Two Sigma Investments LP Makes New Investment in Stoneridge, Inc. (NYSE:SRI)

Two Sigma Investments LP bought a new stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 111,340 shares of the auto parts company's stock, valued at approximately $698,000. Two Sigma Investments LP owned about 0.40% of Stoneridge as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Federated Hermes Inc. bought a new position in shares of Stoneridge during the 4th quarter valued at approximately $25,000. US Bancorp DE increased its position in shares of Stoneridge by 65.2% during 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 last quarter. Quantinno Capital Management LP bought a new position in shares of Stoneridge during the 4th quarter valued at approximately $63,000. SG Americas Securities LLC bought a new position in shares of Stoneridge during the 4th quarter valued at approximately $74,000. Finally, Quantbot Technologies LP purchased a new position in Stoneridge during the 4th quarter valued at $98,000. Institutional investors own 98.07% of the company's stock.

Stoneridge Price Performance

Shares of SRI stock opened at $5.65 on Friday. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. The stock has a market capitalization of $157.19 million, a price-to-earnings ratio of -20.91 and a beta of 1.32. The stock has a fifty day simple moving average of $4.44 and a two-hundred day simple moving average of $5.15. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72.

Stoneridge (NYSE:SRI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share 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 firm had revenue of $217.89 million during the quarter, compared to analysts' expectations of $212.42 million. On average, analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Stoneridge from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Stoneridge in a report on Thursday, May 1st.

Stoneridge Company 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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