Two Sigma Investments LP Takes Position in Stoneridge, Inc. (NYSE:SRI)

Two Sigma Investments LP acquired a new stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 111,340 shares of the auto parts company's stock, valued at approximately $698,000. Two Sigma Investments LP owned 0.40% of Stoneridge at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SRI. Federated Hermes Inc. bought a new position in Stoneridge in the 4th quarter worth approximately $25,000. US Bancorp DE boosted its stake in Stoneridge by 65.2% in the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after purchasing an additional 2,679 shares during the period. Quantinno Capital Management LP bought a new position in Stoneridge in the 4th quarter worth approximately $63,000. SG Americas Securities LLC bought a new position in Stoneridge in the 4th quarter worth approximately $74,000. Finally, Quantbot Technologies LP bought a new position in Stoneridge in the 4th quarter worth approximately $98,000. 98.07% of the stock is currently owned by institutional investors.

Stoneridge Trading Down 1.8%

SRI stock traded down $0.12 during mid-day trading on Wednesday, reaching $6.24. 198,219 shares of the stock traded hands, compared to its average volume of 287,452. 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, Inc. has a one year low of $3.54 and a one year high of $18.40. The stock has a market capitalization of $173.62 million, a PE ratio of -23.09 and a beta of 1.32. The business has a 50-day moving average price of $4.51 and a two-hundred day moving average price of $5.14.

Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. Equities research analysts expect that Stoneridge, Inc. will post -0.42 EPS for the current year.

Analyst Upgrades and Downgrades

SRI has been the subject of a number of research reports. Wall Street Zen upgraded Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Barrington Research reiterated an "outperform" rating and set a $16.00 target price on shares of Stoneridge in a research report 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.