Northern Trust Corp boosted its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,681 shares of the auto parts company's stock after purchasing an additional 20,831 shares during the period. Northern Trust Corp owned about 1.11% of Monro worth $8,250,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in shares of Monro during the 4th quarter worth about $52,000. Quarry LP raised its holdings in Monro by 84.5% during the fourth quarter. Quarry LP now owns 4,918 shares of the auto parts company's stock worth $122,000 after acquiring an additional 2,252 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Monro during the fourth quarter worth about $156,000. Bleakley Financial Group LLC boosted its position in Monro by 17.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company's stock valued at $246,000 after purchasing an additional 1,506 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in Monro in the fourth quarter valued at approximately $263,000.
Monro Stock Performance
NASDAQ:MNRO traded down $0.14 on Friday, hitting $12.66. The company's stock had a trading volume of 916,749 shares, compared to its average volume of 693,921. Monro, Inc. has a one year low of $12.20 and a one year high of $31.49. The firm has a market capitalization of $379.15 million, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.95. The stock has a fifty day moving average of $14.41 and a two-hundred day moving average of $19.91. The company has a current ratio of 0.54, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MNRO shares. Wedbush dropped their price objective on Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Wells Fargo & Company decreased their target price on shares of Monro from $20.00 to $15.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Stephens raised shares of Monro from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $21.00 to $18.00 in a research report on Friday, April 4th.
Read Our Latest Report on Monro
Monro Company Profile
(
Free Report)
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
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