Marshall Wace LLP Invests $464,000 in Stoneridge, Inc. (NYSE:SRI)

Marshall Wace LLP bought a new position in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 73,950 shares of the auto parts company's stock, valued at approximately $464,000. Marshall Wace LLP owned about 0.27% of Stoneridge at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Walleye Capital LLC lifted its position in shares of Stoneridge by 369.9% during the 4th quarter. Walleye Capital LLC now owns 202,905 shares of the auto parts company's stock valued at $1,272,000 after acquiring an additional 159,727 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Stoneridge by 296.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,696 shares of the auto parts company's stock worth $634,000 after acquiring an additional 42,379 shares during the period. Barclays PLC increased its stake in Stoneridge by 51.3% in the third quarter. Barclays PLC now owns 65,044 shares of the auto parts company's stock valued at $727,000 after acquiring an additional 22,052 shares during the last quarter. Amundi acquired a new position in Stoneridge during the fourth quarter valued at approximately $134,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Stoneridge by 246.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,909 shares of the auto parts company's stock worth $313,000 after purchasing an additional 35,500 shares during the last quarter. Institutional investors own 98.07% of the company's stock.

Stoneridge Trading Up 0.2 %

NYSE SRI traded up $0.01 during trading hours on Friday, hitting $4.46. 166,217 shares of the company's stock were exchanged, compared to its average volume of 271,651. Stoneridge, Inc. has a 1-year low of $3.54 and a 1-year high of $18.40. The company has a current ratio of 2.44, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock has a 50-day simple moving average of $4.48 and a 200 day simple moving average of $5.54. The firm has a market cap of $124.19 million, a price-to-earnings ratio of -16.52 and a beta of 1.22.

Stoneridge (NYSE:SRI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The firm had revenue of $217.89 million during the quarter, compared to analyst estimates of $212.42 million. On average, equities analysts forecast that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SRI has been the subject of several recent analyst reports. Barrington Research restated an "outperform" rating and set a $16.00 price objective on shares of Stoneridge in a research report on Thursday, May 1st. StockNews.com lowered shares of Stoneridge from a "buy" rating to a "hold" rating in a report on Monday.

About Stoneridge

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.