Superior Industries International (NYSE:SUP) Stock Rating Lowered by StockNews.com

Superior Industries International (NYSE:SUP) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Superior Industries International Stock Down 5.6 %

Shares of NYSE SUP opened at $1.84 on Monday. The business has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $2.30. Superior Industries International has a 52 week low of $1.50 and a 52 week high of $4.57. The company has a market cap of $53.18 million, a P/E ratio of -0.47 and a beta of 3.14.

Institutional Trading of Superior Industries International

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nierenberg Investment Management Company Inc. increased its holdings in shares of Superior Industries International by 15.5% in the fourth quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company’s stock worth $263,000 after purchasing an additional 17,238 shares during the period. Heron Bay Capital Management bought a new position in Superior Industries International in the 4th quarter worth about $85,000. Jane Street Group LLC purchased a new stake in shares of Superior Industries International in the 4th quarter valued at about $88,000. Proficio Capital Partners LLC bought a new stake in shares of Superior Industries International during the 4th quarter valued at about $153,000. Finally, Sandia Investment Management LP purchased a new position in shares of Superior Industries International during the fourth quarter worth about $153,000. 56.20% of the stock is currently owned by hedge funds and other institutional investors.

About Superior Industries International

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.