Jacobs Levy Equity Management Inc. Acquires 271,205 Shares of Stoneridge, Inc. (NYSE:SRI)

Jacobs Levy Equity Management Inc. boosted its position in Stoneridge, Inc. (NYSE:SRI - Free Report) by 152.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,453 shares of the auto parts company's stock after acquiring an additional 271,205 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.62% of Stoneridge worth $2,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Cooper Creek Partners Management LLC grew its stake in shares of Stoneridge by 0.7% during the fourth quarter. Cooper Creek Partners Management LLC now owns 1,442,314 shares of the auto parts company's stock valued at $9,043,000 after buying an additional 9,829 shares during the last quarter. Ewing Morris & Co. Investment Partners Ltd. boosted its holdings in Stoneridge by 1.4% during the 4th quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 1,224,273 shares of the auto parts company's stock valued at $7,676,000 after acquiring an additional 16,833 shares during the period. AYAL Capital Advisors Ltd grew its position in Stoneridge by 264.2% during the 4th quarter. AYAL Capital Advisors Ltd now owns 923,494 shares of the auto parts company's stock worth $5,790,000 after acquiring an additional 669,935 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Stoneridge by 405.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 699,838 shares of the auto parts company's stock worth $4,388,000 after acquiring an additional 561,488 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Stoneridge by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company's stock worth $3,882,000 after purchasing an additional 2,543 shares during the period. Institutional investors own 98.07% of the company's stock.

Stoneridge Trading Up 1.9%

Shares of Stoneridge stock traded up $0.10 during trading on Monday, reaching $5.40. 203,325 shares of the stock were exchanged, compared to its average volume of 282,064. Stoneridge, Inc. has a 1 year low of $3.54 and a 1 year high of $18.40. The firm has a market cap of $150.37 million, a price-to-earnings ratio of -20.00 and a beta of 1.22. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72. The stock's fifty day moving average is $4.42 and its 200 day moving average is $5.33.

Stoneridge (NYSE:SRI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $217.89 million during the quarter, compared to the consensus estimate of $212.42 million. As a group, equities research analysts expect that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SRI shares. Barrington Research reissued an "outperform" rating and set a $16.00 price objective on shares of Stoneridge in a research note on Thursday, May 1st. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

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.