Nomura Holdings Inc. Sells 58,101 Shares of Monro, Inc. (NASDAQ:MNRO)

Nomura Holdings Inc. reduced its holdings in Monro, Inc. (NASDAQ:MNRO - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,032,981 shares of the auto parts company's stock after selling 58,101 shares during the period. Nomura Holdings Inc. owned about 3.45% of Monro worth $25,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MNRO. T. Rowe Price Investment Management Inc. increased its holdings in shares of Monro by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,702,250 shares of the auto parts company's stock valued at $67,016,000 after acquiring an additional 85,378 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Monro by 18.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company's stock worth $39,957,000 after purchasing an additional 253,518 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in Monro by 34.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company's stock valued at $29,594,000 after purchasing an additional 302,515 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Monro in the fourth quarter valued at approximately $28,899,000. Finally, William Blair Investment Management LLC lifted its stake in shares of Monro by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 1,121,027 shares of the auto parts company's stock worth $27,801,000 after buying an additional 23,184 shares during the last quarter.

Monro Stock Performance

NASDAQ MNRO traded up $0.28 during midday trading on Monday, hitting $13.86. The company had a trading volume of 262,475 shares, compared to its average volume of 868,907. The firm has a fifty day simple moving average of $14.75 and a two-hundred day simple moving average of $20.38. Monro, Inc. has a fifty-two week low of $12.19 and a fifty-two week high of $31.49. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The stock has a market cap of $414.94 million, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.05 and a beta of 0.95.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNRO. Wedbush dropped their target price on shares of Monro from $27.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Stephens raised Monro from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $21.00 to $18.00 in a research report on Friday, April 4th. Finally, Wells Fargo & Company lowered their target price on Monro from $20.00 to $15.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th.

Monro Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.