American Century Companies Inc. Increases Stock Holdings in Stoneridge, Inc. $SRI

American Century Companies Inc. boosted its stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 10.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 353,316 shares of the auto parts company's stock after buying an additional 32,829 shares during the period. American Century Companies Inc. owned 1.27% of Stoneridge worth $1,622,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SRI. Millennium Management LLC grew its holdings in shares of Stoneridge by 440.8% during the 4th quarter. Millennium Management LLC now owns 926,540 shares of the auto parts company's stock worth $5,809,000 after purchasing an additional 755,223 shares during the period. Federated Hermes Inc. raised its position in Stoneridge by 17,284.9% in the 1st quarter. Federated Hermes Inc. now owns 706,347 shares of the auto parts company's stock valued at $3,242,000 after purchasing an additional 702,284 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Stoneridge by 405.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 699,838 shares of the auto parts company's stock valued at $4,388,000 after purchasing an additional 561,488 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Stoneridge by 152.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 449,453 shares of the auto parts company's stock valued at $2,818,000 after purchasing an additional 271,205 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Stoneridge by 366.2% during the 1st quarter. GSA Capital Partners LLP now owns 273,563 shares of the auto parts company's stock worth $1,256,000 after acquiring an additional 214,888 shares in the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barrington Research reissued an "outperform" rating and set a $16.00 target price on shares of Stoneridge in a research report on Wednesday, August 20th. Wall Street Zen upgraded Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $16.00.

Stoneridge Price Performance

Shares of NYSE SRI traded down $0.29 during trading on Friday, reaching $8.05. The company had a trading volume of 159,017 shares, compared to its average volume of 206,055. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $13.18. The stock has a market capitalization of $225.45 million, a PE ratio of -7.45 and a beta of 1.50. The stock has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $5.93. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 0.63.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The auto parts company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.16). Stoneridge had a negative return on equity of 9.24% and a negative net margin of 3.39%.The company had revenue of $227.95 million during the quarter, compared to analyst estimates of $219.90 million. As a group, sell-side analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

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.