worth about $2,180,000. 22NW LP acquired a new stake in Stoneridge in the fourth quarter worth about $2,149,000. JPMorgan Chase & Co. increased its position in Stoneridge by 380.6% in the fourth quarter. JPMorgan Chase & Co. now owns 272,460 shares of the auto parts company's stock worth $1,708,000 after purchasing an additional 215,764 shares during the period. Finally, Trexquant Investment LP increased its position in Stoneridge by 383.4% in the fourth quarter. Trexquant Investment LP now owns 224,193 shares of the auto parts company's stock worth $1,406,000 after purchasing an additional 177,814 shares during the period. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Stoneridge Trading Up 5.3%

Shares of Stoneridge stock traded up $0.26 during trading on Friday, hitting $5.26. 261,515 shares of the company were exchanged, compared to its average volume of 281,659. The firm has a market capitalization of $146.55 million, a P/E ratio of -19.49 and a beta of 1.22. Stoneridge, Inc. has a 1-year low of $3.54 and a 1-year high of $18.40. The firm's fifty day moving average price is $4.42 and its 200 day moving average price is $5.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40.

Stoneridge (NYSE:SRI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SRI has been the subject of a number of research reports. StockNews.com upgraded Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday. Barrington Research reiterated an "outperform" rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Thursday, May 1st.

About Stoneridge

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.