Walleye Capital LLC Increases Stake in Stoneridge, Inc. (NYSE:SRI)

Walleye Capital LLC raised its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 369.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,905 shares of the auto parts company’s stock after purchasing an additional 159,727 shares during the quarter. Walleye Capital LLC’s holdings in Stoneridge were worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in shares of Stoneridge in the fourth quarter valued at approximately $25,000. US Bancorp DE raised its holdings in 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 acquiring an additional 2,679 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Stoneridge during the fourth quarter worth $74,000. Virtu Financial LLC bought a new position in shares of Stoneridge in the third quarter worth $146,000. Finally, XTX Topco Ltd grew its position in shares of Stoneridge by 25.7% in the third 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. Institutional investors own 98.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SRI shares. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a report on Saturday, March 29th. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Tuesday, March 4th.

Stoneridge Trading Up 0.7 %

Shares of SRI stock opened at $3.80 on Friday. The company has a market capitalization of $105.67 million, a PE ratio of -14.06 and a beta of 1.26. Stoneridge, Inc. has a 52-week low of $3.54 and a 52-week high of $18.40. The business’s fifty day moving average is $4.60 and its 200 day moving average is $6.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44.

Stoneridge (NYSE:SRI) last released its quarterly earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.36). The business had revenue of $218.20 million during the quarter, compared to analysts’ expectations of $207.61 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. On average, equities research analysts anticipate that Stoneridge, Inc. will post -0.42 EPS for the current fiscal year.

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.