Stoneridge, Inc. (NYSE:SRI) Shares Bought by Walleye Capital LLC

Walleye Capital LLC lifted its position in Stoneridge, Inc. (NYSE:SRI - Free Report) by 369.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,905 shares of the auto parts company's stock after acquiring an additional 159,727 shares during the quarter. Walleye Capital LLC owned 0.73% of Stoneridge worth $1,272,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Stoneridge by 27.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,736 shares of the auto parts company's stock valued at $378,000 after purchasing an additional 7,332 shares during the last quarter. State Street Corp boosted its holdings in Stoneridge by 1.9% in the third quarter. State Street Corp now owns 628,981 shares of the auto parts company's stock worth $7,038,000 after acquiring an additional 11,929 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Stoneridge by 218.3% during the third quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company's stock worth $780,000 after acquiring an additional 47,829 shares during the last quarter. XTX Topco Ltd increased its stake in Stoneridge by 25.7% during the 3rd quarter. XTX Topco Ltd now owns 13,873 shares of the auto parts company's stock valued at $155,000 after purchasing an additional 2,833 shares in the last quarter. Finally, Barclays PLC raised its stake in Stoneridge by 51.3% in the 3rd quarter. Barclays PLC now owns 65,044 shares of the auto parts company's stock worth $727,000 after acquiring an additional 22,052 shares during the last quarter. Hedge funds and other institutional investors own 98.07% of the company's stock.

Wall Street Analysts Forecast Growth

SRI has been the topic of a number of recent research reports. Barrington Research reiterated an "outperform" rating and issued a $16.00 target price on shares of Stoneridge in a research report on Friday. StockNews.com raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Saturday, March 29th.

Stoneridge Price Performance

SRI stock traded up $0.05 during trading on Friday, hitting $3.96. The stock had a trading volume of 47,632 shares, compared to its average volume of 264,699. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. The company's 50-day moving average price is $4.57 and its two-hundred day moving average price is $5.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The stock has a market capitalization of $110.13 million, a P/E ratio of -14.65 and a beta of 1.26.

Stoneridge (NYSE:SRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.36). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The firm had revenue of $218.20 million during the quarter, compared to analyst estimates of $207.61 million. As a group, research analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

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.