PharVision Advisers LLC Buys Shares of 62,573 Stoneridge, Inc. (NYSE:SRI)

PharVision Advisers LLC bought a new stake in Stoneridge, Inc. (NYSE:SRI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 62,573 shares of the auto parts company's stock, valued at approximately $392,000. PharVision Advisers LLC owned about 0.23% of Stoneridge at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Federated Hermes Inc. bought a new position in Stoneridge in the fourth quarter valued at approximately $25,000. US Bancorp DE lifted its stake in shares of Stoneridge by 65.2% in the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock valued at $43,000 after purchasing an additional 2,679 shares during the period. Quantinno Capital Management LP bought a new position in shares of Stoneridge in the 4th quarter worth $63,000. SG Americas Securities LLC acquired a new stake in shares of Stoneridge during the fourth quarter worth $74,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Stoneridge during the fourth quarter worth $98,000. Institutional investors and hedge funds own 98.07% of the company's stock.

Stoneridge Trading Down 6.7%

SRI opened at $5.04 on Wednesday. The firm's fifty day moving average is $4.43 and its two-hundred day moving average is $5.31. The firm has a market cap of $140.34 million, a PE ratio of -18.67 and a beta of 1.22. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. Equities research analysts anticipate that Stoneridge, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

SRI has been the topic of several analyst reports. StockNews.com raised Stoneridge from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Stoneridge in a research note on Thursday, May 1st.

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.

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